Lakeland, FL asked in Real Estate Law for Florida

Q: Now, we changed our minds and LGI Homes is refusing to give us our money back. Can they legally do that?

My husband and I looked at LGI Homes this past week. They asked us for a deposit to secure the house they are building. $1000. The sales rep said it was refundable. They said we have to go through the application process and be turned down for credit reasons to attain our money back. If we just sign a cancellation paper, we would not get our money back.

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3 Lawyer Answers
Answered
  • Santa Rosa Beach, FL
  • Licensed in Florida

A: No way to say for sure without first reading the documents you signed. Best advice is that you need to go see an real estate attorney in your area to go over this situation.

Answered
  • Bushnell, FL
  • Licensed in Florida

A: I agree with my colleague, the answer depends upon what you signed. There is no way to advise you in a web post without reviewing the documents. If you are relying on an oral promise, it won't get you out of the Contract, but it may give you a basis for other claims. Best of Luck! Jennifer

Answered
  • Boca Raton, FL
  • Licensed in Florida

A: The documents you sign govern so you would need to read them or hire an attorney to review them.

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