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Purchase Agreement

May 17, 2007

How Much Time Do I have to Pay a Down Payment in Florida?

2
Anij G asked:


I know there's a "grace period" in some states that you have to pay the full down payment for a house. Someone told me I have 5 or 6 months to pay the full amount before the purchase agreement can start. I'm confused. I already made some payments towards the down payment. I know I have to pay it in full before a date or else I will lose the money I already paid and won't get the house.
I can't seem to find real estate laws for Florida online to check if it's 5 or 6 months.
Can somebody help me? They used to call me at the beginning almost every day requesting the remaining balance and I've made partial payments. They suddenly stopped calling me, and now I don't know if I lost the opportunity because of the due date.

Thanks



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Tags: Due Date, Purchase Agreement, Real Estate Laws.

Filed under Renting & Real Estate by admin on May 17th, 2007. 2 Comments. #

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