What can I do to get out of my contract to buy a condominium now that the real estate bubble has burst, or what do I do now that my flip has flopped?
Depending on a variety of factors, you may be able to void your real estate contract. The most important thing that you can do to void your real estate contract for a condominium is to consult with an attorney in Florida who practices in the area of real estate and condominiums. Several different laws may or may not apply to your particular contract including the Interstate Land Sales Act and the Florida Condominium Act. If the property in question is not part of a condominium you may have rights to rescind the contract, and again you should immediately consult with an attorney in Florida who practices in the area of real estate in order to obtain advice regarding the enforceability of your contract. The most important thing that you should do once you have determined that you do not want to purchase the property is immediately seek the services of an attorney because there are certain statutes of limitation which apply to your right to void or rescind the contract. For this reason tim
