One question I get frequently from individuals who have signed a purchase agreement for residential real estate in Florida, such as a condominium, is whether they risk being faced with a lawsuit from the developer in the event they don’t (or can’t) show up for closing. Generally speaking, the answer to this question is not necessarily a simple “yes” or “no,” but there are some key principles of Florida law to bear in mind as a way of anticipating what might happen if a buyer does not close: 1 Generally, the lower the interest rate, the more points the lending institution will charge.
