SOUTH FLORIDA REAL ESTATE LAWYERS

ESCROW DEPOSITS HELD IN TRUST

Are you purchasing real estate in Florida? Selling real estate in Florida? Are you about to enter into a real estate contract and relying on your realtor to hold your escrow deposit? Cases of escrow deposit comingling or fraud are on the rise. Escrow agents in Florida hold a fiduciary duty to the buyer or seller to hold escrow deposits on real estate contracts in a special account, not comingled with personal funds, until the conclusion of the real estate transaction. In my firm, when I represent sellers, I always have the escrow deposit held in my firm’s trust account, to guarantee that the escrow deposits are in fact made, are held during the pendency of the real estate closing, and disbursed correctly at the time of closing.

As a buyer, you want to make sure your escrow deposit is safe and not in the hands of someone that could use the funds and commit theft or fraud.

Whether you are about to sign a contract and need an Escrow Agent or require the services of a competent, real estate attorney, allow the Real Estate Law Firm of Jacqueline A. Salcines to guide you.

We are a full service title company and handle closings from beginning to end, including the safekeeping of your escrow deposit.

Practice Areas

Real Estate Closings
Title Insurance
Escrow Agent
Contract Law
Real Estate Litigation
Short Sales
Debt Settlements
Negotiations

Contact the Law Offices of Jacqueline A. Salcines, PA today at (305) 669-5280 to schedule your legal consultation.

The Law Offices of Jacqueline Salcines offers cost effective services designed to meet your individual needs and requirements. For strong legal representation, call us at (305) 669-5280 today! Attorney Jacqueline Salcines has been handling all types of real estate problems for 17 years. If you have an issue with a contract, title insurance, tax deeds, quiet title or any real estate issue, contact our probate and real estate attorney!

Main office 305 | 669 | 5280. Or email the attorney directly: J.Salcines@Salcineslaw.com

TRUST | COMMITMENT | RESULTS

Jacqueline A. Salcines

JACQUELINE A. SALCINES, ESQ.

706 S. DIXIE HIGHWAY

SECOND FLOOR

CORAL GABLES, FL 33146

TEL. 305 669 5280

Email: J.Salcines@Salcineslaw.com

Escrow Deposit Disputes

House and law

Jacqueline A. Salcines, PA is a South Florida based law firm experienced in handling escrow deposit disputes. Its business attorneys and real estate lawyers have provided guidance and legal advice to clients in the Miami Dade, Broward, Palm Beach and Monroe County areas that have been essential to the resolution of numerous escrow disputes.

An escrow dispute arises when a buyer, who has placed a deposit on a real estate contract, demands the return of their deposit after either the seller breaches, or they do. Anytime a real estate sales contract fails to close, a dispute as to who is the rightful owner of the deposit can arise. While often the buyer cancels on time and entitled to the return of the deposit, often the seller is not agreeable. The title company must then hold the escrow funds in “Trust” until the parties resolve their disputes. Often time, a resolution out of court can not be obtained, and the parties must litigate in court for the Judge to determine who is the rightful owner of the escrow deposit.

For individuals and business entities in the South Florida area, Jacqueline A. Salcines, PA is the firm for you. With the necessary skill and knowledge of the law and a personalized approach to every client, we are here to help. We listen, understand, and take action based on our client’s needs.

What Florida Law Says About Escrow Deposit Disputes

The Florida Statues and Administrative Rules provide procedures on how disputes should be handled. Meanwhile, the Florida Real Estate Commission (FREC) dictates the action of brokers with regards to escrow disputes.

Florida Statute requires the broker to return the escrow at the time dictated by the law. But if he or she doubts if the recipient is entitled to it, the broker should immediately notify the FREC. He or she is then given thirty business days to begin settlement procedures that will determine who the escrow deposit shall be released to.

Doing this without legal counsel is not only daunting; it puts a dent on an individual or company’s

Contact the Law Offices of Jacqueline A. Salcines, PA if you are facing any type of escrow dispute. We are a phone call away.

Offices located in Coral Gables

Salcines064

Tel: 305 669 5280

Fax: 305 669 5283

Email: J.Salcines@Salcineslaw.com