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When absolute acreage affairs are not consummated, disputes over declared violations of the acceding of the sales arrangement are par for the course. However, back a Florida appellate cloister afresh affirmed an $850,000 accolade for acknowledged fees and costs in a altercation over a $2.85 actor residential auction gone awry, the absolute acreage industry takes notice.

The cardinal by the Third District Cloister of Address in Diaz v. Kosch, is absolutely cartoon absolutely a bit of industry attention, and there are a cardinal of important takeaways from it for buyers, sellers and the professionals who assignment on their behalf.

The case stems from the auction of a Coral Gables home in 2012 for $2.85 million. Afterwards the sales arrangement was accomplished and the antecedent $50,000 drop had been made, the buyers, who are articular in the cardinal as both actuality “attorneys with abundant acquaintance with absolute acreage affairs and appellation matters,” notified their abettor on the penultimate day of the 10-day ysis aeon about abeyant acceptance issues with the property. On the afterward day, the buyers beatific an email to the sellers accusing them of “active misrepresentations” and aggressive “legal fees and litigation.”

Nonetheless, on the aforementioned date, the buyers fabricated the additional drop of $235,000, advertence it was “with

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