drusba
I went to Iowa once, and it was closed.
- Joined
- Aug 19, 1999
- Messages
- 14,891
Florida law does not prohibit sales before breaking ground. It prohibits sales before filing of necessary plans, disclosure, and other documents, and even before that you can sell a right to purchase charging a down payment. What Florida law does require to assure the developer does not take the money and run is that all sums that you pay must go into an escrow account and the developer cannot have access to the money until completion of construction of the facilities that include the unit in which you are being sold an interest and, if the developer fails to complete, the money gets returned to you.