Complaint Review: Florida Home Realty - Naples Florida
- Florida Home Realty 1575 Pine Ridge Road Suite 16 Naples, Florida USA
- Phone: 239-430-3995
- Web: http://www.floridahomerealty.com/
- Category: Real Estate Services
Florida Home Realty Deposit given and never returned Naples Florida
*REBUTTAL Owner of company: Deposit Was Returned
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I contracted to sell my home and purchase my new home via Florida Home Realty. I found the new property I wanted to buy and my agent found a prospected buyer for mine. I entered a conditional contract to purchase the property after my home had sold. My agent told me to submit a refundable deposit of $1000; I did so. The contract could not be completed because the buyer for my home was not approved for the FHA loan he requested. When I attempted to have my deposit returned my agent said the other property owner was out of the country and would have to sign a release for my deposit to be returned. He requested I wait a week. After not hearing from anyone for a month I went to the business and again requested to speak with the owner. She declined but returned my email saying I could use the deposit to purchase another property through her business but it could not be returned with signatures of the other party. I was then contacted by my agent and informed when the offer expired I could then have my deposit returned. I emailed this as a question to the business owner who reponded by having someone from her office call me and inform their staff attorney had drafted a letter requesting signatures on the release form and could not return my deposit until the release was signed.
This report was posted on Ripoff Report on 01/27/2017 12:00 AM and is a permanent record located here: https://www.ripoffreport.com/reports/florida-home-realty/naples-florida-34109/florida-home-realty-deposit-given-and-never-returned-naples-florida-1352273. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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#1 REBUTTAL Owner of company
Deposit Was Returned
AUTHOR: Kathryn J Zorn, Broker - (USA)
SUBMITTED: Tuesday, July 25, 2017
I agree that returning the deposit took more time than usual due to the seller being out of the country. We attempted to reach them on several occasions. The complaintant did not understand that the brokerage and the title company have to comply with rules and regulations as to returning a deposit. The compaintant was bound by a contract with the seller. The deposit was held in escrow by a title company and returned to this individaul as soon as the proper paperwork was completed.
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