How to Effectively Handle Miami Escrow Disputes

Miami escrow disputes can arise on several kinds of transactions. However, the usual culprits are commercial and real estate transactions. Due to the large amounts and keen interests involved in these arrangements, disputes can take on a unique toga.

The booming Miami real estate and commercial market sees a lot of business deals being negotiated and finalized on a daily basis. These deals often involve large sums of money.

The amount of funds involved in these deals makes it a bit uncomfortable for parties to do a one-off transfer especially due to fears of what happens of the deal fails to materialize. In these situations, escrow agencies provide a great intermediary between parties and helps them transact with a bit more confidence.

So, once parties have progressed, either party may be required to pay either the whole or a large part of the transaction amount in an escrow account. This shows that a party is ready and willing to see the transaction through.

However, what happens when parties fail to conclude on their negotiations? What happens if one party is no longer confident about the deal and decides to pull out? How can Miami escrow disputes be handled effectively?

Resolving Miami Escrow Disputes

Miami escrow disputes can be daunting. This is because the parties are usually invested in the money, with both sides laying claim and seeing themselves as entitled to it.

The Florida Statutes and Administrative Rules provide for how these disputes should be handled. The Florida Real Estate Commission also dictates what escrow brokers should do in the event of such disputes.

Under the law, the broker is expected to let go of the funds within a stipulated time. If the dispute is not resolved by then, they must begin settlement procedures to see who should be entitled to the funds.

Going into this procedure without skilled legal counsel can be detrimental. If you try to do it without legal counsel, it may put you at a disadvantage.

At Jurado & Farshchian, P.L., our lawyers have immense experience with providing dispute resolution services to parties in escrow arrangements. We have a personalized approach to every case that keeps our advice fresh and puts the interests of our clients first.

We have successfully represented various clients facing Miami escrow disputes over varied transactions from real estate to commercial areas and we have helped them, assert their rights in these disputes.

Our lawyers have deep understanding about escrow arrangements and have successfully litigated many Miami escrow disputes. We have made many satisfied clients and we would be honored to satisfy you too.