Clough: Lawsuits build on canceled condos [South Florida]
Buyers of canceled condo projects in downtown West Palm Beach are becoming increasingly angry – and frantic – over unrefunded deposits on units, and unfulfilled contracts.
Dozens of buyers fell for sales pitches promising gleaming high-rises. Instead they wound up with fading sales brochures. Most upsetting: Some buyers are having trouble getting all their deposit money back. That’s because some of their money was released to developers for construction, even though the condos weren’t built.
While some buyers are resigned to lessons learned, others are fighting back by filing lawsuits against the developers who they say failed to deliver. In the past two months alone, half a dozen lawsuits have been launched.