Military Personnel Real Estate Contracts

We’ve done a lot of work with, or I should say we’ve represented quite a number of SouthCom personnel over the years so we feel by now we must be the Unofficial SouthCom Realtor of Choice in Doral, hence this post. To keep you informed about your rights as a military member while investing in Real Estate.

Two military soldiers wearing camouflage and holding riflesMembers of the United States Armed Forces, Reserves, or the Florida National Guard may terminate a contract to purchase real property, prior to closing, by providing to the seller or mortgagor on the property a written notice of termination under the following circumstances:

  • Member is required, by permanent change of station orders, to move 35 miles or more from the location of the property.
  • Member is released from active duty and the property is more than 35 miles from the member’s home of record.
  • Member receives orders to move into government quarters, or the member becomes eligible to live in government quarters, or
  • Member receives temporary duty orders to move more than 35 miles from the location of the property and the temporary duty orders exceed 90 days.

Upon termination of the contract, the member is entitled to a full refund of the deposit within 7 days.

The law may not be waived if modified by agreement of the parties under any circumstances (Chapter 689.27.F.S.). So all kinds of side agreements can be drafted, but it won’t be worth the cost of the paper it’s written on.

teamDoral is a RE/MAX Premier Associates Group. Richard Recuset is a Realtor®,team leader,  Short Sale Agent, Listing Marketing Specialist,Certified Distressed Property Expert (CDPE), and Certified Commercial Specialist (CCS), serving the City of Doral, Fl and surrounding Remax

*Nothing in this article is intended to solicit listings currently under contract with another broker.  This article offers no legal or tax advice and is for information purposes only.  Those considering a short sale are advised to consult with their own attorney for legal advice, and their tax professional for tax advice prior to entering into a short sale listing agreement.  teamDoral- A REMAX Premier Associates Group, is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s