Also, you should know ahead of time that if there is a dispute between seller and buyer regarding the escrow deposit, the broker escrow agent cannot simply decide who has the right to the money. This issue is very clearly laid out in real estate laws and regulations. There are several different avenues used to determine who keeps it - and one of those is litigation. So... again, consult an attorney to protect yourself and your investment.
Best of luck to you in your situation. This kind of thing is never fun.
Of course, if you would like assistance when you re-start your property search, please give us a call. We'd be happy to help. We live, work and are active real estate investors in Hollywood and the surrounding area.
All the best,
Vivian & Keith Harmeyer
Ace Realty & Investments
Atlantic & Pacific Real Estate US LLC
2950 W Cypress Creek Rd. Suite 100
Fort Lauderdale, FL 33309