Miami Condos, Miami Beach Real Estate

Buyers of Miami Condos in Financial Hot Water, Buyers Sue

As lenders begin to foreclose on Miami condos buyer lawsuits against condo developers are stronger then ever.

The pattern is beginning to get more predictable. Miami condos sales launch, falter on payments and sometimes the lender comes calling to collect either the money or the keys to the high-rise.

Quantum on the Bay, just north of downtown Miami, and Biscayne Landing, in North Miami are being sued by attorney Robert Cooper who is representing Miami condo buyers in civil lawsuits filed recently. In both cases, he alleges the developer did not deliver on deadlines and promised amenities.

Boca Developers, Biscayne Landing’s builder filed a motion to dismiss, claiming that buyers were notified at the closing about the changes. Quantum developer Terra Group did not return calls seeking comment...

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