Urgent Please Help!!!!!

[bballer00]

What is the name of your state? Florida

Hi,

I am buying a new condo it is one of those where they sell them out before they start building so I am buying from someone who got in earlier. I am supposed to close soon, but I can't because my lender will not allow it. The seller does not have any money to close, he is just depending on me. Now I want to close I have been waiting, but I can't. I have a few questions, is this legal for him not to have money to close? Isnt he in violation of the builders contract for not getting financing and thus not letting me get this condo? What are my possibilities? I was thinkin that I could go to the builder and buy it for his price is that possible and legal? Any help would be appreciated.

Elijah

[HomeGuru]

Originally Posted by bballer00

What is the name of your state? Florida

Hi,

I am buying a new condo it is one of those where they sell them out before they start building so I am buying from someone who got in earlier. I am supposed to close soon, but I can't because my lender will not allow it. The seller does not have any money to close, he is just depending on me. Now I want to close I have been waiting, but I can't. I have a few questions, is this legal for him not to have money to close? Isnt he in violation of the builders contract for not getting financing and thus not letting me get this condo? What are my possibilities? I was thinkin that I could go to the builder and buy it for his price is that possible and legal? Any help would be appreciated.

Elijah

**A: you are buying from a speculator that wants to engage in flipping. You may have a serious problem since the Seller can't sell what he/she does not own.

Originally Posted by bballer00

What is the name of your state? Florida

Hi,

I am buying a new condo it is one of those where they sell them out before they start building so I am buying from someone who got in earlier. I am supposed to close soon, but I can't because my lender will not allow it. The seller does not have any money to close, he is just depending on me. Now I want to close I have been waiting, but I can't. I have a few questions, is this legal for him not to have money to close? Isnt he in violation of the builders contract for not getting financing and thus not letting me get this condo? What are my possibilities? I was thinkin that I could go to the builder and buy it for his price is that possible and legal? Any help would be appreciated.

Elijah

What are my possibilities?
I'd guess 100% for getting scammed.

[HomeGuru]

Originally Posted by seniorjudge

What are my possibilities?
I'd guess 100% for getting scammed.

**A: talk to the developer.