What is the name of your state? Wisconsin
We are trying to close on a make-over condo. They are running over 6 months behind. We payed $19K down as earnest and $13K for upgrades. The pre-sale paperwork that we signed allowed for us to get out of the deal for several reasons, interest rate goes beyone 5.75 (which it has), etc., so we feel that we could get out...but -
There was no documentation regarding our $13K upgrade $ (although it has not cleared yet). We were told originally that we would move in sometime in Feb. We moved from out of state and are paying for an apartment in the interim. It's going on 7 months...
One other couple got out of theirs and the condo promtly re-sold at a profit. We feel that if we bail out, we lose what equity we would have had, and that the company knew that they would not be finished until Q3 of this year. We can't prove that, but it seems readily apparent. As of the last few months, there have been scant few workers on the site.
Our thought is to suck it up and close, but then I'm curious if I have any recourse for liabilities in this matter. Any help is much appreciated.
We are trying to close on a make-over condo. They are running over 6 months behind. We payed $19K down as earnest and $13K for upgrades. The pre-sale paperwork that we signed allowed for us to get out of the deal for several reasons, interest rate goes beyone 5.75 (which it has), etc., so we feel that we could get out...but -
There was no documentation regarding our $13K upgrade $ (although it has not cleared yet). We were told originally that we would move in sometime in Feb. We moved from out of state and are paying for an apartment in the interim. It's going on 7 months...
One other couple got out of theirs and the condo promtly re-sold at a profit. We feel that if we bail out, we lose what equity we would have had, and that the company knew that they would not be finished until Q3 of this year. We can't prove that, but it seems readily apparent. As of the last few months, there have been scant few workers on the site.
Our thought is to suck it up and close, but then I'm curious if I have any recourse for liabilities in this matter. Any help is much appreciated.