What is the name of your state? NC
We signed a purchase offer with a builder and agent in October of 2004. The builder said at that time we would be able to close in April and indeed the contract states "All parties agree to execute any and all documents and papers necessary in connection with closing and transfer of title on or before Aprill 22, 2005 " We have not seen any progress on the house except that the lot has been cleared and the builder has the permits (received the end of January). He now states the house will not be completed until the end of June. This puts us in a real bind with where we are living now. We will also have to get another mortgage at a higher interest rate due to the delay. Do we have any legal recourse with the builder? He has not let us know about any delays either verbally or in writing.
Thanks for any insight
Finalee
We signed a purchase offer with a builder and agent in October of 2004. The builder said at that time we would be able to close in April and indeed the contract states "All parties agree to execute any and all documents and papers necessary in connection with closing and transfer of title on or before Aprill 22, 2005 " We have not seen any progress on the house except that the lot has been cleared and the builder has the permits (received the end of January). He now states the house will not be completed until the end of June. This puts us in a real bind with where we are living now. We will also have to get another mortgage at a higher interest rate due to the delay. Do we have any legal recourse with the builder? He has not let us know about any delays either verbally or in writing.
Thanks for any insight
Finalee
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