B
bravehorse87002
Guest
What is the name of your state? New Mexico
I signed a contract with my Realtor to purchase new home construction on a seller owned lot. The builder/seller who was to secure the financing for the construction and pay for the lot. The lot was owned by someone else. The builder did not secure the financing at the bank and we lost the lot. I say the builder/seller is in default and has misrepresented himself because he does not own the lot and did not get financing in a reasonable amount of time. Now he won't sign the release on the contract or the earnest money either. What can I do? We are supposed to close on the newly constructed house the 15th of December.
I signed a contract with my Realtor to purchase new home construction on a seller owned lot. The builder/seller who was to secure the financing for the construction and pay for the lot. The lot was owned by someone else. The builder did not secure the financing at the bank and we lost the lot. I say the builder/seller is in default and has misrepresented himself because he does not own the lot and did not get financing in a reasonable amount of time. Now he won't sign the release on the contract or the earnest money either. What can I do? We are supposed to close on the newly constructed house the 15th of December.