Does a realestate purchaser have recourse to a property developer not fulfilling project?
August 2nd, 2011 | by admin |
It depends.
If the developer has gone BK. Good luck.
If the developer is still in business, but has changed the plans that the county/gvpt has agreed to, then yes. However, it will be a long road.
Google "clarksburg, MD". This is a project of thousands of homes outside of Washington DC. The developer changed plans in mid development and the homeowners sued them. It cost a lot of money.
This is a good case study.
www.gazette.net/stories/061108/germnew181223_32367.shtml
activerain.com/blogsview/521631/Clarksburg-Town-Center-News
One Response to “Does a realestate purchaser have recourse to a property developer not fulfilling project?”
By Real Estate Guy on Aug 2, 2011 | Reply
It depends.
If the developer has gone BK. Good luck.
If the developer is still in business, but has changed the plans that the county/gvpt has agreed to, then yes. However, it will be a long road.
Google "clarksburg, MD". This is a project of thousands of homes outside of Washington DC. The developer changed plans in mid development and the homeowners sued them. It cost a lot of money.
This is a good case study.
http://www.gazette.net/stories/061108/germnew181223_32367.shtml
activerain.com/blogsview/521631/Clarksburg-Town-Center-News
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