Stuck with a condo

by John on April 10, 2009

We put a deposit on a pre-sale condo 2 years ago hoping to to sell before completion of construction. Now with the market as it is we are loosing our down payment. The sales staff never told us that the developer could sue us for balance of the purchase price. Talking to a lawyer now.. Don’t buy a condo..

This post was submitted by John.

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vivtherealtor April 14, 2009 at 4:47 pm

I’ve seen this happen before with new construction. I hope you report this to the Better Business Bureau to prevent future buyers from getting into the same dilemna.