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- Jun 24, 2014
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Hey Guys,
Are there any Canadian Real Estate lawyers on this forum?
Having an issue with a preconstruction condo and would like some advice.
This gist of it is that I purchased a unit. The builder accepted my offer, signed the papers and everything, and closed the deal. However, they did all this without looking at my preapproval first. I paid 2 deposits already, next one coming up in July. It seems like I can't get a preapproval for the purchase amount (some unexpected credit hits)... I sent them a request to let me back out (3 months have passed) as I can't get a preapproval and to return my deposits. Still waiting to hear back.
This is not your typical case of "I can't pay the deposits" or "buyers remorse" after the 10 day grace period.
Was just looking for some advice or what my options are.
-MoneyDoc
Are there any Canadian Real Estate lawyers on this forum?
Having an issue with a preconstruction condo and would like some advice.
This gist of it is that I purchased a unit. The builder accepted my offer, signed the papers and everything, and closed the deal. However, they did all this without looking at my preapproval first. I paid 2 deposits already, next one coming up in July. It seems like I can't get a preapproval for the purchase amount (some unexpected credit hits)... I sent them a request to let me back out (3 months have passed) as I can't get a preapproval and to return my deposits. Still waiting to hear back.
This is not your typical case of "I can't pay the deposits" or "buyers remorse" after the 10 day grace period.
Was just looking for some advice or what my options are.
-MoneyDoc
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