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understand that the rushmore does not accept a financing contingency from potential buyers. Any views on whether this is market for new developments and this building?
I've heard its norm as well but there are solutions, you are looking to buy there?
The Rushmore does not respect terms in its contracts, decisions by the attorney general, nor repeated rulings from courts.
What's a little financing contingency amongst friends?
Inonada - POBU is talking about market in general and that seems to be the trend right now...have you had any experience with this?
Everything is negotiable if the parties are motivated. There ability to negotiate will depend on what you are looking to buy vs how much they need to sell it. Good luck negotiating on a one bedroom though, but personally I would not take the risk even if it is small.
This is funny from a company arguing scrivener's error on the a.g. filed plan and has refused to listen to several judges that they need to return deposits.
Why dont you just get a bank commitment letter before you sign the contract?
You mean Mortgage approval? It means nothing. Banks won't issue a committment letter unless you have the contract with 10% down and have gone through the underwriting process.
No, I mean a commitment letter. You can apply for a mortgage and go through underwrtiing and get a commitment letter subject to the building and the appraisal. If the bank already lends in the building, there should not be an issue. I know we would do it, I cant speak for anyone else.
NFW I would buy from the Rushmore or Extell. They have proven over the last 3 years they are crooks. After what they have done to the initial buyers in light of every single court decision being held against them, I can't believe anybody would ever consider buying from anybody having to do with Extell. If you insist on buying from them, I hope you know what you are getting yourself into.