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default notice

Started by bds
over 17 years ago
Posts: 187
Member since: Jan 2009
Discussion about
Need more time to sell house, but got default notice from developer. Developer gave me 2 months extensions, but need more time. Do not want to give developer another 5% towards downpayment. Any thoughts?
Response by w67thstreet
over 17 years ago
Posts: 9003
Member since: Dec 2008

good money after bad?

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Response by bds
over 17 years ago
Posts: 187
Member since: Jan 2009

No you are right. I am not giving the developer anymore money on top of this very hefty deposit. I just want more time...

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Response by columbiacounty
over 17 years ago
Posts: 12708
Member since: Jan 2009

for what?

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Response by bds
over 17 years ago
Posts: 187
Member since: Jan 2009

to sell my house. I keep lowering the price, and I am starting to see more interest now. It has been on the market for 10 months.

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Response by w67thstreet
over 17 years ago
Posts: 9003
Member since: Dec 2008

just to help you out... see if you can have someone go and try to get a "deal" on a similar unit in the building by the developer or a re-seller. if you find that you can 1) replicate your deal and 2) at a lower overall cost even after walking away from you deposit then you have your answer....

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Response by bds
over 17 years ago
Posts: 187
Member since: Jan 2009

thank you

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Response by jimstreeteasy
over 17 years ago
Posts: 1967
Member since: Oct 2008

Let us know how it goes.

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