Worst nightmare real estate story I've ever heard

What about reaching for a lawyer..?

Nope. It is curious that he is not able to move in. Usually that is a necessary condition for closing.

another ridiculous dealboy story.

A friend bought into some new construction around 4 years ago.
After closing, he realized he was a 3br lego apt.

Joking aside, you can't (won't or shouldn't) unless it's ready to move in. It's a bogus story your friend is telling to to scam you into lending some money.

dealboy, seems like you havent' heard this story but made it up.

dumbboy

This guy couldn't sue the construction company for not finishing the building in a timely manner?

What did the contract say?

"He has been paying a mortgage and the building was never finished."

A bank would have never extended a mortgage unless a CofO was issued. A CofO would not have been issued unless the building were completed. Something wrong with the story.

it's lucky for him not being able to sell at 2008, because the price in manhattan now is much higher than 2008

and also lucky him that he paid for the new development years ago, otherwise the price will be sky-rocketing now

Must be a good friend if he won't tell you where the apartment was or what the "vibe" was. Maybe you should ask him?

>A bank would have never extended a mortgage unless a CofO was issued. A CofO would not have been issued unless the building were completed. Something wrong with the story.

Bingo

Either your friend paid all cash and is a shmuck (his lawyer a bigger shmuck) and you got the story wrong or your just full of bulltish.

>or your just full of bulltish.

Didn't I say that already?

Hmm, thanks for the replies. I know this is some sort of ordeal that just hasn't gone away for him. He had planned this move years ago, so it's not bullshit. I don't know if he paid cash for it. I will ask him about if he got a mortgage and if there was never any CofO. It's not easy to bring up, b/c the last time I asked about it in casual emails (Hey, what's the deal with that new apt?) he explicitly said he doesn't want to talk about it.

There is certainly a chance he paid cash, or took out some sort of loan against his existing apt. He bought his primary apt in the early 90s, and was sitting on a huge chunk of equity.

>the last time I asked about it in casual emails (Hey, what's the deal with that new apt?) he explicitly said he doesn't want to talk about it.

This thread is based on no information?

Dealboy: you can look him up on ACRIS. If it's a condo, the deed will be recorded on ACRIS.

dealboy,
Whether or not he paid cash, you simply don't close unless it's in move in condition. You can actually back out of the contract with penalties (interest) owed, thus this friend of yours is pulling a fast one on you.

dumpboy, if he paid cash for it, it's even a better deal. the crooks printed so much money these years, QE1, QE2, QE3 and much more to come, holding cash is suicidal

Ok, I dug through some old emails for some more clues. Last summer, the developers cut him a check for damages. Then the permanent C of O got filed. He was then finally planning on having some work done via contractors (3 years after this all started) What is unclear is what sort of work he's having done. Maybe the building was never completed? There's no building name.

another reason to rent

dealboy: Just go on the DOB website and look the address up. Surely your friend gave you the address in one of those e-mails. That's all you need.

dumbboy

yea can't even spell

Who can't spell?

My alias Brooks2 who indeed controls this ID