What do you do when your sponsor/sales agent is difficult to get in touch with? I have tried calling, texting, emailing my sales agent and he will not return any of my messages. I know he's around because I just got word from my banker that he got a new client from the same building I'm purchasing from. I have been in contract since February and have promised closing in May. I started my loan a... [more]
What do you do when your sponsor/sales agent is difficult to get in touch with? I have tried calling, texting, emailing my sales agent and he will not return any of my messages. I know he's around because I just got word from my banker that he got a new client from the same building I'm purchasing from. I have been in contract since February and have promised closing in May. I started my loan a little over a month ago. Now it's September and still no words about TCO, and also no response from sales person. The last I heard before I began my application is that the building passed the inspection. I'm running out of ideas how I can further get this closing going. My lawyer and broker has been doing what they can on their end to get this going but I guess without the TCO they really can't do much of anything. This so far has been costing me a lot of $$ moving around and waiting around. Any advice from the forum would be greatly appreciated.
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Response by ab_11218
about 12 years ago
Posts: 2017
Member since: May 2009
welcome to buying new construction. this is typical and there's nothing you can do about it unless you are able to get out of the contract with time is of the essence letter.
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Response by drdrd
about 12 years ago
Posts: 1905
Member since: Apr 2007
What am I missing here? You were in contract in February & started your loan in August & wonder why you can't move in?
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Response by iluvappa
about 12 years ago
Posts: 49
Member since: Apr 2012
drdrd I started my loan in August per the sponsor's advice since the seller still needs to get the building to pass the inspection. As soon as it passed, that's when he told the first group of buyers to get the loan commitment.
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Response by ab_11218
about 12 years ago
Posts: 2017
Member since: May 2009
the good news is that interest rates have gone down in past month. you have to be patient as the city's bldg dept gets backed up during the summer and now is trying to catch up.
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welcome to buying new construction. this is typical and there's nothing you can do about it unless you are able to get out of the contract with time is of the essence letter.
What am I missing here? You were in contract in February & started your loan in August & wonder why you can't move in?
drdrd I started my loan in August per the sponsor's advice since the seller still needs to get the building to pass the inspection. As soon as it passed, that's when he told the first group of buyers to get the loan commitment.
the good news is that interest rates have gone down in past month. you have to be patient as the city's bldg dept gets backed up during the summer and now is trying to catch up.