Does a realestate purchaser have recourse to a property developer not fulfilling project?
Posted on July 17th, 2011 by admin
It depends.
If the developer has gone BK. Good luck.
If the developer is still in business, but has changed the plans that the county/gvpt has agreed to, then yes. However, it will be a long road.
Google "clarksburg, MD". This is a project of thousands of homes outside of Washington DC. The developer changed plans in mid development and the homeowners sued them. It cost a lot of money.
This is a good case study.
www.gazette.net/stories/061108/germnew181223_32367.shtml
activerain.com/blogsview/521631/Clarksburg-Town-Center-News
July 17th, 2011 at 5:38 pm
It depends.
If the developer has gone BK. Good luck.
If the developer is still in business, but has changed the plans that the county/gvpt has agreed to, then yes. However, it will be a long road.
Google "clarksburg, MD". This is a project of thousands of homes outside of Washington DC. The developer changed plans in mid development and the homeowners sued them. It cost a lot of money.
This is a good case study.
http://www.gazette.net/stories/061108/germnew181223_32367.shtml
activerain.com/blogsview/521631/Clarksburg-Town-Center-News
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