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Does anyone here have knowledge of Subdivision Regulations/Laws?
Posted on 7/6/13 at 8:13 pm
Posted on 7/6/13 at 8:13 pm
Just curious what happens when a brand new subdivision sales a few lots with the promise of certain amenitites (cable/natural gas) but then runs out of money prior to completing the subdivision. Is there any recourse for buyers already vested in subdivision or those buying into it?
Or is everyone just screwed?
TIA.
Or is everyone just screwed?
TIA.
3
Posted on 7/6/13 at 8:47 pm to Cali 4 LSU
quote:
a few lots with the promise of certain amenitites
I don't think any one can help you without a little more detail than that.
This post was edited on 7/6/13 at 8:48 pm
Posted on 7/6/13 at 9:04 pm to Cali 4 LSU
quote:
brand new subdivision sales a few lots
sells
Posted on 7/6/13 at 9:11 pm to Cali 4 LSU
if that "promise" is in writing, than you can class action lawsuit for a breach of contract. However, you will have to stand in line behind the developer's creditors to collect. Most likely, you're screwed.
Posted on 7/6/13 at 9:19 pm to Teddy Ruxpin
quote:
I don't think any one can help you without a little more detail than that.
I don't have a lot of detail, just what one of the homeowners verbally told me: That the developer said there was underground utilities (which there are) but the cable/gas never got put in b/c he ran out of money prior to all the lots selling.
Posted on 7/6/13 at 9:20 pm to southernelite
quote:
southernelite
Awww shite! Did I do that? Hate improper grammar but I suppose what my husband tells me is true...that I'm not perfect afterall.
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