Status of North Beach Plantation? (water, developer, contract)

[buyerbewarenb]

miswarranties may be the wrong word. All I am saying is I was sold one thing in principle and I am receiving a totally different thing. I acknowledge I was reching on that. the point was I am not scared one bit of being sued thru arbitration. for the record, if i could close (financing), and i thought a good portion of the building was going to close, I would. they place is really nice. don't blame winchester really, the investment banks have really botched this whole process up and in the long run have cost themselves a bunch of money.

[PandaFan]

What is stopping people with contracts from closing? Inability to get financing in this market? Or concern that it'll remain mostly empty with ballooning HOA fees? Or both?

[buyerbewarenb]

I'd say both. also would throw in there that a concern might be the values continue to go lower and might be able to buy in cheaper at a later date.

[Tim Toy]

In the mean time those of us with deposits already in the hopper will get the shaft, along with those who close early. Fire sale situation is what I see in the future. We're already seeing it in other locations. Who knows?

[OTIS1946]

Closing should pick up next week. Financing depending on the lender takes a while longer to get started due to all the paper work.

I don't think everyone has been notified and given their 10 days to close, I haven't.

Who has been notified?

[parrothd]

I was notified by my realtor to schedule my closing date. I was not given a 10 day requirement and would have fought that since I was ready to close last January, March, April, and June. I have already eaten 4 airline tickets due to the delays. So, now, closing is on my schedule. I have set the date for late August and no one is telling me that is too far out.

[buyerbewarenb]

if you WANT to close, they will give you the flexibility to a certain extent.

fyi...there is some info that may come out soon that will change everyones lookout on this project....stay tuned.

[buyerbewarenb]

hold onto your seats....we now have 9 closings!

[buyerbewarenb]

i had heard that the developer planned on closing 25% of the building by cash buyers. i know it's early, but not exactly on a great pace to meet that.

[parrothd]

hey buyerbewarenb:
how soon is soon?