Hey Guys,
I'm at the beginning stage of building on a new strata lot and feel like the Developer/Builder are purposely stalling our finance application so that they have more time to sell the other 4-5 lots/builds. They plan to build all of them at once and because we got in early, feel like they are possibly trying to delay our settlement so that they have more time to sell some of the other lots.
Our finance broker was their recommended guy, and he works closely with them - I now regret this greatly.
We signed the land contract on the 27/10/2019 and I believe it states the contract can be cancelled if settlement has not happened 21 days from this date.
Our loan application is apparently still with the lender assessor, even though they have had almost 5 weeks to sort this out.
I am new to this and don't know if this is standard and I am being unreasonable or if they are giving me the run around.
Any help or insight would be much appreciated.
Cheers