Real Estate Law
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Hi there. My name is ***** ***** I look forward to helping you.
Can you provide me a bit more information? Does the contractor have any basis for the delay....force majeure, change orders, etc.? Does your contract address the issue if the builder defaults by failing to timely complete the house? Thanks.
Paul...thanks for responding. You do have recourse here. Because the builder is in default by not being ready to close on or before the closing date, the options for your remedies belong to you, not your builder. So, you have no obligation to simply terminate. Rather, you can close and sue the builder for damages caused by the builder's default. This would include any additional costs you incur such as increased interest rate, room and board during the delay period, and any storage or duplicative moving costs due to the builder's default.
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