Closing
Has anyone here had any firsthand experience or known of anyone who has lost their 20% down payment on a pre construction condo deal which they were unable to close on because they
could not obtain any sort of bridge loan
and therefore had to forfeit their 20% downpayment ,due to breach of contract ? I have never heard of this ever happening to anyone ? I have heard all about how it COULD happen ,but never have heard of it actually happening to anyone so far .Please advise .. Thanks again[ Edited by MrInvestor on Date 01/31/2004 ]
not sure this appeared