PLEASE READ IN ITS ENTIRETY.
NOTE: If you purchased a home and the builder has not closed by the "the firm closing date", in accordance to Tarion they now owe you $7,500 and an optional moving costs of up to $2,500!
I bought a house from Kaitlin Corp in October 2016 with a closing date of June 2018. They kept pushing back the closing dates for over a year. On May 9th, 2019 I received an email from the builder advising there was an "unavoidable delay" due to a strike, so my July 8, 2019 closing date was not going to happen and the house is delayed indefinitely. On June 25th 2019 I received another email advising that the strike ended on May 15th and that the new closing date is now July 23rd (LESS THAN A MONTH'S NOTICE). Also of note is that they were aware this so call strike ended 6 weeks prior to advising me of same but gave me only 3 weeks notice of closing. With my daughter (cosigner) being out of the country for a month and not returning til August 1st, I had to now scramble to obtain a mortgage on my own. I received a mortgage on the date of closing conditional on the appraisal. When my lawyer requested a couple days extension to complete the appraisal, the builder required me to pay their lawyer's costs of $400 plus and for me to sign an acknowledgement to WAIVE THE COMPENSATION FEE of IS $7,500 WHICH THEY OWED ME FOR ALL THE DELAYS! I had no choice but to agree to this ridiculous request or lose my deposit and the house after 3 years!
- Approximate cost of services:
- $629,990.00