{ "media_type": "text", "post_content": "I applied for a mortgage (new condo construction) and had to do some maneuvering to get my ratios down. It was a lot of work and I’ve been diligent since and knew it would be worth it for this place especially with raise-bonus coming. Anyway, the rates have gone up, all the while the condo has been delayed now for the tune of 4 mo. I am now being told I won’t be approved without putting more down. Any advice on how to handle / who to go after? I’m so unfamiliar with RE law. Yes I emailed my atty", "post_id": "60624d77dfc8bb00209786db", "reply_count": 1, "vote_count": 1, "bowl_id": "5a5242b78e26290018502ca0", "bowl_name": "The Real Estate Bowl", "feed_type": "bowl" }

I applied for a mortgage (new condo construction) and had to do some maneuvering to get my ratios down. It was a lot of work and I’ve been diligent since and knew it would be worth it for this place especially with raise-bonus coming. Anyway, the rates have gone up, all the while the condo has been delayed now for the tune of 4 mo. I am now being told I won’t be approved without putting more down. Any advice on how to handle / who to go after? I’m so unfamiliar with RE law. Yes I emailed my atty

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Posting as :
works at
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Did you have a contract that stipulated liquidated damages for a contractor/developer’s delay? Either way, the interest rate environment isn’t the developer’s problem in this situation.

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