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  #1  
Old 2011-09-02, 06:00 PM
frustrated frustrated is offline
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Default No closing date!!

Quick question as I can't seem to get a specific answer out of my laywer or builder.
Quick summary
Firm Closing Date has past.
We did not receive any type of notification at all in regards to the builder extending our closing date and receiving delayed closing compensation.
So the firm date has come and gone (house is about 80% complete) and the builder is non-responsive and we have NO Closing Date.
Orginally I was advised by my lawyer that is was a breach of contract (makes sence we were ready to close, the builder was not at our firm closing date.. they didn't give any notification of extention)
Tarion has stated that it does not matter that they did not extend we cannot seek return of our deposit until the termination period ( Year and 3 months from now).

This all seems insane that we could potentially sit with NO CLOSING DATE for a full year and 3 months before we can claim for return of deposit.

ANY one have any insight here. Rather confused at this point.

Last edited by frustrated; 2011-09-02 at 06:22 PM.
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  #2  
Old 2011-09-02, 06:01 PM
bigfootryan bigfootryan is offline
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Who is the builder if you don't mind sharing?
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3 Bedroom Urbandale Pasadena - Bridlewood
Closing Dec 2012
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  #3  
Old 2011-09-02, 06:05 PM
frustrated frustrated is offline
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Stirling Bridge is the builder
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Old 2011-09-02, 06:32 PM
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good2know good2know is offline
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Your lawyer should know and be able to explain Tarion rules regarding delays.

I would ask Tarion what can be done to get a target date.
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  #5  
Old 2011-09-02, 06:44 PM
Yume Yume is offline
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And if your closing date has passed, you are entitled to delayed closing compensation, whether they gave you a new closing date or not.
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First closing date: June 30, 2011.
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