Saturday, September 8, 2007

Coming This Week...HOW TO DRAW AGAINST YOUR DEVELOPER'S BOND MONEY AT DCRA

While this isn't the usual blog, I have recently been in communication from a past buyer who purchased at the Basilica Lofts, by Macy Development. My client has had nothing but trouble having Macy come back to fulfill their punch list items as agreed at settlement and in my opinion has had nothing but patience in dealing with the matter.

As a result I am going to be publishing a link on my blog this week describing EXACTLY how to file a draw against the bond money on file with DCRA. As a point of reference, the money is only available for the first two years after the initial purchaser settles on the condo as the first owner of the unit and the bond transfers to new owners.

Stay tuned, at some point I can only foresee that many of you out there will be needing this information.

As an aside, we never UNDER ANY CIRCUMSTANCES stand for a client with such disregard for not only their consumer base but for buyers who have purchased units in their building. What has been going on with Macy should not be stood for by anyone, anytime.

20005

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