Hi, I entered into a land contract about 18 months ago. At this stage the land was meant to be titled 3 months after. It was delayed for more than a year. During this period I had to get formal finance approval twice because it had expired every 6 months.
Now the land is titled but the banks will not give me finance approval because of changes to my situation and lending criteria changes.
My question is, can the land developer hold me to the contract if I am no longer able to get finance under Property Law?
Now the land is titled but the banks will not give me finance approval because of changes to my situation and lending criteria changes.
My question is, can the land developer hold me to the contract if I am no longer able to get finance under Property Law?
