Although we clearly told the salesperson, Niki, that we would need to obtain a mortgage the agreement that was faxed to us did not state this. We never read the faxed agreement and just signed it and send it back assuming that the financing contingency was there and how hard would it be to get a mortgage? Guess when she told us that we don't use lawyers in Florida to close real estate, I should not have listened and had a lawyer reveiw it.
In fact Niki now tells us in an e-mail after we can not get financing "Our standard contract is a cash contract-it does not vary if one needs financing or is paying cash." Let me get this right even if we tell them we need to get financing the contract that they fax will be a cash contract ? Buyer beware!!!
Although we have never been denied a mortgage in our life, we can not get a mortgage at City Palms and now have lost $5,000. I want to caution anyone looking at this development to not sign their "standard contract" if they need financing.
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