Philadelphia Real Estate Helpful News and Views : Pennsylvania: Bristol

Bristol Borough Waterfront Community News Pennsylvania

buying new construction

Bristol Borough Waterfront Community News Pennsylvania

Here is an interesting article I read in  The Intelligencer; 4/17/2017   This is something I think everyone buying new constuction  shoud be aware of . Somethimes buyers  become overly trustworthy . In this circumstance the buyers needed to seek legal representaion and go through the court systems    .  It also seems this needs and is being investigated further .

 

 

Bristol Borough developer ordered to return deposits
Two people who placed deposits to buy townhouses in a Bristol Borough development have been awarded their money back by Bucks County Court arbitration panels. One unnamed client was awarded $30,990 for funds put down in October and November 2015 for a home in the Island View Crossing community. The home was supposed to be finished in a year, but the site is still an empty lot, said Don Marshall, attorney for the client.

 

A second buyer was awarded $27,250 by a different arbitration panel for deposits and related costs. The developers of Island View Crossing are also involved in suits with their lender, Prudential Savings Bank of Philadelphia, that are being litigated in both Bucks and Philadelphia Courts of Common Pleas.

The developers’ attorney in the bank case said in an email, “Island View has been working hard to find a new lender to get the project moving forward again. We believe that Island View is making significant progress in that regard and hope to have more to report on that very soon.” According to online record, other lawsuits involving Island View are making their way through the courts.
Source: The Intelligencer; 4/17/2017

 

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Comment balloon 18 commentsHannah Williams • April 21 2017 03:50PM
Bristol Borough Waterfront Community News Pennsylvania
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Bristol Borough Waterfront Community News Pennsylvania Here is an interesting article I read in The Intelligencer; 4/17/2017 This is something I think everyone buying new constuction shoud be aware of Somethimes buyers become overly… more
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