Problem w/Dealer set up (long story)
Posted: Tue Jan 10, 2006 3:17 pm
In June we signed a contract to purchase a Homes of Merit Double wide and 2 ½ acres plot of land to place it on. All financing was approved and completed and we closed on a “construction loan” on July 12, 05, it was a doulbe closing, so a good deal of money was paid in closing costsnot to mention a considerable down payment. The construction loan was to be completed by Nov 12, 05. We have had a constant communication problem with our sales person, and when we try to speak with anyone else, we are told she is the only one we can talk with.
Nov 19, 05 (the construction loan completion date) came and passed, no home delivered, no well, no septic. Nothing done by dealership they were to do all the set up incl. Septic, & Well,( we had already paid our own person to clean the land and put in pad and driveway.). We had been speaking to our sales person every week and got differing stories each time we called. We had to apply for a 30 day extension on the construction loan. Dec 19th came and passed, another extension on the construction loan. Now the 2nd extension on the loan is almost up, and the home is finally in place, trimmed out inside and out, but still not skirted, the well still has no pump nor is it connected to the home, and no electric lines to the well. We have already contacted the power company and they will hook up the power to the home as soon as the dealer gets the CO.
After talking to the lender, we were told that with this dealer, she often sees people who have to gett extensions for the loans 8-9 times. She said she had talked to the sales person yesterday and her understanding is the home still is not close to being done. We can't deal with the frustration of dealing with this sales person any more. We have repeatedly caught her in lie after lie, but don't want to go into any more detail here.
We cannot afford to keep paying money out on the construction loan and pay the mortgage on the house we are living in. Our saving are virtually being wiped out. In addition to the down payment and closing costs for both loans, We have paid for 6 months of interest on the constrution loan, 6 month of "homeowners" Insurance and flood insurance. We can't sell our present home yet, as we would not have anywhere else we could live. We have no idea how much longer it will be, and don't know what else we can do. When we call the dealer, we just get the run around. We can’t get a time line as to when the home will be done, or an answer to what else may need to be done. We don't know what we can do at this point. At this point all we want is to get the house done and move in.
Any advise would be appreciated.
Nov 19, 05 (the construction loan completion date) came and passed, no home delivered, no well, no septic. Nothing done by dealership they were to do all the set up incl. Septic, & Well,( we had already paid our own person to clean the land and put in pad and driveway.). We had been speaking to our sales person every week and got differing stories each time we called. We had to apply for a 30 day extension on the construction loan. Dec 19th came and passed, another extension on the construction loan. Now the 2nd extension on the loan is almost up, and the home is finally in place, trimmed out inside and out, but still not skirted, the well still has no pump nor is it connected to the home, and no electric lines to the well. We have already contacted the power company and they will hook up the power to the home as soon as the dealer gets the CO.
After talking to the lender, we were told that with this dealer, she often sees people who have to gett extensions for the loans 8-9 times. She said she had talked to the sales person yesterday and her understanding is the home still is not close to being done. We can't deal with the frustration of dealing with this sales person any more. We have repeatedly caught her in lie after lie, but don't want to go into any more detail here.
We cannot afford to keep paying money out on the construction loan and pay the mortgage on the house we are living in. Our saving are virtually being wiped out. In addition to the down payment and closing costs for both loans, We have paid for 6 months of interest on the constrution loan, 6 month of "homeowners" Insurance and flood insurance. We can't sell our present home yet, as we would not have anywhere else we could live. We have no idea how much longer it will be, and don't know what else we can do. When we call the dealer, we just get the run around. We can’t get a time line as to when the home will be done, or an answer to what else may need to be done. We don't know what we can do at this point. At this point all we want is to get the house done and move in.
Any advise would be appreciated.