When a real estate developer doesn't honor his contract

When David Derk purchased a condominium at Renaissance Lofts in Rogers Park the developer’s buyback assure was an essential a part of the deal.

Derk had not too long ago relocated from Arizona after years spent caring for his dad and mom, and he wasn’t certain the situation, at a busy intersection, could be appropriate for him.

Traffic noise proved to be an issue for him, as did fumes from a close-by restaurant that aggravated his bronchial asthma. So, Derk exercised his contractual proper to have the developer purchase again his unit.

According to Derk, three scheduled cut-off dates handed with no clarification from Kopley Group, the developer — and no clarification for the failure to shut. Derk reluctantly filed swimsuit.

Real Estate

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