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April 13, 2010

1600 Museum Park Cancelling Contracts

Filed under: Uncategorized — admin @ 10:13 am

It appears that 1600 Museum Park is cancelling contracts; please see below from one of our agents. 

“A young couple came in Sunday at Astoria Tower looking for Two Bedroom condos. I started off asking them how they found us and if they were first time home buyers. They said they were and their agent sent them over from Baird & Warner and recommended our building. They quickly began to tell me their own story.

They put in an offer in and were under contract at 1600 Museum Park in the middle of February 2010. After going through all the work of getting a loan and having a closing date set up for this week, the surprise came. The seller’s attorney for 1600 MP called the buyers attorney last Friday and told them that they are cancelling the contract and returning the earnest money. No reason or excuse was given – they were exercising their right that was in the contract.

The Coldwell Banker agent (representing the seller) was totally confused and upset but told the buyer’s agent that this was not the first time.   From what she has heard, similar situations have occurred at other Museum Park properties.  Well, all in all I am writing up an offer on Tuesday night after they see the night time skyline view which is always a deal maker in the #06 N/W corner unit.”

4 Comments »

  1. This news is very disturbing since we have a contract at this building with a June 14 close date scheduled.

    Comment by Laura — April 13, 2010 @ 2:44 pm

  2. They had a massive pipe leak at the very top of the building that caused extensive damage.

    Comment by Him — April 19, 2010 @ 9:23 pm

  3. Nvm this was a different condo in the same area.

    Comment by Him — April 19, 2010 @ 9:25 pm

  4. This information would be a lot more useful if someone would explain WHY a developer, in this market, would be cancelling contracts just before they are due to close.

    Doesn’t make any sense.

    Comment by Jim McMillan — May 1, 2010 @ 3:14 am

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