Massachusetts | Real Estate Law
Legal Question
lien
Recently built a home - P & S
agreement clearly states that our
deposit is due in full if builder does
not complete the home by a certain
date. The builder did not complete
the home by the specified date, or
anytime close to the date. They also
failed to renew the P & S agreement
with us to re-establish a later closing
date. We are no longer interested in
the home and seeking full return of
our money. They are claiming we
delayed the project. Decisions were
made promptly with the GC who is
also principal in the company. He
met with us many times and during
those meetings as well as on a daily
casual basis, implicitly agreed that we
did not hold up the project. He is now
going back on his word and in denial
of these meetings and conversations.
The overriding fact is that the
agreement expired before the home
was done and it is their responsibility
to file a new agreement, hence
setting a new closing date. We are
demanding our money back and wish
to place a lien on the property so that
they cannot sell it before we get our
money back.
Do we have the right to our deposit?
and how long does the lien process
take to file?
Thank you


