Washington  |  Real Estate Law

Legal Question

Asked on: 8/21/09, 12:45 am

So I live in a neighborhood of about 31 lots. The current builder has built and sold about 20 of these 31 lots. All homes are currently being lived in and have for over a year. Because 80% of the lots have not been sold, the Builder of our homes, acts as the Home Owners Association. Anyways, about a month ago, there were for sale signs on all the lots that have not yet been built on. Come to find out, our current builder sold these to a very cheaper builder, and they plan on building 260.000. homes, in a neighborhood were everyone had spent over 430,000. Does our builder have a conflict of interest being the owners of the property and the Home Owners Assoc.? They never even came to us telling us anything about what was taking place. Do we have a leg to stand on, or are we just out of luck. Any help and direction would be greatly appreciated.

Thanks,

Mr. Weber

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