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Updated about 4 years ago,
Will We Have to Pay Out of Pocket for Village Repairs?
We recently purchased our first home in August. There were village
repairs that needed to be done to our home in which the seller put money in escrow to cover the cost. We used the contractor that was working with the seller in hopes that he can get things done in a timely fashion. Long story short, we had to get our deposit back from the seller's contractor as he was not as transparent as we wanted him to be.
He claimed to have applied for permits the day he got our deposit (in
September) and come to find out he did not apply for permits until
10/09/2020. Our deadline to get things done was 10/27/20.
After calling several contractors, some who were licensed through the village, and some who were in the city, we found a contractor who came as close to the seller's contractor's bid. I am concerned if we would be responsible for the overage of $1200. Will the seller have to add more money into escrow? What are our options?