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Updated about 8 years ago,
Detroit turnkey provider did not finished renovation 1 year after
Hi,
I bought a "turnkey" property in Detroit more than 16 months ago from a mid-size provider. When I bought it, the rehab was close to be finished, I left $10K in escrow that would be exchanged after the property was done and inspected. Now more than 1 year passed and they company did not finish the rehab. Apparently there are some problems with the utilities that prevents them to work on the property.
The seller committed to pay my rent even if the property was not rented (rental warranty) but after few months paying rent he stopped doing it. Every time I talk to him he has good words and promise the property will be done in 2 weeks but then nothing happens. What else can I do? (I am out of State)
Thanks so much!