More specifically - If Seller does not achieve warrantable status by obtaining 51% of sales in a phase, which excludes Buyer to obtain mortgage financing with less than a 10% down payment, Buyer may elect to terminate the contract without default and all non-refundable deposits will be returned to buyer.
Answers (1)
Generally, a warrantable condominium is the one that has got the certification for selling to all the general public. In fact, this condominium should contain all types of amenities that fulfill all the requirements of all the people in quite an astounding way. Mostly, it has been found that a warrantable condominium provides the maximum number of condos for sale and all such condominiums deliver a full package of entertainment. For having any more detailed information, you may take the assistance of some proficient experts.