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No Developer
Guest
I have purchased a lot zoned multi family from a developer. The developer was to develop this property and the lot next to it. The developer has now backed out of the deal and left myself and another person with seperate lot loans. He has also taken the pre approved plans. These mortgages are only good for two years with a balloon at the end. I am making the payment for now. I do not have the means, recources, or energy to develop the property. It is a bad climate for developing at this time. What can I do with my limited recources for damage control? Sincerely, NEED HELP.