Friday, April 1, 2011

Judge: The Vue can't force condo buyers to close

Judge: The Vue can't force condo buyers to close: "(By Kerry Hall Singe, ksinge@charlotteobserver.com) In a setback for the Vue uptown condo tower, a judge ruled this week that the developer can keep only a deposit from buyers who signed contracts but can't force them to close on their units.

The developer of the 51-story Vue, struggling to close on condos in a weakened market, has sued at least 10 buyers, claiming they breached their contract to buy units."