Hi All,
Have just joined the forum in the hope of making contact with others who have had the misfortune to buy at Oakmont. We bought back in 2004, paid 10% deposit and have had nothing but problems ever since. Today we received the final nail the coffin newsletter from Superior basically saying we were unlikely to get our deposit back and encouraging us to buy at Regal Oaks instead (as if)!
A few thoughts:
I think its useful that we should all stick together but not as Superior and its lawyers suggest i.e. bailing out their Regal Oaks development.
Although some of us have recent contracts with Tousa, we orginally paid 10% to Superior House Investments. The contract did not allow the purchaser to choose to waive the option of an escrow account, since this option had already been selected by Superior in the contract documents contrary to State Law section 501.1375, Florida.
In their latest email Superior Investment state they are not bankrupt i.e. they have funds.
Finally the development site is owned by Superior (paid for with our deposits) not by Tousa. Could it not be resold?
Regards,
Graeme and Sheila
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