Northpoint Condo Project Still Unresolved, East Cambridge Condos

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Northpoint Condo Project Still Unresolved

by Anthony Longo on 15 Jan 2008

by way of the BostonREB.

Here’s the latest, courtesy of a reader (on BostonREB).

The last notification I received didn’t even have a closing date assigned. They indicated that a date would be given to me once an occupancy permit was issued. The sales office seemed to think February, but they really have no clue.

The Sierra building looks totally complete, and I had actually been inside a couple of times.

Aside from the occupancy permit, it seems that there are some legal problems. A registry of deeds search on the seller – sierra plus tango llc – returns some good information on the multiple liens for both the Sierra and Tango buildings.

Another buyer I was in touch with told me that her mortgage broker found out that 15 of 30 buyers had gotten their deposits back already. This was before I backed out and I know of another buyer who should be out soon as well.

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Nearby Cambridge Condos include: Regatta Riverview, One First & Glass Factory

6 Comments »

Boston Legal » Northpoint Condo Project Still Unresolved said:

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# 15 January 2008 at 12:04 pm

Anonymous said:

I’ve been hanging on because it seems like a great place but also because I fear I won’t get my full deposit back. It seems, though, that the real date where I must agree to any further extensions is approaching (Feb 1st, I think), so I have to decide one way or the other fairly soon.

Advice?

# 15 January 2008 at 2:06 pm

Anthony Longo (author) said:

Yes we agree…its a gorgeous product. We love the floorplans and the unit interiors! I am sure you would get your full deposit back, but dont get me wrong, I am no attorney.

We are heading over their Friday…Ill feel it out for you. Stay tuned.

# 16 January 2008 at 1:01 pm

Northpoint Condo Project Still Unresolved said:

[...] Webmaster wrote an interesting post today onHere’s a quick excerptnorthpoint condo project east cambrdige. by way of the BostonREB. Here�s the latest, courtesy of a reader (on BostonREB). The last notification I received didn�t even have a closing date assigned. They indicated that a date would be … [...]

# 20 January 2008 at 3:34 pm

Buyer said:

It’s kind of pointless to sign a purchase agreement because they don’t really have any realistic closing date. Great place to go look at but again…wouldn’t sign.

# 27 January 2008 at 11:00 am