We were in a contract to sell 16 acres to a developer to put 34 house's on. Well he can not get the financing. So he is not going to be doing the approved subdivision.
My question is who owns the right to our plat? He has spent $40,000.00 plus his time on getting approval so he said the plat is worth something because with out it we just have raw land. We want to buy the plat but he wants $130,000.00. They never bought our land so we have another buyer can we sell it or will they not be able to do subdivision or repeat the entire process again? Need help soon!