Ask Experts Questions for FREE Help !
Ask
    aidola's Avatar
    aidola Posts: 10, Reputation: 3
    New Member
     
    #1

    Feb 1, 2007, 03:19 PM
    Can the builder sue us for not buying the house?
    Me & my husband planned to build a house with a certain builder here in AZ. It was only a land that we agreed upon it will take months. To nearly a year to build a house. We paid earnest money aware that if we change our minds about the house, we won't have our earnest money back. Something happened along the way which led us to change our minds in buying the said house the builder started building; put the cancellation into writing as the builder required; this time they are suing us for not buying the house when they already had our earnest money. . Help!. we don't know the real estate law re; this. Thanks in advance!
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
     
    #2

    Feb 1, 2007, 03:23 PM
    A lot will depend on the contract but yes they can sue you for all their loses.

    Once you commit to a contract and they start building you can't just "change" your mind without paying him all the money he would lose. This can be much more than the earnest money.

    You need to get to a real estate attorney first thing in the morning and start working this out.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Buying a house [ 2 Answers ]

Is there a way to buy a house & land with bad credit & no money down? My husband & I haved lived in Iowa for four years. Now our landlords say we have to move so they can build a house here for there daughters. My husband works hard but we have a lot of bills two kids & a lot of animals so I do...

Buying a house [ 2 Answers ]

I am currently looking at buying a home and it's an older home that has been mostly updated. Except for of course, the plumbing. The basement still has the old cast iron pipes for the sewer... Would this be very expensive to replace. The house has about 1500 square feet of living space. I know...

Chapter 7 and buying a house [ 8 Answers ]

I filed chapter 7 in May of 05 and was discharged in July of 05. I have been pre approved for a 171,000.00 house. I am trying to get a FHA loan with no money down and 100% financing. I haven't met with the mortgage folks yet but my question is will my chapter 7 prohibit me from getting this house....

Buying a House [ 3 Answers ]

So my husband and I put an offer on a house. Since that time we have had the inspection and appraisal. Today we found out that not only was the previous owner letting his son stay there, but that there is actual damage caused by this person. What course of action do I have in this matter? Should or...


View more questions Search