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Home did not meet value, how can I get out of this town home purchase contract?
Published December 31, 2010
Question by Bill D: Home did not meet value, how can I get out of this town home purchase contract?
Entered into agreement to purchase townhome 12 months ago, home is finished but appraised for 40k under purchase price. Builder states that that its not his problem and I need to pay the 40k out of pocket and close on time or he will not only keep my 11k deposit, but file suit against me for non-performance. Big builder, uses his own contracts, no appraisal clause.
Best answer:
Answer by comengetitnow
Call a lawyer. Stat.
What do you think? Answer below!