Home Buying in San Ramon>Question Details

Mnhr, Home Buyer in sanramon

i have got laid off recently Now builder refuse refund the deposit . Is there any way i get back money?

Asked by Mnhr, sanramon Fri Dec 5, 2008

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9
You should be able to contact the California Bar association for a lawyer who will act pro bono (no cost to you) to assist you in your situation. you should have had a mortgage contingincy which without a job can not get and should be able to get your deposit back based on that. good luck with working things out
Web Reference: http://www.ScottSellsNH.com
0 votes Thank Flag Link Mon Dec 8, 2008
My friend were under similar situation where she had to back out of a signed contract (not because of losing job) because the construction crew discovered an ancient bomb that was used in WWII on the construction site. My friend found out from the news about this and approached the builder, though the builder did not disclose the exact location of the bomb, it worried my friend enough that they wanted to back out. Needless to say, the builder refused to do so and pointed to the contract.........Well, things changed after my friend spent a little more than a thousand dollar (well worth it) to have an attorney send the builder a letter about this, and also tell the builder that we have network that can expose how they handled this case to the media (we do). The builder eventually refunded all the deposit back to my friend and case is closed.

I think you have a even more legitimate reason to ask for a refund, as other realtor pointed out that you won't have a job, and thus shouldn't qualified for a loan now.....Find a good real estate attorney to help you out, the small amount of money that you need to pay the attorney should be well worth it (comparing with what you'll lose)....Good Luck! God bless your family.
0 votes Thank Flag Link Mon Dec 8, 2008
My friend were under similar situation where she had to back out of a signed contract (not because of losing job) because the construction crew discovered an ancient bomb that was used in WWII on the construction site. My friend found out from the news about this and approached the builder, though the builder did not disclose the exact location of the bomb, it worried my friend enough that they wanted to back out. Needless to say, the builder refused to do so and pointed to the contract.........Well, things changed after my friend spent a little more than a thousand dollar (well worth it) to have an attorney send the builder a letter about this, and also tell the builder that we have network that can expose how they handled this case to the media (we do). The builder eventually refunded all the deposit back to my friend and case is closed.

I think you have a even more legitimate reason to ask for a refund, as other realtor pointed out that you won't have a job, and thus shouldn't qualified for a loan now.....Find a good real estate attorney to help you out, the small amount of money that you need to pay the attorney should be well worth it (comparing with what you'll lose)....Good Luck! God bless your family.
0 votes Thank Flag Link Mon Dec 8, 2008
My friend were under similar situation where she had to back out of a signed contract (not because of losing job) because the construction crew discovered an ancient bomb that was used in WWII on the construction site. My friend found out from the news about this and approached the builder, though the builder did not disclose the exact location of the bomb, it worried my friend enough that they wanted to back out. Needless to say, the builder refused to do so and pointed to the contract.........Well, things changed after my friend spent a little more than a thousand dollar (well worth it) to have an attorney send the builder a letter about this, and also tell the builder that we have network that can expose how they handled this case to the media (we do). The builder eventually refunded all the deposit back to my friend and case is closed.

I think you have a even more legitimate reason to ask for a refund, as other realtor pointed out that you won't have a job, and thus shouldn't qualified for a loan now.....Find a good real estate attorney to help you out, the small amount of money that you need to pay the attorney should be well worth it (comparing with what you'll lose)....Good Luck! God bless your family.
0 votes Thank Flag Link Mon Dec 8, 2008
I'll make sure that all my clients not buy a Centex home...such a shame that big business needs to do this to clients.
0 votes Thank Flag Link Fri Dec 5, 2008
Mnhr.

This is definately a situation for a good real estate attorney.
0 votes Thank Flag Link Fri Dec 5, 2008
Mnhr:

Contact a good real estate attorney. If you cannot proceed with your loan as a result of no job, then most builders will work with you. Let me know if you need a referral.

carl@carlmedford.com
Web Reference: http://www.carlmedford.com
0 votes Thank Flag Link Fri Dec 5, 2008
The famous Builder (Ce...x) didnt allow agents and this was signed long back thnking in good faith to buy home. Unfortunately lost job , lost 401k, When spoke to Builder he is referring to the contract which was signed where we loose :-( if walked out.
0 votes Thank Flag Link Fri Dec 5, 2008
You need to negotiate with builder based on hardship. If the contract specifies no refund, rather getting into
a shouting contest, asking the builder what it has costed him. Assuming he is willing to meet halfway, you got
a partial refund and the trouble to go into a default yourself. Good luck.
0 votes Thank Flag Link Fri Dec 5, 2008
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