we signed a contract to build a new home, thru a home contractor. We went thru their mortgage company to receive the discounts and warantees, etc. They gave me a price over the phone that we could afford. They sent their opinion letter to ok the building and go on from there. We went to the design center already, and THEN recieved the good faith estimate which is much more than she quoted us in the first place. I told her our debts and that we wanted a no down, no closing cost loan. but in the good faith estimate its about 11,000 for closing costs (we don't have and cannot get) and 200+ a month over what she told us on the phone. What do we do? We cannot afford this home now, and they've already sent the plans to the city... Can we get out of this? Can they sue us if we do?
2006-10-09
08:17:58
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4 answers
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asked by
zadea
2
in
Renting & Real Estate