I contracted with Hovnanian to have a new home built in a sub-division in Vineland NJ. I have another home in Ocean County NJ that I have to sell in order to buy the new Hov home. I was told at the time I put a $15K deposit on the new house that if I was unable to sell my existing home that I would not qualify for the mortgage on the new home - and therefore I would be released from the contract and my deposit would be returned. It was going to take almost a year to build the new house so I had that long to sell my existing home. With times as they are I have been unable to sell my house and now the new one will be ready shortly. I called them to tell them it was not looking good because I've not sold my home. They said if I don't take delivery of the new house they will keep my $15K deposit and may even try to get more out of me! The lady that told me the original story no longer works there and I have nothing in writing. Can they do this? This doesn't sound legal!! HELP!!!
2007-12-04 06:21:23 · 5 answers · asked by Doogie 3 in Business & Finance ➔ Renting & Real Estate
Read your contract. Have your real estate agent read the contract. Have your real estate attorney read the contract. Let us know what you find out because verbal contracts are binding if you can prove them. Written contracts are much easier to prove because judges can read them.
2007-12-04 06:32:56 · answer #1 · answered by William H 5 · 0⤊ 0⤋
What did you sign to hold you to this property? You may be loosing $15k . I would definately sit down with an attorney. They seem to be holding you to something. It's always best to take the time and read everything before you sign it. Check out the contingencies 1st.
2007-12-04 07:01:22 · answer #2 · answered by Coco 3 · 0⤊ 0⤋
Oh good you would not wish the FACTS to get in the best way of your loony proper-wing diatribe now could you? Did you ever learn the facet that this "parcel" of land used to be truthfully a "strip" of land? Did you ever learn the facet in which Obama paid bigger than the appraised importance of that strip of land? Did you ever learn the facet in which he handiest purchased a small component to the ajoining lot? did you ever learn the facet approximately Obama publicly apologizing for buying concerned in industry with Rezko, as an errors in judgment? No, I wager you did not.... Behold, every body, the scholarship, diligence and thoroughness of a different proper-wing hatchet task!!!!
2016-09-05 20:56:56 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You gave them $15,000 with NOTHING in writing ???? Oh di mama. It's time for you to contact a qualified real estate attorney. You MIGHT be in for a MAJOR surprise. Do not delay.
2007-12-04 06:29:09 · answer #4 · answered by acermill 7 · 0⤊ 0⤋
Verbal contracts are generally NOT valid with any disputes pertaining to real estate. You need to see what you have in writing...
2007-12-04 06:38:12 · answer #5 · answered by Slassy Girl 6 · 0⤊ 0⤋