Q: Q: This question pertains to a $25,000 Total Deposit that was given to a Builder for Securing a future lot in a New Comn
We were interested in securing a specific lot location ~ but the LOTS turned out differently after the land was graded~ so the New Home Sales Rep recommended another lot & said he would transfer the funds. We were on Military Travel Assignment overseas & would not return for a few weeks & he sent us the Documents to sign in order to hold the newly selected lot. Unfortunately ~ we signed the Documents on Docu-Sign & did not have the chance to review ALL of the information until we recently returned from the trip & we discovered some things we did not like in the contract & then realized the problem with the position of the house onthe new lot. The Docs were signed on 27Jul 2018 & we have just contacted the Builder to let them know & they told us that our $25,000 deposit is in jeapordy. NO construction has started on this lot & the ONLY information we received we rcvd
Were the Emailed Docs that required a Docu Sign on the email without a lot Pln. Thank You kindlyfor any help&advice !
A:
It looks like you have asked this question repeatedly. You only need to ask it once; when someone feels that he or she can give you a helpful answer, he or she will answer it.
As I understand your question, the builder has informed you that your $25,000 deposit " is in jeapordy (sic)". For that kind of money, you had best consult with an attorney, show him or her all of the paperwork, and have the attorney take steps to protect your investment.
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