2 Comments February 23rd, 2009

How can I get out of a Beazer Home Sales and Purchase Contract?

Yellow D asked:


I have a large deposit, $20,000 and would like to recover all or some.
The home is currently under construction in Florida.

This entry was posted on Monday, February 23rd, 2009 at 9:53 pm and is filed under Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

2 Responses to “How can I get out of a Beazer Home Sales and Purchase Contract?”

  1. Blaze Says:
    February 24th, 2009 at 1:57 pm

    find a good cheap lawyer to find the loopholes in teh contract or if you cant afford it try googling something about the contract im sure other people have tried to get out of contracts

  2. MeInUSA Says:
    February 25th, 2009 at 12:41 pm

    There is ALWAYS a way out of a real estate contract. Your best bet is to get a good real estate attorney to help you find the way to cancel the contract. It may cost a little but he will help you get most of your money back. If you are going to try and do it yourself then what you need to look for in the contract is something that allows you to cancel because a certain condition was not met by the seller or some other reason. For example if the contract says that the contract is conditional on you being able to get a $200,000 loan at 5 % or better and the best you are able to find is 6% then you can notify the seller that you have been unable to obtain a loan at 5% as id required in the contract (and provide proof from the lender) and as a result you have no choice but to cancel the contract. Another case may be for example if the contract gives you the right to inspect the title of the property .. you could obtain a preliminary copy of the title and make an issue out of something contained in the title ..for example a geological survey of the entire tract may have found low level radiation (common in many areas but harmless if low level)..you could say based on that finding you cannot go through with this and you have an issue with the title ..

    Pay careful attention to deadline dates in your contract .. if they don’t meet them then you might be able to cancel the contract because of that. DO check the contract to be sure that you don’t lose the deposit even if it’s not your fault ..a lot of home builders have seen it all and their contracts are written in their favor, so you could be in big trouble if that is the case ..