Results 1 to 2 of 2
  1. #1
    Join Date
    Sep 2004
    Posts
    758

    Default Breach of Real Estate Sales Contract by Owner / Builder

    Owner/builder offered house under construction for sale, accepted offer, signed contract, opened escrow, now wants to renegotiate purchase price of home to be increased due to (owners own wording) "construction costs exceeding his estimates" and wants to pass those additional costs on to buyer. Escrow was to close on 11/15/04 by contract. Now owner wants to extend to 1/15/05 and doesn't want to pay the additional extension fees from lender.

    Please advise as to the legality of this. This was an agreement between Remax Gold Realtors and seller.

  2. #2
    Join Date
    Sep 2004
    Posts
    758

    Default The Contract Should Rule

    If these contingencies are not permitted by the contract between the buyer and the builder/seller, the builder is probably out of luck.

    1. Sponsored Links
       

Similar Threads

  1. Chapter 13: How Does Bankruptcy Affect a Co-Owner of Real Estate
    By jnl in forum Bankruptcy Law
    Replies: 5
    Last Post: 01-28-2011, 02:26 AM
  2. Business Disputes: Breach of Contract by Home-Owner
    By new2this in forum Business Law
    Replies: 1
    Last Post: 06-06-2010, 10:36 PM
  3. Purchase Contracts: Assignment of Real Estate Purchase and Sales Agreement
    By AJJ in forum Buying, Selling and Conveying Real Estate
    Replies: 2
    Last Post: 02-18-2010, 10:02 AM
  4. Chapter 13: Chapter 13 and Real Estate Sales
    By Billy53210 in forum Bankruptcy Law
    Replies: 2
    Last Post: 04-22-2007, 02:51 PM
  5. Premises Liability: Real Estate Owner Liability
    By wvman in forum Accidents and Injuries
    Replies: 2
    Last Post: 10-22-2006, 04:24 PM
 
 
Sponsored Links

Legal Help, Information and Resources