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Building a home - Builder misleading and just saw terms in contract I dont like.

This is a discussion on Building a home - Builder misleading and just saw terms in contract I dont like. within the Construction & Renovation forum, part of the REAL ESTATE & PROPERTY LAW category; I live in Wisconsin. I just started to enter into a contract to build a home. The builders salesman has ...

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Old Apr 9th, 2008, 07:01 PM   #1
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Default Building a home - Builder misleading and just saw terms in contract I dont like.

I live in Wisconsin. I just started to enter into a contract to build a home. The builders salesman has mislead us by telling us that we would get upgrades as a result of building a "Parade Home". No work has started on the home as the load limits are on the road and no heavy equipment can move.

Every time we want something upgraded he asks for a change order. I was lead to believe that we would not own the home until the home was finished. They asked me to do a bridge loan and I signed some papers that I thought were just the agreement to do the bridge loan and some warranty items.

2 hours after I signed the papers I got home and saw some items I didnt like in the contract. I immediately contacted the salesman who was there when I signed them and told him to get a hold of the owner asap and tell him I dont agree with the terms.

I put down $3,000 and at this point want to get out of the contract.

Do I have any recourse to get my 3,000 back and get out of the contract. I dont think they have spent any money on anything yet.
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Old Apr 11th, 2008, 09:07 AM   #2
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Default Re: Building a home - Builder misleading and just saw terms in contract I dont like.

You can argue that you have not been satisfied.

Their damages should be limited so they would normally hve to refund you most of the fees in any case if you cancel.
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Old Oct 6th, 2009, 03:06 AM   #3
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Default Re: Building a home - Builder misleading and just saw terms in contract I dont like.

I agree with the views of the Olive.You will get you refund amount if the contract got canceled.
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