Thankyou for your reply. When I signed the contract I asked the builders agent what would happen if I backed out before closing and she just said that I will lose the earnest money since it was an inventory home and I would have lost more had I built a new home with them. Ofcourse I didnt have...
I signed up to buy an inventory home from a builder. 2 Months later due to economic reasons I decided to backout of the contract even though I qualified for the mortgage. I notified the builder 1 week before closing of my decision to backout. The builder is now suing me for specific...