Builder Cancels Purchase Contract On Closing Day

My daughter and SIL signed a contract to buy a new house (almost completed). Should have been easy – but so many little issues. House failed county code inspections. Had to add outlets. They painted the house the wrong color, and agreed to repaint but only did one coat. Stupid stuff. Builder kept insisting this was a speck house and he didn’t need to do anything. Builder very difficult to deal with. The day of settlement builder sends a letter canceling the contract, asking them to sign. House locked and empty of workers. Completely non-responsive. That was 2 days ago. Crickets. They’re guessing there is another buyer. Builder and his agent are no where to be found.

This is a big expensive brand new house in a quiet smaller college town in VA.

Can builder do that? Is there recourse? There are real estate agents, title lawyers, the lender involved. They are trying to find them another house (they HAVE to move very soon as a new job is starting). They’re being advised not to hire an attorney. Told even their earnest money may not be refunded. I’m not involved – this is their thing – they’re not kids and they’re not asking for my help. But I’m just flabbergasted. Would love to give them a tip that helps!

Thanks Reddit for any thoughts / insights. Is this builder within his rights? Any suggestions?

submitted by /u/Captain-Popcorn
[link] [comments]

My daughter and SIL signed a contract to buy a new house (almost completed). Should have been easy – but so many little issues. House failed county code inspections. Had to add outlets. They painted the house the wrong color, and agreed to repaint but only did one coat. Stupid stuff. Builder kept insisting this was a speck house and he didn’t need to do anything. Builder very difficult to deal with. The day of settlement builder sends a letter canceling the contract, asking them to sign. House locked and empty of workers. Completely non-responsive. That was 2 days ago. Crickets. They’re guessing there is another buyer. Builder and his agent are no where to be found. This is a big expensive brand new house in a quiet smaller college town in VA. Can builder do that? Is there recourse? There are real estate agents, title lawyers, the lender involved. They are trying to find them another house (they HAVE to move very soon as a new job is starting). They’re being advised not to hire an attorney. Told even their earnest money may not be refunded. I’m not involved – this is their thing – they’re not kids and they’re not asking for my help. But I’m just flabbergasted. Would love to give them a tip that helps! Thanks Reddit for any thoughts / insights. Is this builder within his rights? Any suggestions? submitted by /u/Captain-Popcorn [link] [comments]

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