Quote:
Originally Posted by Madman
I also don't think it's quite as simple as "walking away". The builder isn't just going to just shrug their shoulders and not do anything - you signed a contract and if you default on it, don't think there won't be repercussions.
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The repercussion would be that he would lose his deposit... Hard to say if there's anything beyond that, I wonder if a builder would have it in their contract so that it's not just the deposit, but the deposit plus any difference with market value (i.e. if it sold for $40,000 less than what it cost them to build it would they go after the extra $10k)?