I live in North Carolina.
Last night I wrote a check as a deposit on a new (yet-to-be-built) tract home (big builder). I want to back out. The paperwork has not even been sent to the corporate office. I told them they have to wait until at least Friday before attempting to deposit the check as there are electronic funds that have to be transferred. My buyer's remorse set in a mere 3 hours after I signed the papers. I left an urgent phone message late last night to the sales office, sent a FAX as well, and will call again this morning. The actual agent I worked with is out until Monday.
I can't find any information about a "72-hour backout clause" in my state.
Are they going to sue me for the $2,500 deposit now? Again, the funds are not in their posession so they would have to go to the trouble of suing to get the money.
I can't be the only person who signed a contract then immediately backed-out, right?
So what's the score...will they go after me now?
Last night I wrote a check as a deposit on a new (yet-to-be-built) tract home (big builder). I want to back out. The paperwork has not even been sent to the corporate office. I told them they have to wait until at least Friday before attempting to deposit the check as there are electronic funds that have to be transferred. My buyer's remorse set in a mere 3 hours after I signed the papers. I left an urgent phone message late last night to the sales office, sent a FAX as well, and will call again this morning. The actual agent I worked with is out until Monday.
I can't find any information about a "72-hour backout clause" in my state.
Are they going to sue me for the $2,500 deposit now? Again, the funds are not in their posession so they would have to go to the trouble of suing to get the money.
I can't be the only person who signed a contract then immediately backed-out, right?
So what's the score...will they go after me now?
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