O
oldcards
Guest
A couple years ago, my wife and I bought a home in a subdivision in the State of Indiana. All of the homes in the subdivision were built by the same builder who was also the developer. The builder's marketing materials and sales folks stated that the homes in this subdivision started at a certain dollar amount and went up from there. When the subdivision was about 75% complete, the builder suddenly introduced a new line of homes which had a base price which was 25% less than the previous stated minimum price. While we found out later that there aren't any minimum price stipulations in the covenants, plats, etc..., could the marketing materials/communications be viewed as being legally binding in any way? Is there any legal ground or precendent to stand on to seek legal recourse against the developer/builder for reducing property values by their actions?