Talk of The Villages Florida - View Single Post - Developers Responsibility RE Sinkholes and Disclosures
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Old 07-03-2012, 10:50 PM
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Default Forfeit

Quote:
Originally Posted by hotrodgirl View Post
I believe that until you have your design team meeting and give your 20% deposit, you may change your mind and either switch lots, purchase a spec home or a resale that is listed with TV. I actually did switch lots shortly after my initial deposit of 7500.00 solely based of the fact that I liked it better! No hassle, no problem. My agent drew up the necessary papers and all was done via e-mail. I don't believe you need to worry if you wish to change.
If you cannot make your build date and the one year date goes by you forfeit that lot and the money down goes to another lot plus a additional deposit which goes into escrow against the new home. Or correct me if wrong all?