[AngieT2]

Need help from those much more experienced than I on these matters...

We currently have a $7500 to hold a Premier Lot. Just found out that due to my husband not moving out there (he is a San Diego Police Officer and has about 6 more months to work before he can retire), that we may not be able to obtain financing (even as a 2nd home and with PERFECT credit scores, good assets, etc.).

Of course, our sales rep is telling us that the $7500 will be lost if we do not move it to another lot or standing inventory home (cannot use it for a resale).

My question to those who might know, or who have had similar experiences, WILL THE VILLAGES REALLY KEEP MY MONEY if I cannot get financing (yes... I am 100% aware that this is what the contract says...that's why I am asking what 'really' happens.

In my mind, no home has been started, so the developer really isn't damaged. The lot is the least expensive Premier Home lot, so it should be resold in no time at all. Where are the damages?

Thanks for any and all feedback. We are more than devastated over this news!

The positive side (and the ONLY positive side) is that we will probably end up paying cash for a smaller Designer Home and just work hard to build up the retirement nest egg, once again.

Thanks so much .... We are so excited to join you all shortly!

Angie