New Home Purchase restrictions
I am an old timer here in the Villages and am shocked to learn what my daughter is going through trying to buy a new house in Brownwood.
A $2,500 non-refundable deposit.
10% of the house purchase price due within 7 days, which is non-refundable if her mortgage doesn't get approved.
And, she can't sell within a year and earn any profit on it - any profit would all go back to the developer.
Shame on them. The father would have never done this to us old timers! I knew they'd get greedy after he died.
Anyone else find these clauses immoral?
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