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Old 08-22-2013, 07:06 PM
 
14 posts, read 17,033 times
Reputation: 10

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I started the home building process in March with an expected finish date of early Sept. The builder has not even started building yet and I've spoken with them about paying a lender to lock in the rate but they wanted me to pay for half which just isn't possible for me. I informed that the increase in interest rate may price me out of the home. They refused to pay to lock in so I told them that we can just go on with the home build and if I can't afford it at the end of the line because of rising interest rates then they could keep my earnest money as the contract suggest. And told them it was in their best interest to pay the lock in or give me my earnest money back and build the home the way they choose to, instead of with my specific tastes.

The entire process has gone south and they are refusing to return my earnest money. So I wanted to know if anyone could recommend a good real estate attorney in Fort Worth for me to begin the legal process of forcing them to return my earnest money.

Thank you in advance everyone.
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Old 08-24-2013, 02:13 PM
 
17,065 posts, read 2,333,233 times
Reputation: 28275
I still do not understand your issue.
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Old 08-24-2013, 04:19 PM
 
14 posts, read 17,033 times
Reputation: 10
Quote:
Originally Posted by Threestep View Post
I still do not understand your issue.
My issue was the builders were unwilling to continue building unless I went to their lender and get another preapproval letter. The problem is every time I get a preapproval they have to do a hard inquiry and since I was hovering around the 704 area that could likely lower my score to the 690s and that is a different interest rate bracket.

I told the builders I would not do that and they said they would keep half of my earnest money unless I got a preapproval letter from their lender and that I was in breach of contract. None of this turned out to be correct or fair and Patrick handled it pretty well and fast.
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