How to backout from toll brothers contract (HOA, lawyer)

[patti47]

Did you close the house?

[rebecca3359]

Toll Brothers nor any other Builder are door to door salesmen. The people who purchase new homes came to these Builders' and their Models. They sign a contract, and may I again point out, it is a CONTRACT. These are adults who make an informed decision knowing the risks, period. They sit through a 3-6 hour contract appointment. They get an idea of when their home will deliver. They pick their options, go to the Design Centers. Visit their home under construction. No one twisted their arms to purchase. Every one got greedy. There is no one individual company or person that the change in the market can be blamed on. The Builders and those selling their own homes took advantage of the inflated market. Lenders took the chance to create new loan programs to accomodate the wants. People purchasing chose to bid up homes or purchase a home they couldn't really afford and some Realtors helped them do it. No one had a crystal ball to predict the change in the market. No Builder makes their profit on deposits. Believe me, no Builder makes their money on keeping deposits. Don't they have the right to recover some of the out of pocket costs that were used to start the construction of a home? Toll Brothers, Centex, Lennar, etc are builders that are traded on the NYSE. They have stock holders and investors they are accountable to. At what point do people stop pointing fingers and start doing something about fixing the problem. How about blaming the media on creating the fear and basically predicting this change??? If you are grown up enough to enter into a contract, then be grown up enough to accept the consequences if something changes or happens.

[arabellava]

Originally Posted by rebecca3359

Toll Brothers nor any other Builder are door to door salesmen. The people who purchase new homes came to these Builders' and their Models. They sign a contract, and may I again point out, it is a CONTRACT. These are adults who make an informed decision knowing the risks, period. They sit through a 3-6 hour contract appointment. They get an idea of when their home will deliver. They pick their options, go to the Design Centers. Visit their home under construction. No one twisted their arms to purchase. Every one got greedy. There is no one individual company or person that the change in the market can be blamed on. The Builders and those selling their own homes took advantage of the inflated market. Lenders took the chance to create new loan programs to accomodate the wants. People purchasing chose to bid up homes or purchase a home they couldn't really afford and some Realtors helped them do it. No one had a crystal ball to predict the change in the market. No Builder makes their profit on deposits. Believe me, no Builder makes their money on keeping deposits. Don't they have the right to recover some of the out of pocket costs that were used to start the construction of a home? Toll Brothers, Centex, Lennar, etc are builders that are traded on the NYSE. They have stock holders and investors they are accountable to. At what point do people stop pointing fingers and start doing something about fixing the problem. How about blaming the media on creating the fear and basically predicting this change??? If you are grown up enough to enter into a contract, then be grown up enough to accept the consequences if something changes or happens.

One post - and this is the only one- wow- work at Toll Brothers or some other constructions company?

This thread is for people who truly were trying to help someone who financially cannot afforf the house...

[shoboo75]

Originally Posted by rebecca3359

Toll Brothers nor any other Builder are door to door salesmen. The people who purchase new homes came to these Builders' and their Models. They sign a contract, and may I again point out, it is a CONTRACT. These are adults who make an informed decision knowing the risks, period. They sit through a 3-6 hour contract appointment. They get an idea of when their home will deliver. They pick their options, go to the Design Centers. Visit their home under construction. No one twisted their arms to purchase. Every one got greedy. There is no one individual company or person that the change in the market can be blamed on. The Builders and those selling their own homes took advantage of the inflated market. Lenders took the chance to create new loan programs to accomodate the wants. People purchasing chose to bid up homes or purchase a home they couldn't really afford and some Realtors helped them do it. No one had a crystal ball to predict the change in the market. No Builder makes their profit on deposits. Believe me, no Builder makes their money on keeping deposits. Don't they have the right to recover some of the out of pocket costs that were used to start the construction of a home? Toll Brothers, Centex, Lennar, etc are builders that are traded on the NYSE. They have stock holders and investors they are accountable to. At what point do people stop pointing fingers and start doing something about fixing the problem. How about blaming the media on creating the fear and basically predicting this change??? If you are grown up enough to enter into a contract, then be grown up enough to accept the consequences if something changes or happens.

Gosh, this person obviously works for Toll. It is this exact arrogant attitude of Toll Brothers Sales people that drove us away from them.

[mojo_1979]

Originally Posted by rebecca3359

How about blaming the media on creating the fear and basically predicting this change???

LOL...

Yes the media caused the housing bust !! It had nothing to do with the guy who makes $25k a year buying $500k houses with $0 down interest-only loans !!! If it weren't for that darn media, this guy would have plenty of money to pay off this loan !!! It's simple logic really...

[VRE332]

shes right about the contract part. If you can't afford it, It's not up to taxpayers to bail you out. It's your own fault for getting into your own craphole

[rebecca3359]

If you are out looking for a home in the $500's while only making $25,000 a year...who's the idiot?

So, being well informed about the process of buying a new home makes me arrogant?

The assumption that I work for Toll is a compliment. It means that all the research and work I did before I bought a home made me well informed consumer. Maybe I should forward my resume to Toll. If being sick and tired of people trying to find someone else to blame for their poor decisions makes me arrogant, I accept that compliment as well.

Negative articles, scary news stories, constantly hearing that the housing market is falling apart certainly generates fear. Unfortunately, it causes fear in those that can afford to buy houses and they're not. This affects the market. So yes, the media can claim some of the blame for the down turn in the housing market. The rest we'll just put back on the $25,000 a year "idiot". Oh, I forgot, this "idiot" is blaming everyone else.

[mojo_1979]

Originally Posted by rebecca3359

If you are out looking for a home in the $500's while only making $25,000 a year...who's the idiot?

So, being well informed about the process of buying a new home makes me arrogant?

The assumption that I work for Toll is a compliment. It means that all the research and work I did before I bought a home made me well informed consumer. Maybe I should forward my resume to Toll. If being sick and tired of people trying to find someone else to blame for their poor decisions makes me arrogant, I accept that compliment as well.

Negative articles, scary news stories, constantly hearing that the housing market is falling apart certainly generates fear. Unfortunately, it causes fear in those that can afford to buy houses and they're not. This affects the market. So yes, the media can claim some of the blame for the down turn in the housing market. The rest we'll just put back on the $25,000 a year "idiot". Oh, I forgot, this "idiot" is blaming everyone else.

So, should the media not report that prices are falling faster than they ever have since the Great Depression? Is this news not worthy of being reported? How about the fact that nationwide foreclosures are up 112% since last year?

I am not interested in losing up to $100,000 of my hard-earned money. I think I'll sit this one out for another year or two while the "bubble premium" of the last few years fully evaporates. You would call me a "scared" buyer, I would say that I'm being financially responsible and making an informed decision.

Current year-over-year price trends

Fairfax County....................... -13%
Loudoun County..................... -20%
Prince William County.............. -30%

MRIS Statistics
Foreclosures spike 112%, with no end in sight - Apr. 29, 2008

[patti47]

Toll brothers have retained our deposit.

Now they sent us notice for payment of remaining 50 k,as per the promisory note?

Any idea how to stop this ?

[VRE332]

Originally Posted by patti47

Toll brothers have retained our deposit.

Now they sent us notice for payment of remaining 50 k,as per the promisory note?

Any idea how to stop this ?

move in to the place?