Recover from Over Priced Housing.
If you are reading this post. Do not feel alone. So many people bought over priced homes from builders between 2004 and 2006, and now they are stuck with them because they are impossible to sell, unless you are willing to loose at least $75,000 or more. I know this is true, because I did it too. I bought a house in Homestead Florida and you can even see some pictures in my previous postings.
Well the reason for this post is, that I am wondering if anybody can help me to sue my builder or bank for having granted a loan for such an over priced property.
One idea is: Why can’t we force the builder of new homes to take back a house that they know was sold at an overpriced value. 2 years ago, I bought a house from Prime Home Builder in Homestead Florida. They sold me a house for over $300,000, but the real price should have been no more than $200,000 and even that may be too much. Well they somehow persuaded my lender to give me a $260,000 loan to buy this house. So why can’t we force these builders to take back these houses 2 years later, even oif they give me only $260,000. they can keep my deposit. But since average sale prices are about $250,000 K and nobody is buying they should be forced to buy it back from me. They were the Scammers! I also was tricked in to paying the builder almost $25,000 in bogus closing costs.
But first I need to know if the laws are in our favor or will the government that writes these laws favor the big builders instead. If I find out that I can start a class action law suit. I am sure many other victims will want to join in. So let me know what you think about this topic.
