Builders guarantee buyers’ home values

[Aecetia]

When we bought our house about a year after the developer started the second phase, it was already on its second developer. It started out as Pacific Scene, then Continental, and finally REI bought out Continental. Later there were some issues regarding a bridge that washed away in one of those 20 year floods… Who knows what will happen five years from now and if the builder will even be solvent?

[dharmagirl]

Good points. I agree with the OP (HLS?) about getting specific things – paid HOAs, taxes, etc. from the developer. Unless the developer agrees to put money into escrow for two years to ensure that they can make good on the promise, what’s the point?

This reminds me of the car commercials I’m now seeing where manufacturers promise to pay for gas for two years if you buy a new car…

[dharmagirl]

Good points. I agree with the OP (HLS?) about getting specific things – paid HOAs, taxes, etc. from the developer. Unless the developer agrees to put money into escrow for two years to ensure that they can make good on the promise, what’s the point?

This reminds me of the car commercials I’m now seeing where manufacturers promise to pay for gas for two years if you buy a new car…

[dharmagirl]

Good points. I agree with the OP (HLS?) about getting specific things – paid HOAs, taxes, etc. from the developer. Unless the developer agrees to put money into escrow for two years to ensure that they can make good on the promise, what’s the point?

This reminds me of the car commercials I’m now seeing where manufacturers promise to pay for gas for two years if you buy a new car…

[dharmagirl]

Good points. I agree with the OP (HLS?) about getting specific things – paid HOAs, taxes, etc. from the developer. Unless the developer agrees to put money into escrow for two years to ensure that they can make good on the promise, what’s the point?

This reminds me of the car commercials I’m now seeing where manufacturers promise to pay for gas for two years if you buy a new car…

[dharmagirl]

Good points. I agree with the OP (HLS?) about getting specific things – paid HOAs, taxes, etc. from the developer. Unless the developer agrees to put money into escrow for two years to ensure that they can make good on the promise, what’s the point?

This reminds me of the car commercials I’m now seeing where manufacturers promise to pay for gas for two years if you buy a new car…

[scaredyclassic]

I suppose some insurance company could start writing policies against potential losses from a sale of a house. Probably be an expensive policy! could have abig deductible, and witha longer term, say, only effective 7 years after date of move in, maybe you could get the policy to be reaosnably priced. i’d rather buy it from an insurance co. thana developper!

Drink Heavily.

[scaredyclassic]

I suppose some insurance company could start writing policies against potential losses from a sale of a house. Probably be an expensive policy! could have abig deductible, and witha longer term, say, only effective 7 years after date of move in, maybe you could get the policy to be reaosnably priced. i’d rather buy it from an insurance co. thana developper!

Drink Heavily.

[scaredyclassic]

I suppose some insurance company could start writing policies against potential losses from a sale of a house. Probably be an expensive policy! could have abig deductible, and witha longer term, say, only effective 7 years after date of move in, maybe you could get the policy to be reaosnably priced. i’d rather buy it from an insurance co. thana developper!

Drink Heavily.

[scaredyclassic]

I suppose some insurance company could start writing policies against potential losses from a sale of a house. Probably be an expensive policy! could have abig deductible, and witha longer term, say, only effective 7 years after date of move in, maybe you could get the policy to be reaosnably priced. i’d rather buy it from an insurance co. thana developper!

Drink Heavily.

[scaredyclassic]

I suppose some insurance company could start writing policies against potential losses from a sale of a house. Probably be an expensive policy! could have abig deductible, and witha longer term, say, only effective 7 years after date of move in, maybe you could get the policy to be reaosnably priced. i’d rather buy it from an insurance co. thana developper!

Drink Heavily.

[just someone]

That’s a good idea…
ask to see the builders insurance policy, get a copy. Thier insurance should stand behind their statements.
Then go to lawyer, with paperwork… see what shark says… is it possible for this to be invalidated if builder declares bankruptcy?

[just someone]

That’s a good idea…
ask to see the builders insurance policy, get a copy. Thier insurance should stand behind their statements.
Then go to lawyer, with paperwork… see what shark says… is it possible for this to be invalidated if builder declares bankruptcy?

[just someone]

That’s a good idea…
ask to see the builders insurance policy, get a copy. Thier insurance should stand behind their statements.
Then go to lawyer, with paperwork… see what shark says… is it possible for this to be invalidated if builder declares bankruptcy?

[just someone]

That’s a good idea…
ask to see the builders insurance policy, get a copy. Thier insurance should stand behind their statements.
Then go to lawyer, with paperwork… see what shark says… is it possible for this to be invalidated if builder declares bankruptcy?

[Author]

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