Engle Homes Complaint - Engle Homes Pre Constuction Contract
STUART, FLORIDA -- My sister-in-law is buying a pre-contruction townhome with Engle Homes. I have read over the original contract and I feel they are very deceptive in their contract. The contracts front page states "The estimated date of closing("Closing Date"), subject to any applicable extenstions contained herein is Nov 2006 - May 2007. (contract was signed 11/18/2005). On page 5 of the contract, the completion "shall be completed on or before two(2) years from the date purchaser signs". (THIS SHOULD BE ON THE FRONT PAGE!!!)
My sister-in-law was sent another contract to sign with Engle Homes that changes the completion date. They lowered the price but they want more money down. If she signs this contract which states on the front page "Closing Sept/Oct 2007), she will be subject to new contract date on page 5, the completion "shall be completed on or before two(2) years from the date purchaser signs". They will not allow her out of the contract and she will lose $34,000.
I would never do business with ENGLE HOMES. Before buying from Engle Homes, have them change the contract to be contingent on financing and be sure of the date of completion. IF this builder will not sign these contingency, find another builder. Also check out your builder on the WEB.
I am also going to recommend that everyone who agrees with me and has a contract with Engle Homes write to the Federal Trade Commission and the better business bureau. Please contact me if you currently have a contract with Engle Homes or if you can help my sister-in-law with getting out of the contract without losing her money!!