Re: Cases used to get out of CAS arbitration

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On 9/25/07, Consumer wrote:
> Rick, most purchase agreements are (supposed to be) contingent on the buyer getting
> financing. The deposit is supposed to go into a neutral escrow account, not held by
> the builder. But things have changed and many buyers find that they don't have these
> protections anymore, whether they don't know to ask for it, or the contracts have just
> become that much more one-sided. In the future, I would not recommend buying from a
> builder who gets to keep your deposit if you can't get a loan, nor would I recommend
> buying from one who won't let you take contracts home to have them reviewed by your
> attorney BEFORE you sign, and get a home inspection at least once before closing,
> preferably more. Often, people can either pay the lawyer a relatively small fee up
> front to review things, or they can pay an attorney later for a lot more, if there's a
> problem. Same for a home inspection. Should ideally be done during construction so
> mistakes are caught in time. The worst defects can be hidden by the time you do your
> pre-closing walk through.
>
> I know almost none of that helps you now, sorry.
>
> For the time being I can mostly just sympathize, as CAS is now known for bias and
> problems, and I don't know of anyone who has come out of arbitration with them feeling
> like there was a fair decision. CAS like many arbitration providers does repeat
> business with the builders, warranty companies, etc, so it's no wonder if they favor
> the industry.
>
> You might consider submitting a complaint at www.hadd.com and www.hobb.org too.
> Volunteers with these orgs have amassed quite a bit of info on CAS from public records.
>
> On 9/19/07, Rick wrote:
>>
>> Toll Brothers dishonesty!!!!
>> I recently entered into an agreement with Toll Brothers and after signing the
>> agreement of sale I was turned down for a loan by my lender. I am going to
>> Arbitration soon to get my deposit back. Toll Brothers has treated me dishonestly
>> and unfairly throughout the process. I really don't know what to expect from CAS,
>> however I have hired a sharp attorney
>>
>> Rick
>>