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Re: Cases used to get out of CAS arbitration
Posted by toll owner be glad you did not get the loan on 9/26/07

    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
    >>

     
     

 
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