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    Post: Rebate

    Posted by Ray on 4/10/06

    I recently bought a new construction home. We put earnest
    money down before the building process began and the
    seller held the construction loan for us with a purchase
    agreement in hand of what the house would include,
    blueprints etc. Upon completion of the home we met with
    the builder, seller, and our agent to go over the final
    numbers and any debits or credits that had come up in the
    building process. We paid for every penny down to the
    overage in the ocst of the drawer pulls we chose and the
    amount of gravel used on the project. We closed on the
    house and everything was settled. Now almost a year later
    the subcontractor on our furnace came to us asking for the
    $2000.00 rebate that was given to us by our electric
    company. Without our knowing the builder and subcontractor
    agreed to take the rebate amount off the purchase price of
    our furnace. In all of our negotiations however no one
    mentioned any such agreement to us. It also was never in
    any documents we signed for the purchase agreement or
    closing. The rebate can only go to the electric company
    customer who purchased the system and was sent to us in
    our name. Do we have to hand over this money when we had
    no knowledge of any agreement? The builder is saying they
    gave us a credit for it in the purchase price of the house
    but we never were told what the system cost and that the
    rebate was being used to lower that cost. They also argue
    we were never to know about it so it shouldn't matter to
    us. Our realator also knew they say and she admits this
    but never told us because the builder was going to handle
    it. What should we do now?

    Posts on this thread, including this one
  • Rebate, 4/10/06, by Ray.
  • Re: Rebate, 4/12/06, by sharwinston.

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