- Report: #356267
Complaint Review: Lennar Homes, Orlando Division
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| Lennar Homes, Orlando Division 101 Southhall Lane, Suite 450
Maitland, Florida U.S.A. |
|
Lennar HomesLennar Homes, Orlando Division I gave them almost $ 21,000 for a new house, they said I did not qualify for loan and kept my money. Maitland Florida
*Consumer Suggestion: "You"... anyone with suggestions
*Consumer Comment: This could be a problem.
*Consumer Comment: Huh ?
Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™
Cesar
Orlando, Florida
U.S.A.
This report was posted on Ripoff Report on 07/27/2008 06:54 PM and is a permanent record located here: http://www.ripoffreport.com/r/Lennar-Homes-Orlando-Division/Maitland-Florida-32751/Lennar-HomesLennar-Homes-Orlando-Division-I-gave-them-almost-21000-for-a-new-house-th-356267. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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Search Tips#1 Consumer Suggestion
"You"... anyone with suggestions
AUTHOR: Angela - (U.S.A.)
SUBMITTED: Monday, July 28, 2008
#2 Consumer Comment
This could be a problem.
AUTHOR: Nikki - (U.S.A.)
SUBMITTED: Sunday, July 27, 2008
Years ago, if someone qualified for a mortgage at contract signing, they could usually qualify for the mortgage at closing too, unless the home buyer did something to his own credit that caused him to be no longer qualified. Construction companies had that clause to cover themselves in case the home buyer signed the contract, then defaulted on his creditors which caused him not to get the loan at the end.
I guess they still have that clause. Today, it could very well be the fault of the mortgage terms changing rather than your fault. If the economy was better and they could sell the home they built for you right away, they may consider returning your deposit. However, with today being what it is in the construction and mortgage industry, I don't know that they will. Have a look at your contract and see what it says.
Also, after you are pre-qualified and your home is being built, I don't think the mortgage companies even start to look at your mortgage qualifications again until they start the "ball rolling", 30 or 60 days before the home is ready to be closed.
