The Builders Nightmare is Heating Up.

Builders are facing lawsuits from buyers no longer wanting to close.
http://www.realestatejournal.com/buysell/markettrends/20070507-corkery.html

In the latest fallout from the housing market’s decline, disputes are breaking out between builders and buyers who signed contracts for new homes and condos when the market was hot — and now want to get out of them.
Even as many of the new buildings [...]

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