Builders backing out of new construction deals.

[Tom Price]

Anyone else having issues with builder's/turnkey providers issuing cost increase letters to the purchase contracts of new construction turn key properties.

We have had 2 homes in Central Florida in escrow for over 4 months and we are now getting notice that they are increasing our purchase price by 13%. But we should be happy because they have raised the price by 20% to anyone signing a contract today.

Basically destroying the cashflow on the deal. We can cancel the deal and get all of our deposits back plus interest. Just really upset.