We signed a contract with KB Homes for a model home at Summerlin Village in Arizona. The model was actually owned by KBOne inc. which is some entitiy of Dynex Capital in Virginia. We signed the contract and gave our 'money order' down payment on Oct 7. A week after signing the contract, our sales rep called me and told me KBOne inc. signed contract and scheduled a final walk through.
Another week and a half goes by and then I get another phone call from our rep saying that KBOne inc. hasn't signed the contract and is backing out of the deal.
The contract states that it can be binded by an authorized rep from KB Homes which it was. Now they are falling back on a part of the contract that states that a signature by KB Homes doesn't mean the offer is necessarily accepted.
The truth is that these contracts are normally approved by KB Homes and the transactions always go through. In this case because of what happened to the housing market someone at Dynex Capital decided 3 weeks after approving the sale of the KB Home that they didn't want to go through with the sale.
This KBOne inc. entity is a bunch of crap, and if a company wants to form an entity to screw over the government, and manipulate their stock price that's one thing, but to use it to steal my family's Christmas is cowardly and pathetic.
Does anyone in business have class or dignity anymore?
There were 2 other families that KB Homes did the same thing to.
Please email me if you are one of those other families at
maxandluke30@yahoo.com or anybody else that can offer help or advice.