Investing in pre-construction home can be disastrous

Can man get $25K deposit back after builder goes bankrupt?
Published on Nov 13, 2006

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by CareyBot

DEAR BOB: About a year ago, I had an opportunity to buy into a pre-construction, out-of-town development. I checked out the local market, which at that time was a “hot” seller’s market. So I invested a $25,000 deposit on a ...