Vision Home Buyers

While I understand the [redacted]'s disappointment, the contract allows for a liquidated damages award upon default by the buyer. This award is the earnest money which had been properly placed with the escrow company responsible for the closing, [redacted]. That money was released to the [redacted]s...

immediately upon default. unfortunately, the [redacted]s were not entirely clear about structural issues which were present in the home. The extent of the structural problems were heavily downplayed and in early to mid December, my representative, Mr. [redacted] received an email from the [redacted]s which contained a warranty from the structural company. The extent of the repairs were much more significant than originally outlined. These defects greatly reduced the value of the property and Mr. [redacted] would never have entered into a contract with the [redacted]s if the written warranty and detailed scope of work performed was disclosed to him at the time of contract signing. Nonetheless, there is a liquidated damages provision in the contract all parties signed which detailed the remedy upon default. That remedy was fulfilled by Mr. [redacted] and Vision Home Buyers. I take complaints very seriously and our responsibility is to perform on an executed contract or forfeit the earnest money. The "punishment" was agreed upon all parties when they signed the contract but now, only after a default, they want more punishment which seems excessive. Thank you,[redacted]Vision Home Buyers [redacted]

I am sorry that the [redacted]s have had this issue but the [redacted]s did collect the earnest money which was their only remedy in the event of a buyer default. While this event didn't contribute to his departure, [redacted] is no longer working with my company, vision home buyers.   [redacted].