Real Estate Law
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First, if the builder unilaterally changed the time line in a material way, that's a default by the builder and would allow you to terminate and get a refund of your deposit. Second, even if there was no basis for you to terminate and you were held to be in default by terminating, your only exposure is going to be the earnest money. Even if your contract provides for specific performance in the event of default, the fact is that courts simply do not enforce specific performance against buyers. Rather, the courts consider the earnest money as adequate compensation to cover any losses of the seller because the seller still owns the property and can simply sell it to another buyer.
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