K. Hovnanian Homes


Country United States
State New Jersey
City Red Bank
Address 110 West Front Street
Phone 732-747-7800
Website http://www.khov.com/

K. Hovnanian Homes Reviews

  • Jun 12, 2015

I wrote an offer for a spec home at Round Hill’s Mountain Valley subdivision by K.Hovnanain on May 20, 2015. On the 30th I found out that the purchasers for my current home lost their buyer, now making me contingent (I can’t qualify for 2 mortgages). My Realtor and I submitted a written letter of withdrawal on June 1, 2015, and then I signed a Sales Agreement Cancellation Request from the builder on June 2, 2015. Prior to that time, they had not signed my offer, but they did cash my $5,000 earnest money deposit on May 29, 2015. Their main office finally signed my offer on June 6, 2015- 4 days after I withdrew my offer. They are now insisting that it is a valid contract and will not refund my money, although I canceled before they signed or ratified the paperwork (my understanding is that ratification even goes beyond the date signed, but requires actual delivery of the document). Delivery of the “ratified” version was given to my agent when she went there to get it on June 9. Even according to the HOA amendment, I have up to 3 days AFTER ratification to cancel and have my money returned. They are not acknowledging that the offer was WITHDRAWN prior to signing. There should NOT be a ratified contract, and I was still within the 3 days allowed by HOA documents to cancel without penalty. I feel they acted, if not illegally cashing my check, at the very least in a very unprofessional and inappropriate manner by ratifying a canceled offer. I want my money back, and I would like them to be held responsible for any activities that are not per legal guidelines. The lender (also KHov) will not provide documents that I don’t qualify for the loan if my house remains unsold.

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