Real Estate Question

Discussion in 'Politics & Religion' started by andrasnm, Apr 12, 2006.

  1. I know this is not a RE forum but I am stumped by this little problem......
    We have signed a contract with a local builder in Sacramento (Natomas North). Now they are giving us something they call a disclosure on flood potential should the Sacramento river levvy break!. What they failed to disclose us that the whole area used to be a flood area before the builders lobbied congress to change that. Yay! We can now buy flood insurance at least at an affordable price!! My question is should we just bail (walk away) from this deal? My instinct says that the market is turning and it is to our advantage to wait a little even if we lose the $$'s we put up. Any ideas?
    If we deny signing this document we might even get our monies ($$$) back) - I think this stinks to high heaven!!!! New Orleans deja vu....