Builder allows customers to use forfeited deposits

Builder allows customers to use forfeited deposits

Frenzied flippers have walked away from contracts to purchase homes as the real estate market has slowed across Florida.

In their dust, they’ve left behind cash.

Rather than keep the cash, Taylor Woodrow is offering other buyers the opportunity to use forfeited deposits toward the purchase of a new home at a few of its communities, including the upscale Vasari Country Club in Bonita Springs.

“They will be able to buy a home that already has the deposit in place,” said Tim Diers, director of sales and marketing for Taylor Woodrow’s Southwest Division.