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Home / News Stories / New-home warranty lost in 'creative financing' (access required)

New-home warranty lost in 'creative financing' (access required)

A "creative financing" scheme used by a McLean lawyer and his wife to purchase their dream house backfired when the couple lost a statutory warranty available on "new dwellings." Rather than arranging conventional financing on the home, the couple and the builder structured the transaction as a stock sale. The house was the sole asset of ...

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