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Promissory Note in Connection with Sale of Vehicle or Automobile Idaho  Form

Promissory Note in Connection with Sale of Vehicle or Automobile Idaho Form

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the reason why these Builders have these promissory notes in their contracts now is because they are looking to recoup some of the upfront costs that they've forked over in order to get your home started now before the pandemic you could walk into a new construction sales Center put down a 500 earnest money deposit and then at the last minute say um I don't think I can go through at this house my house didn't sell or darn it my financing fell through I just can't close and so what happened was the builder then had a home that was completed all their upfront costs was associated with that and they had to go ahead and re-list it and put it back on the market now the Market's been really good here so they were able to make a profit off that but right now where the Market's like what's happening Builders are trying to protect themselves a little bit more so for them to go out and start a project they would just want to make sure that

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