Hi,

We signed a contract with Regis Homes in San Jose Downtown in community "One East Julian" last October. We were told specifically by the sales reps that we were allowed to back out within 30 days. ASSURED us that we could even after we signed contract. We were also told that they were FHA approved and didnt have to comply a percentage of homes sold. This was stated multiple times by the all the sales rep - and i am not exaggerating on this. Even the Mortgage bankers they had there stated so.

Before 30 days, we backed out and now they wont return our deposit of 16, 500. The Sales Manager agreed that they misled us but she said, IT DOESNT MATTER WHAT WE THE SALES PERSON TELL YOU, ITS WHATS IN THE CONTRACT THAT WILL BE FOLLOWED. Now is that correct to say? Isnt that FALSE ADVERTISEMENT? Isnt that owning the fact that they misled us?

I sent mail to the VP of Marketing and with the Manager and i have not heard from them at all. I see this as a bad business practise of LYING to get people to put down their hard earned money just so they can keep the money.

The Real Estate board has to investigate the selling practise used by these sales people.