I received a very interesting email from 21st on Friday saying that they would not floor the amount of my homes on order, due to significant pricing increases over the last 24 months:
“After reviewing the price increases on your homes with upper management, we do not feel comfortable with flooring the full invoice amount at roughly $74k for each home. As a result, we would only be able to floor the amount that was initially approved for each home, which was $45k. This would mean we would require a down payment equal to the difference of the current invoice amount and the original approval amount in order to put them on CASH inventory.
For instance, we would need a down payment in the amount of $25k in order to floor serial # xxxx as the new price is $71k and the approval was for $46k.”
Keep in mind, as my 21st representative was typing the above email, my home was being delivered to my park. Had they notified me 24 hours before, I would have canceled my order, just as I have canceled my 4 orders after this one.
Now, they are expecting me to pay them $25k, along with their margin on the $46k, and they wont finance the full home value of $71k + margin + setup costs, etc.
I am told this is happening across the CASH program.
Anyone else experiencing similar BS?