Nightly News on PBS has a story about condominium developers who have sued and obtained judgment from people who had contracted to buy 18 months ago. The price of the condos has fallen by 20% and the potential buyers simply wanted to walk away from their deals, losing only their deposits. The courts in Florida have sided with the developers and awarded judgments for the full original price.
I can not imagine why these people did not understand that they were always responsible for the full price.
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