by Neil Jenman
In the midst of the recent real estate boom David and his wife found the perfect block of land. The place to build their dream home.
Although the land was in the development stages, they didn't mind waiting. They paid their deposit, signed the contract and looked forward to the future.
Barely six months later, a letter arrived from the developer's lawyers. The contract was cancelled and a refund of the deposit was on its way. However, if David would like to pay a further $48,000, the developer would consider another contract for the block of land.