HOMES BY PATRICK J O'CONNOR

From builder's web site: "Welcome to Homes by Patrick J. O?Connor. We believe that building the home of your dreams should be a magical and exciting experience. Participating in the building experience with a positive and enthusiastic contractor can and should be an exciting and emotionally rewarding endeavor." After our financing fell through (construction costs > appraised value - due to market downturn), we offered to reimburse the builder for the 22 days we were in a contractual relationship. This was his email response: "As we discussed by phone yesterday, your offer to pay all of our authorized actual expenses plus a $5,000.00 Management Fee is, in a word, inadequate." "Under the circumstances, by default, you have opted to go the route of Option #3 as discussed in ?Construction Options?. With that in mind, we expect to receive $52,152.75 by 5:00 P.M. Eastern Standard Time on Tuesday, December 23, 2008. If this demand cannot or will not be met, then we have no choice but to go to Arbitration as provided for in Section 13.0 of our contract." Bottom Line: This was a "magical and exciting experience" We hired a lawyer.