Eric
Northville,#2REBUTTAL Owner of company
Mon, February 18, 2002
February 11, 2002 To whom it may concern: This letter is in response to the false accusations submitted by Mr. Daniel Ripper. Mr. Ripper signed a contract with Cambridge Homes to build a home for 1.2 million dollars in our Bellagio Subdivision. Cambridge was in the process of acquiring permits for Mr. Rippers custom home when we received a call from Mr. Ripper in which he requested to meet with the builder. Mr. Ripper stated that he no longer wanted to go forward with his custom home at the time due to a major loss of money in the stock market. Cambridge agreed to let Mr. Ripper out of his contract Mr. Ripper responded very gratefully to Cambridge for letting him out of a binding contract. A few months had passed and Cambridge received a call from Mr. Ripper. He expressed interest in a spec home we were in the process of building in another development. We signed a contract with Mr. Ripper and his wife to purchase our spec home in the Woods of Edenderry neighborhood for $818,000.00. After all selections were chosen and installed, less than one month from closing, Mr. Ripper came back to Cambridge with a request to back out of his contract once again. Mr. Ripper claimed that he needed to back out of the purchase agreement for the second time now with Cambridge due to an even larger loss in the stock market. We had let the Rippers out of one contract but could not let them out of a second. The second house they agreed to build with us was near completion with all of their personal selections installed. When you make a decision to build a home, it is a very large commitment that should be thought through thoroughly. It is not the fault of the builder that Mr. Ripper made bad personal investments. The second time around you would think he would learn a lesson. Sincerely, CAMBRIDGE HOMES, INC. Eric G. Guidobono President