Carlson v. Len Home Builders, Inc.

This is a suit for specific performance of a contract to convey real estate. Before the time fixed for the conveyance, the vendor agreed to erect on the premises a dwelling in accordance with plans and specifications attached to the contract. It was agreed that the bulk of the purchase price should be paid by a Federal Housing Administration mortgage and it was further provided:

"The approval by the lending institution which makes the mortgage aforesaid or the Federal Housing Administration upon completion, shall be deemed for all purposes of this contract full compliance by the seller with…