03 Mar 2008 4:31 PM:
Hi Jill
I hope you don't think I am imposing on your privacy and please don't feel obliged to answer any points you feel uncomfortable with.
Is your final payment date overdue? There are a number of purchasers who have expressed to the Buidler that we want to withdraw and even though a number of us have commenced court procedings to recover our money we are being thwarted with difficulties.
The builder will not enter into negotiations, promises he has made to some of us have fallen though and not materialised. We are being told that it is unlikely we will recover any money without us losing 25% due to the fact that we are withdrawing from the contract - even though the licences were extremely overdue and could not complete at the specified time.
We are now being informed that there is a possibility if we take him to court we could still end up losing because the licences are now there, it doesn't matter that there has been any lengthy delays, which appears we just have to accept.
I am curious as to what circumstances you have been able to recover some of your money without incurring a penalty clause of 25% when no one else has been remotely successful here. We are in receipt of a bank guarantee which should guarantee our money but we cannot even seem to action this!
Anything you can highlight will be much appreciated.
Sharon
Community thread:
Jardine de Palomares
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