20 Apr 2009 2:02 PM:

I am in the same position - due to purchase x2 bed aprt at Ochando Golf with completion scheduled for April 09.  This has been postponed to April 2010.

Have contacted my lawyer Plus Advisors several times regarding the bank guarantee.  First of all they said they needed an up to date copy of my passport to get this.  This was sent in February 2009 but they say they didn't get it.  Now they say that the builder will not issue bank guarantee unless I agree to sign a new contract. 

I was originally told my deposit would be safe and held in an escrew account and that the builder would not get it until completion.  

Would like to hear from anyone else in the same position.  I am considering appointing another lawyer - can anyone recommend one?  Am I right in thinking that it is the lawyer who should have obtained the guarantee prior to releasing funds to the builder?

Any advice welcome.

 

 

 

Community thread: Completion of Ochando Golf Resort

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