13 Jun 2008 1:54 PM:
well,
the contract clearly states that you can get back 50% of your deposit.
This was pointed out to me by a host of different sharks and was the key selling point for me (it made it a gamble with half your stake back).
However when i tried to action this recovery it was pointed out that the return of this was at the developer's discretion.
The only reason this 50% sum could possibly be mentioned in the contract (in my opinion) is as a deceptive clause for fleecing punters.
I would gladly accept a 50% loss on my deposit, but according to my lawyers ( who are either corrupt or incompetent as they never pointed this out at the beginning and since telling me it was impossible to regain this money have emailed me by mistake suggesting i ask for 50% of my deposit!!) this is not possible.
please do contact me if you are in the same position. We stand a far greater chance of getting a satisfactory result if we pool resources.
I didn't intend to ever complete on this property, but since seeing the finished product, i would be very happy to leave my current investment (i.e. the deposit) in a part share of a property on this most beautiful development.
frank
Community thread:
Mar Menor 2 Wardrobes
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