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 Sep 23 2011, 04:36 PM
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#1
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Junior Member
217 posts Joined: Jul 2011 
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Need advice here. I bought an apartment in year 2003 but still incomplete till this date.
The developer has been suspended and blacklisted, and the project is classified as abandoned project. I am paying $1k monthly loan to the bank since 2005. Is there anything I can do about it??? Thanks. |
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Sep 28 2011, 05:31 PM
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#2
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Junior Member
217 posts Joined: Jul 2011
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QUOTE(dariofoo @ Sep 28 2011, 02:43 PM) Sorry for the late reply. Hi,Well, your remedy is against the developer - you have to sue them for breach of contract. However, if they don't have any money to pay you, you just get a paper of judgment which you can't enforce against them. So you spend more money on litigation buy you get nothing back in return.  Thanks for the advise. I guess I have to wait till another developer take over as the current developer already 'pk'. If not, I ended up with more money and time wasted. Sigh... |
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