QUOTE(kochin @ Aug 15 2013, 11:07 PM)
I think dibs is usually subjected to a few scenarios and they will take whichever comes first:
1. Time dependent. Usually dibs will last a maximum of 36 months only. Some more, some less.
2. Upon vp
So do not be fooled that you would not be paying until project is completed. Somehow or rather you would need to start paying after the time is up. If that is the case, maybe non dibs purchaser would benefit more. After all, non dibs got additional discounts and up till now, they are only servicing interest for foundation drawdown. Anybody rcvd billings for structural frame yet?
Boss lets say the developer did not pay the interest. Will the bank turn to chase aft the borrowers? 1. Time dependent. Usually dibs will last a maximum of 36 months only. Some more, some less.
2. Upon vp
So do not be fooled that you would not be paying until project is completed. Somehow or rather you would need to start paying after the time is up. If that is the case, maybe non dibs purchaser would benefit more. After all, non dibs got additional discounts and up till now, they are only servicing interest for foundation drawdown. Anybody rcvd billings for structural frame yet?
Aug 16 2013, 01:18 PM

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