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Investment Bad Developers!, Bad Developers

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gark
post Sep 27 2012, 01:19 PM

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From: Penang, KL, China, Indonesia....
QUOTE(jacob888 @ Sep 27 2012, 01:18 PM)
Talam  rclxub.gif  rclxub.gif  rclxub.gif
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Talam in financial trouble.. the property going to be abandoned soon... rclxub.gif rclxub.gif rclxub.gif

Sue them, and give letter of demand. Last time my developer also say all kind of excuse like ' found hard rock under the project site, need blasting', total delayed about 8 months, complete with consultant letter as well. Complete with pictures, monthly updates etc etc.

But gave re-imbursement more than 40K, use the money get free renovation. rclxms.gif rclxms.gif rclxms.gif

This post has been edited by gark: Sep 27 2012, 01:26 PM
gark
post Sep 27 2012, 03:49 PM

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QUOTE(Slappy @ Sep 27 2012, 03:14 PM)
Gark - at least your developer is more honest and willing to re-imburse something... that is a more honorable way to do it..lucky for you!

As for suing them - yes, I am considering. Unfortunately standard HDA rules do not apply to commercial property.. they did not actually breach the contract because contract says they are allowed to not pay late interest if they have official letter from consultant like the engineers letter. So, not sure what is the chance of winning the case if we sue..
Looks like we are in a bad position. thats why I'm posting this.. so all u guys out there be careful!
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Did not get the re-imbursement straight away. Only after the joint buyers write letter to management, then only they give. Anyway the re-imbursement given as offset to loan. rclxms.gif
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