W
Wack666
New Member
Hi all, I am buying in Estrela Do Atlantico. After years of wrangling and Manzanares dealing with BI & DI, finally 2 months ago I signed a new contract that released both parties from delayed payment fines.
To take the developer to court could take a minimum of 3 years, cost most of the money I was claiming back and I had no guarantee whatsoever of winning. I have taken the route of least resistance and signed the new contract that Manzanares have negotiated which is underwitten by HSBC and gives the buyer compensation for any delay of completion after Descember 31 2011. As we are now in February and still no news of completion, buyers should receive a discount on their final payment (whether BI & DI will honour this is anyones guess)
I am dealing with Manzanares and Ana who works at Terra Verde Imóveis although it is like trying to get blood from a stone trying to get information and photos of the development.
Anyway this is where I am at, sitting tight with my fingers crossed and hoping for a completion soon so I can jet off to sunny, warm Natal
To take the developer to court could take a minimum of 3 years, cost most of the money I was claiming back and I had no guarantee whatsoever of winning. I have taken the route of least resistance and signed the new contract that Manzanares have negotiated which is underwitten by HSBC and gives the buyer compensation for any delay of completion after Descember 31 2011. As we are now in February and still no news of completion, buyers should receive a discount on their final payment (whether BI & DI will honour this is anyones guess)
I am dealing with Manzanares and Ana who works at Terra Verde Imóveis although it is like trying to get blood from a stone trying to get information and photos of the development.
Anyway this is where I am at, sitting tight with my fingers crossed and hoping for a completion soon so I can jet off to sunny, warm Natal