C
cheops55
New Member
Hi
I agreed to purchase a 3 bed town house in the Disneyworld Westgate development in 2007, and paid roughly $100K in deposit for a completion in Q4 2009. The agreement was through IAP in UK, who many will know went pear shaped last year, but have since restarted as IAP Global. They were listed as sole agents for sales, although the deposit was paid direct to the developer (who never even mentioned the development on their web site).
Around September last year updates became sporadic, and now I cannot get any sort of answer from the developer, or IAP Global, on when (or if) the development will even commence (so far I believe they have built some infrastructure but have not started vertical construction). Laughably IAP Globak (pretty much the same organisation who trousered £2500 introduction fee on the deal) want me to take out a £2000 sales completion contract before they'll even talk to me about this.
All references to the development on internet have disappeared and I am seriously worried that I may have lost this deposit, and in any case mightily pissed at not being kept updated on what is happening.
I understand the deposit money is held in escrow (even though I was told that infrastructure money could be deducted from this) but now feel I need to get some legal advice to see where I stand, or if this sort of behavior from developer consitutes any breach of contract and grounds for return of deposit.
Can someone advise a good local lawyer, or agent, in Florida who could help me try and find out exactly what is happening here. And other helpful advice would be received gratefully.
thanks
I agreed to purchase a 3 bed town house in the Disneyworld Westgate development in 2007, and paid roughly $100K in deposit for a completion in Q4 2009. The agreement was through IAP in UK, who many will know went pear shaped last year, but have since restarted as IAP Global. They were listed as sole agents for sales, although the deposit was paid direct to the developer (who never even mentioned the development on their web site).
Around September last year updates became sporadic, and now I cannot get any sort of answer from the developer, or IAP Global, on when (or if) the development will even commence (so far I believe they have built some infrastructure but have not started vertical construction). Laughably IAP Globak (pretty much the same organisation who trousered £2500 introduction fee on the deal) want me to take out a £2000 sales completion contract before they'll even talk to me about this.
All references to the development on internet have disappeared and I am seriously worried that I may have lost this deposit, and in any case mightily pissed at not being kept updated on what is happening.
I understand the deposit money is held in escrow (even though I was told that infrastructure money could be deducted from this) but now feel I need to get some legal advice to see where I stand, or if this sort of behavior from developer consitutes any breach of contract and grounds for return of deposit.
Can someone advise a good local lawyer, or agent, in Florida who could help me try and find out exactly what is happening here. And other helpful advice would be received gratefully.
thanks