Hi There Maria
We too have a bank guarantee for the santa ana development, we are at the stage now where our solicitor has been to court and advised us that if we want to execute our bg then we have to cancel our purchase contracts, then if bg don't want to pay we have to take them to court.
We wondered if there was another way other than this as we could lose everything if bg do not pay out, we then don't have contracts to say we own anything.
"Reverse Contract" this was discussed a few weeks ago, what does it actually mean, is it anything to do with cancelling contracts with property developer.
Many Thanks
Jannine