15 May 2008 7:28 PM:
Maria,
After having paid my 30% deposit in June 06 I never received any response from San Jose that they had received my money. After pressing my agent, Frontline, i eventually got a response from San Jose in Oct 06 on email (which I still have a copy of) saying that they had indeed received my deposit and they also stated the property type and plot number R10 that the payment was for. Given that the majority of properties are still at ground / foundation level isn't there a case to say that I have paid for the land that this plot is on and perhaps the foundations (not to mention all other investors who have paid their deposits and had their plot's referenced in their contracts) ?
Also what are the odds of another developer buying the development as it stands (albeit at a knock down price) and then proceeding to complete the work in the knowledge that there are buyers already committed to the development ?
Thread:
San Jose into liquidation.
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