Good morning,
Not sure if this post should be in legal or realestate.
In 2006 I signed a contract and paid in full for a condo in La Estancia en La Romana.
After this the bank seized the plot under the condos which it had as a guaranty from the developers.
Now a new company was founded by the developers which seems to have paid for the land and offers the "owners" to pay 20T, sign a new contract and then finally obtain our titles.
This situation is a bit desperate , because I guess who doesn't pay looses his condos totally.
You comments pls (without the typical : you should have done this or that, which I am aware of)
rgds,Edwin
Not sure if this post should be in legal or realestate.
In 2006 I signed a contract and paid in full for a condo in La Estancia en La Romana.
After this the bank seized the plot under the condos which it had as a guaranty from the developers.
Now a new company was founded by the developers which seems to have paid for the land and offers the "owners" to pay 20T, sign a new contract and then finally obtain our titles.
This situation is a bit desperate , because I guess who doesn't pay looses his condos totally.
You comments pls (without the typical : you should have done this or that, which I am aware of)
rgds,Edwin