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Down-payment Refund

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1 Down-payment Refund on Tue Mar 27, 2012 12:08 pm


Arresto Menor
We paid 30% down-payment on the purchase of a condominium. The condo project was not finished on time and according to specifications, so we requested the down-payment refund. How long does the developer have to refund the down-payment? If he does not refund the down-payment within the specified time period, what is our recourse?

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