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Refund of forfeited payment

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1 Refund of forfeited payment on Tue May 08, 2012 12:33 am

stephbelle


Arresto Menor
I would like to seek for advise if I can still get a refund on the forfeited payments made on Megaworld Corp. I got a condo unit from them during pre-selling last 2007 and was able to pay only the monthly installments for 3 years ('til 2009). Because of financial problems, I wasn't able to pay them. The project was completed late 2010 and they told me that all the payments made was already forfeited. I just recently learned about the Maceda Law, I was wondering if I can still demand a refund from them? Thank you in advance.

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2 Re: Refund of forfeited payment on Tue May 08, 2012 1:27 am

ibonidarna


Reclusion Perpetua
Did they cancel the contract?

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3 Re: Refund of forfeited payment on Tue May 08, 2012 3:00 am

stephbelle


Arresto Menor
No contract yet, only Reservation & Offer to Purchase was given to me since it is only on pre-selling at that time I started to pay. But they sent me a letter that they are cancelling that (Reservation & Offer to Purchase).

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