Here's the story.
We got a unit from a Developer that just recently had their own free media mileage because of IMBESTIGADOR.
START OF PAYMENT:
Jan 2011 we start paying D.P. for the unit for 24 months period. The promise was the turnover will be after 15th month of DP.
We were scheduled for our 1st inspection last August 2012. This time is way beyond the suppose turnover time of 15th month after DP. We found several non-conformances vs blueprints and we notify them about the findings.
We are then scheduled for 2nd inspection last October 2012 and found the same non-conformances. They corrected some of the defects but the majority of the findings were still there.
LAST MONTH OF DP (24th MONTH):
Now, next month will be our 24th month of DP and we assume that they still not going to correct the findings we raised.
We learned some time in September 2012 that the unit was already taken out by the bank (Bank Financing) last mid of August 2012 without us knowing. But since the unit was not yet turned over to us, the developer assume the balance payment to the bank in excess to the monthly downpayment that we are giving to them. They did this probably to bind us to the unit since the bank already paid them. Though on the Letter of Guarantee of the Bank it states that the unit shall only be taken out if it is 100% completed.
1. Am I entitled to full refund since the unit's delivery time was delayed and because of faulty/defective unit at hand?
2. If not, am I protected under Maceda Law even the unit was already taken out by the Bank?
3. Can I terminate the contract and stop the payment to the bank while the case is on going (just in case)?
pasensya na po medyo mahaba. sana may makapansin. paunang pasasalamat sa inyo!