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RA 6552, a question of refund

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1 RA 6552, a question of refund on Mon Jul 08, 2013 9:27 pm


Arresto Menor
Hi Sir, I would like to know if I still can get a refund of the downpayment that I have paid CHMI(developer) in the amount of 58K for the Condominium that I got. I have paid the downpayment at the end of October 2010. From then on we waited for Pag Ibig to approve the loan, I was then an OFW before. Years have passed and it still did not get approved until I stopped being an OFW last May 2012. I only have paid the downpayment or what CHMI called Net Cash Required. Our financial plan has changed and I decided to forego of the said property. I decided to transfer/sell my rights on the property but was hindered by a requirement of the developer that he/she has to be a blood relative. The promised amenities of the said Condominium(Kassel Residences) is up to now still not done.
Is there no more refund that is possible due to us?
Thanks for your help Atty.

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