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Cancellation of Propery

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1 Cancellation of Propery on Fri Oct 18, 2013 4:57 pm

Renzraf


Arresto Menor
Dear Atty.,

Appreciate your advice on the below story regarding my property.
In July 2010, I bought a property at BF homes and I nearly completed the payment for deposit but stopped the last monthly payment due the pending development of the property. Upon paying the whole DP dpt po coconstruct n un property ko pero wla p pong nagagalaw sa development.

now it's been 3 yrs at ngyon lng nla inuumpisahan ang construction gsto ko n po sna i pull out or discontinue the purchase due to the long delay of the construction. reservation application lng po ang napirmahan ko with developer, i was informed na kung ipull out ko po e 50% of the total deposit lng dw po makukuha ko.. is this correct kht wla ako contract to sell n pinipirmahan binded po ba ako sa MACEDA Law... thanks for your assistance

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2 Re: Cancellation of Propery on Fri Oct 18, 2013 7:33 pm

attyLLL


moderator
when construction is delayed, you are given the option to wait or ask for full refund. by waiting, you are deemed having waived the refund.

maceda law now applies.


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