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Cancellation of Propery

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


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


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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