Reply To: Los Lagos


P.S. Needless to say, this developer put end dates on all their Bank Guarantees (the few they issued that is).

In our case, the end date was for a year after completion was due. And at the time they issued it they already knew the building licence was revoked and they could never build. To put such a date was a premeditated action to make us wait yet a further year (making three years in total) before they would have to return our money.
Didn’t seem morally wrong to them – they were happily and busily using our money for their company’s cash flow in the meantime.

For the havoc this caused our lives, if/when this developer goes under – I will be opening a bottle of champagne.