Reply To: Los Lagos

#68681
Anonymous
Participant

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 And at the time they issued it they already knew the building licence was revoked and they could never build.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.