Wednesday, December 17, 2008

2 days old, but interesting..

Property investors launch legal action

A PROPERTY management and development company is facing legal action from 30 customers who fear they may lose more than £320,000 worth of deposits on apartments between them. The potential legal action against Salford-based Dylan Harvey Group is being led on the behalf of the investors by Manchester law firm Pannone.

Posted by mark @ 01:55 PM (669 views)
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2 thoughts on “2 days old, but interesting..

  • There is always a risk in buying off plan, that’s why you buy at a discount to finished property. Unless the legal contract was fraudulent, the investors will get their deposit back and not a penny more.Sometimes you win, sometimes you loose. How many investors fail to read the small print?

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  • This is a quandary: whom do I support? The Property management company, greedy, good-for-nothings, trying to make a fast buck. Or the investors, greedy, good-for-nothings, trying to make a fast buck.

    Should be a good spectator sport!

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