by azul » Wed Jan 10, 2007 10:56 pm
I've received emails, from Fadesa, wanting an additional monetary commitment, by next week. I've asked to be sent a contract, for lawyer review and they have sent me everything but a contract.
Plus, they still do not even have planning commission approval, as of yet, not to mention they can't or won't provide 75% of the basic documentation requested when purchasing a property. What is up with Fadesa's business ethics?
The way I see it, there are too many more desireable off-plan properties, on the market, in Morocco.
It seems my money can be tied up for years and there is no guarantee, at this point, that I will be able to recoup any money should it fail. Seems to me they don't want you to sign, so they can put the apartments back on the market, for a higher price. Anyone have any additional thoughts?
By the way, every contract you sign can be binding, according to the guidance that I have been given.