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| Bulgaria off plan development 2 years late can i get a refund |
Posted: Nov 4 08 19:44
Total Posts: 23
Users Rating: unrated
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I bought a ski chalet in Bulgaria back in 2005 with a written guarantee from a reputable Uk developer that it would be completed by December 2006, now nearly 2 years later and no sign of completion yet, how do i stand on requesting a refund, what would be the best way to approach it.
Rob
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Posted: Nov 4 08 20:42
Total Posts: 12
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Good Luck Rob!
I bought a ski chalet in Bansko with a clause in the contract that I would get a full refund if construction was delayed gretaer than 2 months.
Having activated the clause 10 months ago I have only just got my money back. I had many sleepless nights and really felt I would have to take legal action which according to my lawyer could take up to 9 years to get my money back! Fortunately, I was successful by being patient and persevering.
Unfortunately, an ex-colleague of mine whom also bought in the same complex still hasn't got his money back yet!
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Posted: Nov 6 08 01:46
Total Posts: 8
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Good to hear that you get your money back Shadwell.
I also experienced this and sad to say I’m still hoping that I’ll get my money back, it’s been almost 1 year since the date of completion but still there’s no sign of completed project. I don’t know what to do but I already gave the written contract to my lawyer to study it; we’re going to take legal actions and I am hoping that my money will be refunded.
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Posted: Nov 6 08 08:58
Total Posts: 23
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Shadwell
I'll keep on at them and see what happens, i also gave a copy of the contract to my lawyer to see where i stand.
Hopefully hear something soon !!
Rob
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Posted: Nov 7 08 10:09
Total Posts: 12
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Rob
I eventually had to threaten the developer with seriously bad publicity if the funds were not forthcoming by a certain date.
I'd had lots of broken promises where they had promised to refund me but come deadline day I hadn't received any funds. As a last resort (needs must!), I decided to fabricate a story that I was related to a high profile national newspaper editor in the UK who was happy to use my story to illustrate ongoing corruption in Bulgaria. I asked my lawyer to send a letter to this effect and lo and behold the funds turned up within about 2 weeks!
Good luck!
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Posted: Nov 7 08 10:15
Total Posts: 23
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Shadwell
Yes i thought that might be my course of action, bang the drum loud enough and people start to listen.
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