SSG2 - Future ExHomeOwners

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Here are the suggested steps for you to take.

Step 1: Write a letter demanding for Full and Immediate Refund, invoking your right under Section 23 of PD 957 Subdivision and Condominium Buyers Protective Decree.
[Download Template here: http://bit.ly/IPDS1s ].
Go to the developer's office and have your letter received by any of their managers. If there is no one who wants to sign and receive your letter, please take note of the name of the person you left a copy of the document with (and their contact information, if possible.) and send an email to their management that you left your document for them to receive.

http://hlurb.gov.ph/services/buyers/right-to-a-clean-title/non-forfeiture-of-payments/

Non-Forfeiture of Payments
A buyer’s payment for a subdivision lot or condominium unit cannot be forfeited by the owner or developer when he desists paying on the ground that the project is not develop per approved plans and within the time limit for development. He must, however, notify the owner or developer of his decision to suspend payments.

The said buyer has the option to demand a refund of the total amount paid with legal interest. The total amount includes amortization interest but delinquency interest is excluded. Section 23 of PD 957 Subdivision and Condominium Buyers Protective Decree provides, thus:

SECTION 23. Non-Forfeiture of Payments. – No installment payment made by a buyer in a subdivision or condominium project for the lot or unit he contracted to buy shall be forfeited in favor of the owner or developer when the buyer, after due notice to the owner or developer, desist from further payment due to the failure of the owner or developer to develop he subdivision or condominium project according to the approved plans and within the time limit for complying with the same. Such buyer, may at his option, be reimbursed the total amount paid including amortization interest but excluding delinquency interest, with interest thereon at the legal rate.

Step 2: File a complaint against the developer through HLURB (http://www.hlurb.gov.ph/) ASAP.

Step 3: Consult with your lawyer.


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