Installment loans ohio
These 46 projects will augment the tourist offer in Casablanca.
This can only be a positive move in the medium to long-term and it will be interesting to see how levels of tourism improve. I would also be interested to learn how real estate prices in Morocco have performed recently and more specifically Casablanca. Is this an area international real estate investors should consider?
If you take a step back and look at the reasons for investing in international real estate, local investment in the tourism industry is a major element. The more people who visit the region the more chance they will acquire real estate and this will help the region attract more attention.
Looking to understand if other adversely impacted parties are willing to connect and share thoughts on appropriate next steps etc. Thanks RobT I received an e-mail last week to update me on developments. Informing me that the site was being completley redesigned.
This is the first I had heard of this no mention of refunds, where I stand with current contracts etc. Spoken to lawyers who told me the following: R2I had to go through a massive reorganisation when the situation with Mr Deutsh went wrong they have now reorganized themselves.
What they are going to offer you is a new contract with new Director, new delivery date, new masterplan, new house size, etc. We are representing your interests and installment loans ohio the interests of the other clients who have appointed us and we have helped R2I to draft the new contract that is going to be proposed to you. This contract offers more guarantees in terms of penalty for late delivery, etc. As whether you should accept overnight payday loans it or not, we cannot give legal advice on commercial matters if the developer for reasons that may or may not be justified decides to extend the surface area of the project and consequently build larger houses, there is very little we can say as to whether you should or not go for it. We can however advise you to have a new contract if you decide to go ahead with the new proposal (due mostly to the change of the object, the new delivery date, etc…) your previous contract will not be accurate any longer as the entire masterplan is going to change and so your property.
Basically they are forcing people to complete on a project which we have no information on, after holding our cash for over three years. On a positive side, R2I have pushed through their development in Argentina, so where they have control we might actually see some progress.
I will wait and see the final plans and contracts and then assess options, if any. Well you have more information than me I was unaware that the rental income was likely to disappear.
I can feel that I might want to take legal action regarding the whole situation but I will wait to see what comes of the new contracts first.
Am chasing them up again this week as still waiting from promised information two weeks ago. Good luck, it will be interesting to hear what they come up with.
R2I are apparently also trying to raise the funds independently - but in the current market environment I can see that being a big ask of a small company.
Please payday loans az keep us posted on anything you hear and any ideas you may have. Recent updates for both Marrakech and Fez received. Backs up what Rob T says about Fez but also seems to suggest that we may be able to pull out at this stage? Not installment loans ohio holding my breath as I still have not had any replies to my previous three e-mails. Will find time again this week to try again on the phone and let you know what is said. Also understand that work is underway to lay-out the process of putting a charge on the land. My concern if this happens is, does it effectively stop the development from happening. The worst result of all is to have a development in limbo and nobody is able to proceed. This should all have been made water tight by R2I??? We would be interested to hear if anyone has received any further information since last November regarding this development. And asking for more money to continue with this process of putting a charge on the land. Not sure of the benefits of this and will be contacting sorry attempting to contact R2I to try to get someone to answer my questions. R2I have told me that the Marrakech devopment will be split in two. In addition to the original land they have a plot closer in to town (where did that come from and where did they get the money? Of course the rental programme has gone, together with the fully furnished apartment. And they tell me there is nothing that can be done other than wait as they do not have the free cash to repay investors. This is not strictly true, legal action is still an option.
We were not aware the rental guarantee and furniture have been removed from the deal (this has certainly not been communicated to us) only the change in installment loans ohio the site plans.
At least we know this site does have planning permission. There were aiming to send an update before the end of Feb, but they also said that in December and January. The aim to do both simultaneously I think, but as the original site is where they will be making the money through high end villa sales I can guess where most of their efforts will be concentrated. What makes me even more annoyed is the tone of their communications which implies they are doing me a favour and I ought to be grateful to them... Finally got to speak to someone regarding Marrakech last week.
Confirmed rental agreement no longer there apparently trying to get the management from a riad in the installment loans ohio city to manage it!! As regards the Fes development still waitng for someone to contact over this!! No suprise as communication and transparency not in their company policy it would seem. As for having no money, the story I am told is that our funds are online unsecured loans tied up in the current land, and that more funds are required to complete from new investors. This sounds plausible, but I guess it will be impossible for anyone to check if the company has any cash or not. When new investors start putting their money in, I will hazard a guess that this will not be used to pay us out, but instead used first to fund the development, any free cash later on could then be used to repay initial investors x years down the line. Great for them, we take the risk, they take the return. I was told that I could try and flip whatever property they deigned to assign to me to get a return, what world are they living in! My patience has now run out and am anxious to get my money refunded before R2i go out of business. Are any of you considering taking legal action via Legalex?
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