The loan depot

The construction work is proceeding, but the pace seems to be very slow. People who have visited the construction site have said that the number of construction workers present is insufficient. I am hoping a meeting will take place this week where IMG will outline their position. However the head of IMG has cancelled this meeting twice last week due to a health issue. I will update everyone if this meeting does take place this week. Why would some people not have completed their payments by now?

Perhaps, because each selling agent had a different payment plan? Absolutely right from what I understand different clients have different payment plans even different clients with the same agent.

So this is where the compensation part will be different for different investors depending on what has the loan depot the loan depot been paid etc. IMG want to claim for Force Majeure and as long as this is deemed reasonable this element should be fine. If they try and claim for all of the delays things could get tricky.... I am invested in the latest offering from Obelisk International, the Brazilian Governments social housing program, Mihna Casa Mihna Vida. Three have passed by and not a block has been laid.

Obelisk International have taken their share of the spoils and now have also left the scene. The investors believed in and placed their trust in, (moderated) and are now left wondering what has happened to their money. The Obelisk machine is still active, so investors BEWARE. Jethro I asked IMG the loan depot a series of written questions via my advisor in relation to the development and the delays. Late last night I have received a written responses to all of my questions. If anyone is interested in receiving a copy of the questions and answers please private message me. And with regards to there only being 6 or 7 workers on site this could be for any number of easy payday loans reasons. It is in Manzanares best interest for clients to consider legal action as this generates them income. It seems that they are now cottoning on to the fact that clients are not willing to be sold into their services, and so are now suggesting a communal action.

In the case of Capim Macio they never offered us communal action, instead offering each client to take legal action at considerable expense. Once the owners combined forces and decided to ditch Manzanares in the process, it seems they may be worried this might happen here also!!

Hi James, Thank you for sharing your experiences with Manzares. I am also a buyer at GF and would probably pick Manzares if I would need a lawyer.

In a sign of the times, the Ontario authorities in Canada have issued a statement today confirming speculation that they are looking at esignatures as a means of completing real estate transactions. I am invested in the latest offering from Obelisk International, the Brazilian Governments social housing program, Mihna Casa Mihna Vida. Three have passed by and not a block has been laid. Obelisk International have taken their share of the spoils and now have also left money payday loans the scene. The investors believed in and placed their trust in, Gary Hardacre and Chris Green and are now left wondering what has happened to their money. The Obelisk machine is still active, so investors BEWARE. Could you be more specific which Minha Casa Minha Vida project it concerns. There are several MCMV projects in the area of Natal. A close friend of mine invested in one of them (but not via Obelisk),however I am a bit worried now. I am a buyer at GF and of course not pleased at all with the delays. Hello Mahogany, Since today I know about this forum. Me too I am a buyer at GF and worried about the delays. Did you already make your trip to Natal or do you plan to go there later this year? I am expecting a letter from the lawyers Manzanares later today as I understand IMG have put in a ludicrous claim for Force Majeure looking to claim the entire delay on this. Effectively the lawyers are responding to this and are due to provide more information. Does anyone have any up to date information on progress on site as I have not received an update since the start of December.

Also does anyone have any colour on how the property market in Natal is looking right now and any up to date prices? I am a buyer at GF and of course not pleased at all with the delays.

Interestingly, Manzanares put a disclaimer on the bottom of their documents, which states they are not responsable for the views expressed by individual lawyers, so no protection there!! However, in April 2011, they told me everything was in place and constuction of the first phase was set to begin.

My contract, drawn up by Manzanares, is barely worth the paper it is written on. Undoubtedly, there are success stories with Minha Casa, but be careful if you are going ahead with your investment.


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Please be careful and if in doubt just walk away yourself. I received a pricing update for Petropolis last night of Real 4,900 M2 an increase of 8. This relates to comparible projects for the subject of this forum Dr Geraldo Furtado which is an apartment complex.... Do you have any actual colour on the unsold apartments that you mention?

This relates to comparible projects for the subject of this forum Dr Geraldo Furtado which is an apartment complex.... Do you have any actual colour on the unsold apartments that you mention? I think I know that building opposite the bus stops. Thank you does anyone have any news of the status of the building Dr Geraldo Furtado?

I have tried to contact IMG and real state with no answer. I am invested in the latest offering from Obelisk International, the Brazilian Governments social housing program, Mihna Casa Mihna Vida. Three have passed by and not a block has been laid. Obelisk International have taken their share of the spoils and now the loan depot have also left the scene. The investors believed in and placed their trust in, Gary Hardacre and Chris Green and are now left wondering what has happened to their money. The Obelisk machine is still active, so investors BEWARE. Could you be more specific which Minha Casa Minha Vida project it concerns. There are several MCMV projects in the area of Natal. A close friend of mine invested in one of them (but not via Obelisk),however I am a bit worried now.

I am a buyer at GF and of course not pleased at all with the delays.

Hello Mahogany, Since today I know about this forum. Me too I am a buyer at GF and worried about the delays. Did you already make your trip to Natal or do you plan to go there later this year? I am expecting a letter from the lawyers Manzanares later today as I understand IMG have put in a ludicrous claim for Force Majeure looking to claim the entire delay on this. Effectively the lawyers are responding to this and are due to provide more information. Does anyone have any up to date information on progress on site as I have not received an update since the start of December. Also does anyone have any colour on how the property market in Natal is looking right now and any up to date prices? I am a buyer at GF and of course not pleased at all with the delays.

Interestingly, Manzanares put a disclaimer on the bottom of their documents, which states they are not responsable for the views loan center expressed by individual lawyers, so no protection there!!


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However, in April 2011, they told me everything was in place and constuction of the first phase was cash loan stores set to begin. My contract, drawn up by Manzanares, is barely worth the paper it is written on. Undoubtedly, there are success stories with Minha Casa, but be careful if you are going ahead with your investment. Please be careful and if in doubt just walk away yourself.

I received a pricing update for Petropolis last night of Real 4,900 M2 an increase of 8. This relates to comparible projects for the subject of this forum Dr Geraldo Furtado which is an apartment complex.... Do you have any actual colour on the unsold apartments that you mention? This relates to comparible projects for the subject of this forum Dr Geraldo Furtado which is an apartment complex.... Do you have any actual colour on the unsold apartments that you mention? I think I know that building opposite the bus stops. Thank you does anyone have any news of the status of the building Dr Geraldo Furtado? I have tried to contact IMG and real state with no answer.

Some analysts are suggesting that New York is now the main property safe haven taking over the mantle London has held for many years.

Do you think investors are targeting New York as opposed to London?

Is New York really the new leading safe haven of the property world? Prior to the 2008 US mortgage crisis the vast majority of international investment was focused on North America, Europe and the Far East. In a sign of the times, the Ontario authorities in Canada have issued a statement today confirming speculation that they are looking at esignatures as a means of completing real estate transactions. The real estate industry in Brazil has been buoyed by a new survey that shows that hosting an international football tournament will do more to boost a nation that any other sporting event. Does anyone out there have any information about the development, Lago Azul, located just outside Tibau, on the road to Pipa????? It is very possible that the documentation was approved later but I did not follow up - I think I spent around 7 months trying to get the documentation unsuccessfully and then gave up.