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camel · 24-09-07, 11:09 PM

mintmagic: I am not a lawyer but my understanding is that in theory this cannot happen as developers cannot sell until they have the Bank guarantee.

My other undesrtanding is that the Developer will not be offered a guarantee until the foundations are laid.

I hope this confuses the issue for you. It was not my intention.

24-09-07, 11:09 PM	#3 (permalink)
camel Active Member Join Date: Sep 2007 Posts: 94	Re: Developers going bust mintmagic: I am not a lawyer but my understanding is that in theory this cannot happen as developers cannot sell until they have the Bank guarantee. My other undesrtanding is that the Developer will not be offered a guarantee until the foundations are laid. I hope this confuses the issue for you. It was not my intention.