TO MVCROMA:
good day sir...
i do have same question...
but what if i got only 8 or lesser than in your
equation...can i refund also?...
i have my 8 mos. down payment, and i decided
to withdrawn...due to their project was not yet develope as per approved plans and with in the limit for development...
thank you[u]
IREFER MO ANG CASE NA ITO SA ISANG LAWYER.
ITO LANG ANG IDEA KO PARA ME GUIDE KA AT ANG LAWYER MO.
HINDI KA MAKA AVAIL S MACEDA LAW KASI DAPAT 2 YEARS OR 24 MONTHLY INSTALLMENTS DAPAT NABAYAD MO BEFORE KA MAKA AVAIL.
ANG LAW NA PUWEDE MO ma avail is PD 957. kasi sabi mo you desisted from payment because the owner/developer was not able to develop per approved plans and within the time limit allowed by law.
Pero nakasaad sA law is dapat nagbigay ka ng due notice to the owner or developer bago ka nag desist s payments. pagnaka bigay ka ng notice niyan s owner or developer, puwede ka mareimburse s total na binayad mo. hindi lang 50% cash surrender value.
ito ang nakasaad s PD 957.
Such buyer (iyong nakabigay ng due notice at ang reason is failure to develop ng developer per approved plans at within the time limit) may , at his option, be REIMBURSED THE TOTAL AMOUNT PAID (TINGNAN MO. 100% NG NABAYAD MO, HINDI LANG 50%), INCLUDING the amortization interest ( but excluding deliquency interest) plus 12% interest thereon (12% interest s total principal nabayad mo at amortization interest).
summary:
a. principal- - 100%
b. interest s principal
or amortization interest- 100%
+ 12% interest sa letter a and b
pero iyong interest na nabayad mo
dahil nalate ka sa bayad mo s monthly amortization mo, hindi iyan reimbursable kasi kasalanan mo iyan e.
[u]
PLEASE TAKE NOTE S REASON WHY NAGDESIST KA S PAYMENTS:
1. FAILURE TO DEVELOP PER APPROVED PLANS
O KAYA WITHIN THE TIME LIMIT ALLOWED BY LAW
- PD 957 IYAN.
- 100% reimbursement etc etc (see the abovementioned data)
2. if iba ang reason other than the failure to develop, maceda law ang applicable if nakapay ka na ng at least 2 years installments
- macedaw law
-50% cash surrender value , and after 5 years of installments, an additional 5% for every year but not to exceed 90% of the total payments made