Q: I have paid my downpayment in full and I relied on the promise of the developer that the unit I bought will be delivered last year. I found out that at the time I signed the reservation agreement, there is no license to sell yet, worse there was no building stated by the developer. Can I ask for a refund?
Answer: If the developer sells property without the required license to sell issued by the HLURB, the developer will be violating PD 957. The remedies for a buyer of the property are stated in Section 9. It provides:
Answer: If the developer sells property without the required license to sell issued by the HLURB, the developer will be violating PD 957. The remedies for a buyer of the property are stated in Section 9. It provides:
SEC. 9. Revocation of Registration Certificate and License to Sell. -The
Authority may, moto propio or upon verified complaint filed by a. buyer of a
subdivision lot or condominium unit, revoke the registration of any subdivision
project and the license to sell any subdivision lot or condominium unit in said
project by issuing an order to this effect, with his findings in respect
thereto, if upon examination into the' affairs of the owner or dealer during a
hearing as provided for in Section 14 hereof, it shall appear there is
satisfactory evidence that the said owner or dealer:xxx b) Has violated any of the
provisions of this Decree or any applicable rule or regulation of the
Authority, or any undertaking of his/its performance bond; or c) Has been or is
engaged or is about to engage in fraudulent transactions; or d) Has made any
misrepresentation in any prospectus, brochure, circular or Other literature
about the subdivision project or condominium project that has been distributed
to prospective buyer;
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