Illinois  |  Real Estate Law

Legal Question

Asked on: 7/26/13, 9:05 pm

On foreigners investing in condo units here in the Philippines... What protection do we have against delayed turnover say bec of earthquake and the real estate company going bankrupt? What if I have already paid up 50% and the construction of the building is halted and won't be continued anymore? What right do I have over the property? Will the real estate developer return my money? Thanks!

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