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Tanjah Beach and Golf Resort
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Fonty
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Quote Fonty Replybullet Posted: 16Jul2008 at 8:51am
Mark, do you know roughly what the requires are?
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manor park
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Quote manor park Replybullet Posted: 16Jul2008 at 1:56pm
Mark
 
we are also talking three years down the line and things change, I can't see the value in doing it now?
 
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Fudge
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Quote Fudge Replybullet Posted: 16Jul2008 at 2:19pm
BCP confirm that the mortgage doesn't have to be in place prior to exchange, however once we exchange we are legally bound to purchase the property.
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BlueFish
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Mark Hargreaves

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Quote BlueFish Replybullet Posted: 16Jul2008 at 3:05pm
Manor, I agree.
 
Fudge, you are legally bound if you don't evoke Article 9 in the report.
Mark Hargreaves
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Fudge
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Quote Fudge Replybullet Posted: 16Jul2008 at 3:11pm
If we assign the contract before completion we may never need a mortgage but this would depend upon finding a buyer.
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BlueFish
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Mark Hargreaves

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Quote BlueFish Replybullet Posted: 16Jul2008 at 3:20pm
Fudge, that is Article 12, have a look at look at Article 9.
Mark Hargreaves
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Fudge
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Quote Fudge Replybullet Posted: 16Jul2008 at 3:58pm
Sorry Mark. I see what you mean but that clause seems punitive as I don't suppose anyone would want to end up 10% down on their original investment.
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Jonsey
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Quote Jonsey Replybullet Posted: 16Jul2008 at 7:45pm
Mark,
 
Do you know the criteria for obtaining a mortgage in principal?
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joey
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Quote joey Replybullet Posted: 17Jul2008 at 1:05pm
Hi all Joey here just some general news Martinsa- Fadesa Spains biggest builder has filed for protection from creditors has deaths of 4 bill. sterling and is at the moment building varies projects in Morocco.
www.thepost.ie  15/07/2008
Joe Dublin Ireland
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manor park
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Quote manor park Replybullet Posted: 17Jul2008 at 2:06pm
joey
 
can't see the story, can you post a link directly to it rather than have to search the paper.
 
Cheers
 
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