Quote:
Originally Posted by Peter Mitry
In good faith and believing this to be a potentially superb project Egypt Real recently listed this on our website.
However, we have been advised in the past 24 hours that the proposed constructors are not the owners of the land and that the land owner has recently died leaving the land to his two young daughters who are minors.
If this is the case how can any constructor have a legal right to build on land which is not his and where the legal owners are young children?
This is what Due Diligence is all about. If the correct documents are in place then potential buyers can move forward without these sort of worries.
If no evidence is forthcoming which disproves what we have been told then we will need to remove MABR from our website until this issue is resolved.
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Thanks Peter. I will check with my agent what is going on.