Hi All, a sorry state of affairs with superior. I signed for a house at regal oaks in 2005 but have been told that I have to transfer my deposit to another house that has already been built.
As I see it we have 2 options 1) try to get the deposit back via the courts. 2) Switch it to a house we didn’t want in the 1st place.
Pros for option 1 are that if it comes off we get our deposit back. Cons are that it will be costly to go via a lawyer even if we club together. It will take a long time, a year to get to court and then one or two more to get the cash id there is any left.
Pros for option 2 are, if it comes off we end up with a house albeit not one we wanted. In the long term we may even make a profit. The location for rental potential is good near old town. Cons Not what we wanted, may not come off and do we trust superior.
Difficult decisions to be made
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