Areias Coloridas Morro

Areias Coloridas Morro Branco oasis atlantico Sell non-existent real estate Internet

3rd of Jan, 2011 by User242249

On advisement from International Living's Ronan McMahon, bought off-plan real estate for a resort that would have been built. Construction was to start on September 1, 2009.

Communication was virtually non-existent with the developers, Terra Brasilis online and Oasis Atlantico, but BLC (the marketing company) kept advising us to make our monthly payments in good trust. Flavio Pinto, the lawyer working recommended to us, became indignant when I asked too many questions.

In good faith (read stupidity) I kept making the payments. We were never notified of delays by the developers. We are out of $24K already, and construction has still not started. E-mails written to Ana Maria at terrabrasilis come returned, undeliverable.

To other readers, don't be as gullible as I am, and be VERY careful - buying off plan is just a bad idea.

Track this Report 1 Comment | Post a Comment

Comments

4950 days ago by Azsye

What did the lawyer have to say?? Did he work for you or for the developers? Always hire your own lawyer! Especially in off-shore situations. Did you even go look at it?

I can't help but ask how much due-diligence you did before buying.