Hi Rico - welcome on board !

I think you actually emailed me recently on this very subject. The only real help I can give you is to seek professional advice. Without full information on contracts you have with this developer, nobody can assist - and anyway, whilst we might give our opinion I don't think any of us are professional lawyers who could really help over the internet.

It's all a bit tricky - the mortgage was late, the developer probably had written in the contract the latest date for final payment, the date was missed..... etc...... It sounds as if you were caught betwixt a rock and a hard place. I think investigations would have to be made as to who was at fault here. Although I wish you much luck on finding out who it was as I suspect both the financial institution and the developer both have so many caveats it will be a legal nightmare.

Anyway, I did suggest to you in my response to your email to contact a lawyer which you said you would do..... have you got in touch yet? Any ideas of how they might be able to assist once they have full paperwork?

All the very best

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Jain Goodall, Director, Quest Bulgaria Magazine

Independent advice and information for owning and buying property in Bulgaria
http://www.questbulgaria.com