Hi David, you make the point yourself but of course if everyone takes legal action then there will be no Maesbury Homes to claim anything from. The lawyers blogs/ websites/ emails that I have reviewed, and they are many, seem to take pride in causing resorts or developers to go bankrupt. Violation of the ILSA is also apparently difficult to prove. In many cases the best that can be hoped for is the return of any funds held in escrow. Many lawyers, and certainly those involved in the resorts you mention, only entertain cases with such funds as they know that if they take enough of them on, they pay. For example, in most cases, 10% of the purchase price is held in escrow. If the lawyer secures 35% of these funds on a contingency basis and brings 100 or 'consolidated' cases on the same development, he stands to make about 1 million dollars plus his 55 grand in upfront charges. Not bad money for filing the same paperwork over and over. Each investor stands to get back about 18,000 of their 100,000 original investment if of course the developer can stand the hit. Winning a judgement and having it satisfied are two very different things, especially with these sums involved. With regard to Caleb's Club, there are of course no funds in escrow, you waived that right in your contract. The minimum a 'contingency' lawyer would look for therefore is not there and so you would be unlikely to get anyone to take your case anyway. You could of course pursue via a normal real estate lawyer, but look for costs of up to 25,000 with no guarantee of success as I have explained.
Please view www.maesburyhomes.co.uk, you may find that helpful in your case and feel free to contact me again should you need more help.