So what is really going on here? We all like to blame the developer for their lack of communciation, but what can they really do?
Its obvious that the problem is CONFOTUR, right? And what exactly is the problem? Is it that our developer has no clue how to get it, or is it that someone high up in the DR government is blocking the way? Or both?
But, they do own the land, right? And, it has appreciated nicely, right?
And, what does the developer really make without the 70% due on completion? The value of the property certainly must be more than the 30% that we put down, right?
Does anyone know anything?