[UptownGirl]

Ok so Uptowns should be next….we are all still sitting in limbo 7 years in

Nope! The courts ruled that Uptowns must be finished, whereas Backyards was sold because construction hasn't commenced. The purchasers of Backyards decided to terminate all the Purchasing Agreements for that Project.... So we have to still wait a few more years...

 

[jbaa1]

Nope! The courts ruled that Uptowns must be finished, whereas Backyards was sold because construction hasn't commenced. So we have to still wait...

Must be finished ?

But if they up prices , they can practically weasel their way out .

So does this mean the court has to approve an increase?

 

[UptownGirl]

Must be finished ?

But if they up prices , they can practically weasel their way out .

So does this mean the court has to approve an increase?

They have to legally finish Uptown. If KSV requires more money from us, we have the right to request our deposit back. Then they would sell our unit to someone else for a new price. But either way, they still have to finish Uptown.

 

[jbaa1]

They have to legally finish Uptown. If KSV requires more money from us, we have the right to request our deposit back. Then they would sell our unit to someone else for a new price. But either way, they still have to finish Uptown.

Oh okay got it .

So request for more money , will be unit by unit ? So someone may keep to the original contact , and someone else may be asked to pay more?

 

[UptownGirl]

Oh okay got it .

So request for more money , will be unit by unit ? So someone may keep to the original contact , and someone else may be asked to pay more?

Exactly! It all depends on your purchasing price at the time you bought your unit.

 

[jbaa1]

Exactly! It all depends on your purchasing price at the time you bought your unit.

Ah okay . I’m screwed lol 2017

 

[Deanfeb]

Ah okay . I’m screwed lol 2017

Me too 2017.. but thats ok i want my cash back anyways!!

 

[UptownGirl]

Ah okay . I’m screwed lol 2017

Lol, me too....the people who are good are those who purchased in 2020/2021 when the Oasis was going for over a million dollars

 

[Michelle C]

Me too 2017.. but thats ok i want my cash back anyways!!

There is no way they can complete the project for what the 2017 purchasers paid. Wish they just hurry it up already, ask us for more money get it over with

 

[jbaa1]

There is no way they can complete the project for what the 2017 purchasers paid. Wish they just hurry it up already, ask us for more money get it over with

Not sure what the hold up is. Hopefully by end of august deposits are back!

 

[Deanfeb]

Lol, me too....the people who are good are those who purchased in 2020/2021 when the Oasis was going for over a million dollars

Imagine people paying that now .. geez

 

[gquest]

Nope! The courts ruled that Uptowns must be finished, whereas Backyards was sold because construction hasn't commenced. The purchasers of Backyards decided to terminate all the Purchasing Agreements for that Project.... So we have to still wait a few more years...

This is incorrect...

You are mixing it up.Backyards is different from Lakeview. Please read the legal brief.

Backyard kingsmill is 80% complete. Construction has gone far. But for some reason KSV decided it's best to sell it and the new buyer of the project opt to terminate the Purchasing Agreements and refund deposits.

Lakeview view is yet to commence any Construction and KSV decided to keep it. They'll start and finish the project.

For Uptowns...KSV decided to complete it as it is the best way to maximize shareholders return.

The court cannot rule for any project to be completed or sold except KSV recommends it.

 

[gquest]