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Cresford Developments - Class Action - Mode Lofts Cancellation Just wanted to round up any final Mode buyers who have not signed the Mutual Release and are still hoping/holding out for a better settlement/outcome. I've located a group of lawyers who specialize in class action. Please email...

Last Call for all Mode Buyers Just wanted to round up any final Mode buyers who have not signed the Mutual Release and are still hoping/holding out for a better settlement/outcome. I've located a group of lawyers who specialize in class action. Please email me at sumbodyhelp@gmail.com

I'm still waiting for my callback about using the credit for future projects, namely the one they are building in place of Mode.

Good point, since this forum does come up on searches, at some point, we should list all of their projects and make sure this forum pops up on the search for everyone one of their projects. Doing this depends how they handle the current situation of course. Angry people do angry things.

Thanks for the tip Beaconer, we'll keep that in mind when we formulate a plan.

I just posted on this forum that I just googled: http://www.mlsgta.com/forum/topic.asp?TOPIC_ID=89 www.mlsgta.com has a blogging site as well, somebody should blog this if they get a chance.

Don't worry, not the end of the world for you, the lawyer has our money anyways, they are just taking it hostage for now, we are entitled to it no matter what eventually. Just better to keep Cresford on their toes thinking we didn't receive the letter yet.

Don't sign for the Registered letter! If you guys want to buy time, don't sign for the Registered mail letter containing the same letter and docs they already sent you. By accepting this letter, they are able to put a date on when you were notified and possibly use this against you in the...

Aim High! I think if you speak to them, don't settle for anything less than a 2 year extention on the Credit Expiry ( Dec.31, 2009) and double the amount you were offered as credit. Aim high folks. I was told that the credit amounts varied based on unit size/number of bedrooms. 2 Bedrooms...

Do not sign - Push back I spoke with Paul Stevens from Cresford this morning, I was impressed I got a call back, I left a message only yesterday with Jerry Cino. I advised Paul that we had formed a group and are seeking legal advice. I first challenged him by asking if they would have let...

Let's all meet, 09152007, could you set it up, send us all an email. I'll make myself free to meet. I'd be willing to chip in to consult a lawyer familiar with these types of cases, at least find out if we have legs to stand on or not. I have been told that they cannot build or sell a...

Did anyone hear back from the CBC reporter, we should send her an update. Honestly, the only other property that I would consider would be the MYC condo, but this project isn't even out, not even sure it will be out by the end of the year. How about this as a plan, one of us should book a...

Just got my letter too. States that you must use the credit by the end of the year and is non-transferable. Also states that they are in the process of re-designing the new building and apologize that they cannot offer us a unit in this new building. Now that is a hunk of crap, the least...

Just to save everyone time, I just called Casa as well, here's what I found out. For more than the price I paid at Mode, I have to downgrade almost 200sqft and lose a bedroom! I'm going to ask for more credit stating it's an insult what they are offering us. 50-60K at least in my opinion...

The 30K credit, is this what everyone is getting? Shouldn't it be proportional to how much you spent? How much was the unit you bought/got cancelled on to get a 30K credit?

Does this credit apply to current or future projects as well? I still like the Mode Area.

I guess this means we are now officially screwed. Looking forward to seeing this letter. Needhelp, could you please post the content of the letter e.g. Interest rate? Meeting? Options on other projects?

I agree, I like what we are doing so far. Perhaps we may bump into other buyers when we meet with the rep. Anybody want to guess on what they will offer us? Anyone still think this project is cancelled? If it's not cancelled, i'm guessing the following changes: 1. Lowered Ceiling...

I was just curious because my agent is going to give me a kick back when he gets paid, approx 1% cash back. That's a good sum of money in my books. It's too bad most people don't know they can negotiate this with the agent and the developer in turn gets to save the 3% instead of giving the...

Real Estate Agents Just out of curiosity, how many of you purchased your units with your own real estate agent present, as opposed to just walking in and registering with the sales office. I'm wondering for those who did not go in with an agent, did the sales office offer any kind of discount...