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Article: Property boss in legal battle ; A plymouth developer has told The Herald he has identified 10 'serial speculators' who he plans to sue for failing to pay up for apartments at the new pounds25 million Zero 4 building.
- Article from:
- Plymouth Evening Herald, The
- Article date:
- August 18, 2008
- Author:
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Copyright informationCopyright 2008 Plymouth Evening Herald, The. Provided by ProQuest LLC. (Hide copyright information)
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A plymouth developer has told The Herald he has identified 10
'serial speculators' who he plans to sue for failing to pay up for
apartments at the new pounds25 million Zero 4 building.
Mike Hockin, London and Westcountry Estates Limited boss, claimed
last month a number of potential buyers were reneging on deals
because they have got 'cold feet' as the credit crunch bites.
He has now told The Herald he has singled out 10 of those 'serial
speculators' who he believes are planning to auction off their flats
- thus, he said, breaking their contracts.
Mr Hockin wants to sue those who have laid down deposits and
exchanged contracts but who have so far not completed them on flats
at the landmark ...
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