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Bahama Bay II Condominium/Resort – Update

Bahama Bay II Condominium/Resort – Update

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Urban Thier & Federer, P.A., currently represents a number of purchasers and is actively filing lawsuits against Maesbury Homes, Inc., in the Bahama Bay II development (Bahama Bay II, a Condominium, also known as Bahama Bay Resort) and has already fully concluded a number of cases. More specifically, the firm is representing purchasers who have entered into an Agreement for Sale with Maesbury Homes, Inc., for the purchase of a condominium unit in the Bahama Bay II development.

A number of purchasers have forwarded to us a “Bahama Bay II July 2010 Update” email received from Maesbury Homes Inc. which also references BB&T, Colonial Bank, Instant Access Properties (IAP) and IAP Global (IAPG).

Maesbury Homes, Inc. and/or the court appointed receiver appear to be pushing purchasers to close on the purchase of their contracted for, or another, Bahama Bay II unit. All Bahama Bay II purchasers, regardless of the status of their contracted for building/unit, should:

  • 1) carefully weigh their rights and options (it still appears that there is no financing in place for the purchase of units in the Bahama Bay II development and, regardless of the economic viability, or lack thereof, of purchasing a unit in the Bahama Bay II development, purchasers should be very cautious about closing on any unit that has remained unoccupied for two or more years with no air conditioning in the Florida heat and humidity);
  • 2) not to be pressured into signing any documents that may waive their legal rights (for example, signing a new Agreement for Sale/contract may be deemed a waiver of all causes of action/legal rights as of the date of signing); and
  • 3) consult an independent attorney of their own choosing, before making any final decision or signing any documents.

We encourage all purchasers to interview any attorney that they may be contemplating to retain and to ask that attorney for their experience, record in this area of the law, number of cases taken to final judgment, number of cases affirmed on appeal, number of attorneys in the firm, firm staff, resources, etc. We sincerely believe that purchasers should not retain an attorney or law firm until they are confident that 1) the law firm has the experience and resources to represent their best interest and 2) they fully understand the law firm’s litigation strategy.

The Florida Bar, which regulates all attorneys who are licensed to practice law in the State of Florida, provides strict guidelines which prohibit us from referring to past successes or results obtained for other purchasers in this or other developments. However, we can provide you with this and other information in response to any inquiry. Accordingly, we encourage you to contact us via the “Contact Us” page and we will promptly respond with additional information. You can also view more detailed information on our About Us page.

With attorneys in Orlando, Florida, and Munich, Germany, Urban Thier & Federer, P.A. continues to assist buyers throughout the United States and European Union countries who are seeking to terminate their pre-construction purchase agreements. Most cases can be handled on a contingency fee basis (client is responsible for costs).

We encourage you to explore our website – to learn more about Urban Thier & Federer, P.A., their attorneys and practice areas. Urban Thier & Federer, P.A.’s representation of buyers includes litigation of cases in state court, federal court and arbitration proceedings. We encourage you to become informed of your rights and options. You should also ensure that any law firm you consult or retain to represent you has the experience, resources and ability to take your case through trial and appellate courts, if necessary.

Please note that Urban Thier & Federer, P.A. does not represent you and cannot take any action on your behalf unless and until you enter into a formal written Legal Representation Agreement.

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