You just hit the nail on the head.
The appraisal was for 2008. Is CGAQ telling us that they signed
a SALES agreement as oppose to a PURCHASE agreement and
that they are relying on a 2008 appraisal ?
Are they telling us they cant afford a new appraisal ?That is
a huge sum of money to pay without having an appraisal done.
Who came up with the new value of the property of $13,000.00 U.S..
The condominiums were sold to different individuals when first
built . Has this ownership changed since?
I also notice it states that it (CGAQ) has signed a sales agreement.
Has the other side also signed and agreed to the purchase price ?
You would also think that Mr. Leiber from what I have read in the
posts would already have a lender on hand. " Swank is in the middle
of negotiations with several lenders".
WE ( SOME OF US ) DEMAND ANOTHER PRESS RELEASE THAT CLARIFIES
THE AGREEMENT, THAT THIS WON'T TURN OUT TO BE LIKE THE
HIPODROMO V CENTENARIO RACETRACK DEAL.