Sunday, November 15, 2009

buyer beware

This is the ongoing story in Investing in Paradise in Calicoan Ocean Villas Group....

Last November, I flew to Cebu, in the Philippines to see if it was true that
"Foreigners can invest in an island paradise" The realtor and the professional staff greeted me
and I had a nice tour of the Models in their Cebu office, then the next day flew out to see the Island.

Three days later I was satisfied and very happy that I could own some of this surfers paradise.
I payed my 1000$US down payment, and signed a contract and would agree to send the down payment on my property.

Our prices are going up "10%" every year, so it's a safe investment, I thought.

after 4 months of sending payments, I sent some emails inquiring to when I would receive my
contract, and perhaps a title--and therefore be able to refinance away from their in-house 10%.
This is where I soon learnt of how unprofessional the staff at Calicoan Ocean Villas are.
But don't listen to my opinion.

Here are the emails... notice the dates.


Carmela notice the date below is March 21. 2009
Also notice that you have not yet sent me a summary of my payments
that you said you would six months ago.


On 3/21/09, SALES - Calicoan Ocean Villas Inc.
<sales@calicoanislandvillas.com> wrote:
> Dear Mr. Dusen,
>
> How are you? How is life going on there? Btw, I would like to clarify if u
> send money to BDO savings account for your monthly amortization this month.
> Please send us a copy of your wire transfer if the deposit was made for our
> reference to the accounting department.
>
> By next week we will send you a copy of your legal doc. for you to review
> in
> that way you have an idea how to distribute the 60% shares which is own by
> 4
> Filipino nominees.
>
> Thanks and Best regards,
>
> Carmela P. Cohena


Greetings Mr. Dusen,

I'm sorry if i did'nt send yet the legal documents, I've been in
Calicaon Island and i just arrived here in cebu last night June 15,
2009. but i requested already your legal documents from the legal
department before i leave cebu.

I will report at the office tomorrow morning and I'm going to follow
up the legal departments with regards your legal documents so that i
can send it to you as soon as possible.

I will send to you also the summary of your payments.

Thanks and best regards.



Sept 30, 2009
Greetings Sir Kevin,

I apologies for the late reply of your email as well as the delayed
delivery of your legal documents. I just came back here in Cebu from
my business Trip in Calicoan Island i stay there for almost one month.

I assure you sir i did my best to make all the transaction faster than
we expect as soon as i have the copy of your legal documents i will
send it to you right away.

Thanks and Best regards,


Dear Lec, and Carmela,

It has been 4 weeks since you said:

Lec wrote:

On Monday or tuesday October 20, 2009 ill give you un update.. I
already selected nominees of your two corporation..Regarding of your
concern of transfering to another lot, im sorry but its not available
already.....

By the way sir.. i will update you next week, so that i could email to
you the legal docs for your signature...


Carmela P. Cohena

Ms. Welhelmina Bahala,

I have been waiting for 3 weeks to hear from you, as Carmela P. Cohena
the Sales Account Executive at Calicoan Ocean Villas has told me you
would email me.

In fact I have been waiting almost a year and have received nothing in
regards to my property at Calicoan.


I am very curious as to how you and Calicoan Ocean Villas, Inc plan
to be a successful
million dollar company when this is how you deal with your clients.

As you can see in the following email, I had originally requested Ms.
Tessie Lim to be a shareholder, but since she is no longer the GM of
your company, I guess Carmela
can be one and you can choose the rest.

Should I be concerned that Ms. Lim is no longer with your organization?

She was in fact the only one who returned my email within a week and
included all the
facts and figures of my payment transactions.


Thank you.

p.s. Who is the new General Manager there?

I would like to speak with them. Please send me their contact information.I look forward to your fast reply,

As for now that's my island paradise...
I'll keep you updated on their next reply.

until then buyer beware.