A valuable lesson for all

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Dear Editor,

Re: Warning after land deal goes wrong 

The government needs to ensure these types of transaction don’t happen. She shouldn’t have to paid additional fees to obtain a lawyer to get her money back. 

People like Tui should have a license to sell real estate that is verifiable through the government.

This will protect both parties from a third party complaint. Each Real Estate Company in Samoa should be registered and bonded by a bank.

When transactions like these occur, the bank can refund the money in full to the buyer while they go after the company.

The individual or group should not be burdened by extracurricular activities/conflicts that is out of their control.

Purchasing a future for your family should be time of celebration and not living a nightmare. This young mother shouldn’t have to chase down her own money.

I’ll give Tui some credit for trying his best to refund all the money. My advice to Tui is, do not agree to a 15% weekly interest again. A 15% monthly interest is the legal and common in these types of deals.

This is a valuable lesson to learned. Both parties suffer hardships on this ordeal.

 

T. Leone

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