View Single Post
Old 01-04-2004   #5 (permalink)
Brian
Administrator
 
Brian's Avatar
 
Join Date: Dec 2003
Location: Yokohama, Japan
Posts: 1,083
Blog Entries: 5
Thanks JR,

Our legal position is pretty clear, but the gov't here is extremely weak when it comes to dealing with the private agents they license, and enforcing laws and regulations that already exist on the books. We've proven our grounds for the agent being in the wrong, and even that they have broken laws that could have his license removed for 3 years. The gov't won't punish people unless you sue them privately first, and since we don't think that he has the money to repay even if we win...it's not worth the time and effort. Even more unfortunate is the fact that there's no system of escrow here to protect buyers, so you really have to be careful when buying property, or you can get thrown to the wolves in terms of losing a sizable deposit even if the seller comes nowhere near fulfilling their obligations to the buyer.

Japan essentially has a common law system somewhat similar to the US and England, the big difference is that it seems like a lot of the logic behind it was applied by a group of 12 year olds.

The other party is insured, so that's how we're going about getting our money back. It's going to take until the end of the year, so it puts a lot of dampers on my plans. :cry: :cry: :smt010 :smt010 :smt011
__________________
Brian Sousa
Koi-Bito Magazine
Brian is offline   Reply With Quote