A Message from MCL – You Signed a Contract

First of all, I apologize for the hype. I will never make that mistake again.

I did my best to confirm that the note below is from MCL, and I believe it is. You will see that I asked for them to confirm it was from them, and they did so.

Follow the link at the bottom to read the court order document that was attached in their mail to me.  I’ll let it speak for itself.

Please understand it is not easy taking on this role, especially now, with so much happening and so much at stake, for all of us, MCL and the pre-sales buyers. I am doing the best I can, but again regret the hype. I have never been at the center of so much drama ever before. New plot twists every moment. This is a story that will seemingly never end.  Thank you for sticking with me.

If you have feedback, please share it in a comment or write to vuebuyer10@yahoo.com. I expect I am going to get an earful for the angst I have caused over the last 2 days.

—– Forwarded Message —-
From: TheVUE <TheVUE@vuecharlotte.com>
To: Vuebuyer10@yahoo.com
Sent: Fri, October 8, 2010 12:49:20 PM
Subject: Verification

This is to confirm that I legitimately represent MCL Companies. This email was created for this purpose and is not a reliable means of correspondence. Thanks.

MCL

From: Mike Smith <vuebuyer10@yahoo.com>
To: Mcl Developer <mcldeveloper@yahoo.com>
Sent: Fri, October 8, 2010 11:26:59 AM
Subject: Re: Message for VUE Buyer Blog

Thank you for this note. I absolutely would like to post it, but need to be sure this is legitimately from MCL. The address (MCLDeveloper@yahoo.com) is not solid enough for me. Would you be able to have someone from the sales office or someone with an MCL Company address (that is not yahoo) confirm this is from MCL or send me the same mail but from an mcl or vuecharlotte domain rather than yahoo?

Thank you!

—– Forwarded Message —-
From: Mcl Developer <mcldeveloper@yahoo.com>
To: Vuebuyer10@yahoo.com
Sent: Fri, October 8, 2010 12:00:13 PM
Subject: Message for VUE Buyer Blog

In the interest of informing the VUE buyers, please post the following message and PDF to your site from MCL Companies: 

Buyers, 

Please be aware of this recent North Carolina court case in which the buyers refused to close on their condominium units.

 Sincerely,

MCL Companies

Link to the Court Order PDF Document

updatedcourtorder

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8 Responses to A Message from MCL – You Signed a Contract

  1. Dan says:

    You should have created a http://www.vuebuyercharlotte.com website and been hosting paid advertising. You could have been raking it in.

    I truly believe MCL will sue each and every person who breaches contract.
    Maybe the building will indeed be 60% sold by Christmas.

    • Brock says:

      Doubt it. If you can’t close due to lack of funds (banks work off appraisal) than you can’t close. Celadon had 24 Units- most closed. Vue is a much higher price point and if you believe MCL they have 240 pre buyers. If half are financially unable or unwilling to close that leaves 120 individual lawsuits. Maybe this is naive, but why sue when there aren’t assets available to recover?

      • Dan says:

        I believe that most of the buyers have the funds. They are just not wanting to throw good money after bad. If that is the case I think MCL will sue. I don’t blame either party. Both are trying to protect their cash.

  2. Ken says:

    If all of you are forced to close and you in turn decide to list your condos for sale then you are going to need some great marketing to gain showings. Since they are using TradeMark and Avenue as comps for appraisal purposes I thought I’d show the 2 recent real estate mls tours that I’ve done in these buildings.

    http://www.hdvisualsolutions.com/postcard.php?houseid=46

    http://www.hdvisualsolutions.com/postcard.php?houseid=50

  3. Shelley Lewis says:

    MCL Companies is hoping that this threat will force at least a few more people to close – there is no way they can afford to sue everyone that can’t/won’t close. MCL knows they are screwed and now they have resorted to bullying. I am betting this tactic backfires on them. I can’t believe anyone would close on one of the units now!

  4. Woman Scorned says:

    Wonder if the Vue has a contract with the webmaster that’s maintaining their website (which was last updated in July)?

  5. Holly says:

    This is truly unbelieveable! Put aside all emotions and self interest for a minute. Do you believe the absolutely GUTLESS, UNPROFESSIONAL approach of MCL sending an anonymous email like this to the blog? First they try doing it with a made-up Yahoo email address, and then they do it with an unsigned email from vuecharlotte.com? If we ever wondered if we were buying from a group of absolute scoundrels we can now be certain that we are. I now put stock in all the negative swirling around MCL– the lawsuits against Dan McLean by buyers, bankers, and even his business partner (to whom he had to pay a PUNITIVE $1 million. How blatantly do you have to cheat someone to generate damages like that?).

    This also has to make you wonder, what is going on behind the walls of this new building in Charlotte? What shortcuts and cheap materials were used by a firm like this? I was walking away before, but now I am sprinting away.

    I can empathize with MCL’s situation, but not their behavior, and certainly not with their approach.

    Here’s what I would like to do now. We tell MCL we aren’t going to close, that we want to negotiate prices to a reasonable market value. If not, we’ll play their game right back at them. Let’s put together a legal defense fund and fight these guys. Each of us putting money in to fund it so it won’t be overly burdensome to any one of us. A class action lawsuit by us against them. My only concern is that McLean et al have so much experience defending themselves from such lawsuits because of all the people they’ve cheated in the past! Fortunately for us they’ve been so consistently in the wrong that they don’t (and won’t) win.

    We should also let the Charlotte Observer know everything possible about this situation, including sending them a copy of this “anonymous” letter from MCL, and informing them of the original yahoo email attempt.

    Vuebuyer/Mike, I would ask you to put a post on the main page suggesting an approach like this, or notifying your readers that one of your fellow buyers is suggesting an approach like this.

    Thank you again for providing this forum for us.

  6. Alice says:

    I agree and would ask vie buyers who have excellent attorneys they trust to advise on this situation to resolve it in the fairest way possible for all parties. Losing money on an investment is hard, but if I got myself here fair and square based on complete, accurate, and honest information, then it is my responsibility. If, however, we have been misled and cheated by someone who has already faced lawsuits for displaying this type of dishonest behavior in past deals, it is imperative that we immediately seek counsel to protect ourselves. I urge you to reach out to your attorneys and see if there is anything we can do to put ourselves in a better position to negotiate for a fair price based on the quality we were promised.

    Mike has sought to provide fair and balanced information on both sides and to connect vue buyers in open dialogue, never to intentionally stir people up or cause controversy. Mcl continues to give us more reasons to be concerned, suspicious and angry. This email is representative of their vindictive attitude toward buyers, many of whom, by no fault of their own, find themselves in very different financial circumstances then they were a few years ago. We do not ask them to do anything extraordinary for these people, only to charge a price commensurate with the true worth of the building at this time and to communicate truthfully with buyers, treating us the way investors should be treated.

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