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This topic contains 7 replies, has 5 voices, and was last updated by Profile photo of Inez Inez 9 years, 2 months ago.

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  • #53151
    Profile photo of katy
    katy
    Spectator

    Only just got around to reading the newspaper Sur de málaga

    British Forums heat up against the Costa (They seem to have been reading this forum!!)

    !00’s of purchasers of illegal properties go to court to cancel their contracts

    Will post more later if I have time

  • #75079
    Profile photo of Anonymous
    Anonymous
    Participant
  • #75229
    Profile photo of katy
    katy
    Spectator

    The English version was in http://www.surinenglish.com on Friday. Also a fe comments fromlocal Lawyers.

  • #75235
    Profile photo of Anonymous
    Anonymous
    Participant

    Katy

    good to see this, and well done everyone for highlighting it. I feel we really need these reports in the open, as to those potential customers not directly involved currently, but seriously considering their options, this will be of serious concern. It will also be of big concern to the low-life hoping to screw a few more thousand people, as it reads as a mass concern by people doing their homework, rather than a personal vendetta or just a limited group of unhappy customers.

  • #75249
    Profile photo of Anonymous
    Anonymous
    Participant

    Yep
    Great to see the report in English
    Think this is to say a right mess and could just be the two cases that
    may answer which way its going to swing.
    The advice I have at the moment is
    (1) It has been known for some time that many had a good case on Los
    Lagos due to planning issues on the actual build.
    Regardless as we all know the case should be won purely on a contract basis that you pay a deposit on the terms that its delivered at a specified time or the contract is broken.
    How many of us would have signed if it said? YOU PAY US A DEPOSIT BUT WE CANT TELL YOU WHEN YOU CAN HAVE THE GOODS OR YOU MAY NOT GET WHAT WAS IN THE CONTRACT /MAY NOT GET IT AT ALL BUT WHAT THE HECK.?
    (2) The interesting one will be Green Hills as this appears to be just an
    occupancy license issue ( not withstanding that at this point of time like many others its classed as not legal by one sector and legal by another as it has full planning, this could just set the precedence for the whole future of the stated 200 developments and thousands of properties.
    What chance for the L.F.O issue standing on its own merit ?
    (3) Now let’s assume that the developer looses and this will then become the law.
    Who is going to pay everyone back their deposits/legal fees and interest?( the market will be in dire turmoil)
    (4) Then let’s assume the other option that the developer wins and this
    then that becomes law.
    Purchasers will probably be given 2 weeks to complete/ May get hit for back dated management fees etc etc.
    How many have mortgages in place/how many will be able to get a mortgage? now that credit will be much more difficult to obtain.?
    How many will have arranged power of attorney?

    It could be seen that it’s a no win situation

    Win the case and the developer goes bankrupt It’s a loss.
    Loose the case and finances and everything are not in place to
    complete and it’s a loss again.

    One thing is for sure,cant see many winners here and they need to get
    this sorted one way or another as some of these developers will go
    belly up before tooo long.
    Someone tell me again that there is a legal system in Spain to protect
    us all ?

    Frank 8)

  • #75254
    Profile photo of Inez
    Inez
    Participant

    Brandy time I think!!

  • #75255
    Profile photo of Anonymous
    Anonymous
    Participant

    Inez. Make mine a treble. 😕

    Frank 8)

  • #75256
    Profile photo of Inez
    Inez
    Participant

    Too late – Ive just finifhed the bottle! What a day and still here at work!!!!!!!

    Came to Spain for easier life grumble grumble grumble!

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