justice for some?

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This topic contains 4 replies, has 4 voices, and was last updated by Profile photo of Anonymous Anonymous 8 years, 9 months ago.

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  • #53750
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    Anonymous
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    so what do the experts on here think of this report below ? Will it mean endless appeals lasting years by Aifos if they lose these cases. Or is it good news for those who have been wronged?

    It’s great to win your case, but will people get anything if they do, before they die of old age? Is there a maximum time for compensation to be paid in whatever form it might take?

    Málaga Law Courts have more than 200 litigation procedures under way against developer AIFOS.
    2008-02-04

    Various rulings oblige the developer to refund its clients stage payments as well as compensate them for moral damages. Company sources assure that many cases are been solved by offering the clients to swap over to other developments.

    Marina Polonio Diario Sur

  • #79628
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    Anonymous
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    @goodstich44 wrote:

    Various rulings oblige the developer to refund its clients stage payments as well as compensate them for moral damages. Company sources assure that many cases are been solved by offering the clients to swap over to other developments.

    Marina Polonio Diario Sur

    Most larger developers try and offer an alternative property on another development before having to give back the money.

    However, should the buyer decide against the alternative and demand the cash back, the refund should be immediate. (assuming they developer has the cash in the bank) If not, then lenghty appeal proceedures are the developers only defence against insolvency.

  • #79629
    Profile photo of Anonymous
    Anonymous
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    Hi Peter
    Sadly thats reality as winning the case for many may just not be enough.
    What developers really have the coffers to be able to pay back cash.

    Frank 8)

  • #79630
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    @Just Frank wrote:

    Hi Peter
    Sadly thats reality as winning the case for many may just not be enough.
    What developers really have the coffers to be able to pay back cash.

    Frank 8)

    Some may be solvent at present. After March 9th, very few and by the end of the selling season (October) – probably none Frank

  • #79643
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    Anonymous
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    trying to get the money back out of them is trying to get blood out of a stone, even after the judge ordered them to return our money they still ignored the ruling. It was only after getting a freeze on their assets and fortunatley picking the correct accoung to freeze (as they have many accounts and you only get a choice of 2 to put the embargo on)we eventually got our money back from them due to the freeze.
    As for this moral compensation…. it should be paid for all the stress and hardship we went through but forget about that…we were lucky to get our money back and the judge ordered that we had to pay our own court expenses ourselves out of our own pocket. I think it is up to what judge you are lucky or unlucky to get but if you come out of it with your money back I consider myself very lucky.

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