- June 19, 2006 at 10:32 pm #51915
I have just looked on http://www.devwatch.com and found this post under the Green Hills development posted on 16th June onto an old thread. I may be wrong, but I do not think I am, when I say this post was written by a director of Eralia. The grammar is not good…and who else would say such things? 😈
It is a very difficult situation. The Town Hall (comision gestora) will not grant the FOL now and surely they will take some time until a general solutions is taken (new PGOU – general urban plan for Marbella) for all the “not so legal” developments in Marbella.
In one hand you have the fear of signing without the FOL and with the doubt of whether the works carried would ever be legalised by the new PGOU.
On the other hand, there is something that I believe nobody here has commented so far: The developer is in a extreme risk of bankrupcy ad if such happends before you get title for your property, then forget about your apartment or the 30% paid up front. You would joint the list after the bank (that has funded already 80% to the developer), the national insurance (for all payments to them due from the employees) and the employes and suppliers.
Although I know it is not the ideal situation it might be better to complete and wait for the legalisation once that the new plan is granted (I don’t think that there is a real risk of demolition) than facing a potential bankrupcy of the developer
I wrote a reply. 😉
- June 21, 2006 at 9:21 pm #62971
Someone that I met on this forum when I first joined last May, has just banked a cheque from the developers…paid by them without interest. 😈 😈 They had bought on the upper level.
- June 22, 2006 at 11:52 am #62991
If the developer goes bankrupt and you have a Bank Guarantee surely you will get your deposit back. Is that not the whole point of it 😕
- June 22, 2006 at 1:15 pm #62996
That’s how it is supposed to work Anita.
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