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Hi, I am a newbie to this forum, but am a regular member of the Tenerife forum, as this is where we own property.
I have joined this forum to ask if anyone has any information on property in Valle del sol.
The reason I ask is that this is where my parents have “bought” property some 5/6 years ago. They are on the edge of the 3 molinos resort at Gea y Truyols. They developer they bought from at the time was Pegasus SL, headed by Lorenzo Garcia and his son Roberto. They knew that it was illegally built at the time, but were promised that legalization would follow. There was no mortgage involved and it was a cash deal. My parents’ home was one of six, who now find that their homes are built on land that is not owned by themselves as there is a debt on the land, of which the title has been returned to it’s previous owner, a Snr. Calero. My parents, along with the other 5 owners, have been told that the debt on the land is to be repaid by Lorenzo Garcia, and that legalization will definitely follow.
I feel very suspicious of everyone involved, and am worried that they will be scammed out of further money.
Does anyone have any information on this development or the people involved? My parents could be in line to lose everything they have worked for all their lives.
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You are right to be suspicious. There is no way that Lorenzo or his son will pay the debt. Like father like son.
People who do illegal things at the outset have no intention to honour anything, legal. right moral or not. As Rob indicated who says that the legalisation will follow ? If yes what will it cost ? ofcourse legalisation is a different process to clearing the debts on the land & or property.ve
I am afraid you & others owners of the Villas need to get a good independent lawyer. I would use one from Madrid so that you could limit the chances of the local lawyer being influenced.
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You are right to be suspicious. There is no way that Lorenzo or his son will pay the debt. Like father like son.
People who do illegal things at the outset have no intention to honour anything, legal. right moral or not. As Rob indicated who says that the legalisation will follow ? If yes what will it cost ? ofcourse legalisation is a different process to clearing the debts on the land & or property.ve
I am afraid you & others owners of the Villas need to get a good independent lawyer. I would use one from Madrid so that you could limit the chances of the local lawyer being influenced.
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@shakeel wrote:
You are right to be suspicious. There is no way that Lorenzo or his son will pay the debt. Like father like son.
People who do illegal things at the outset have no intention to honour anything, legal. right moral or not. As Rob indicated who says that the legalisation will follow ? If yes what will it cost ? ofcourse legalisation is a different process to clearing the debts on the land & or property.ve
I am afraid you & others owners of the Villas need to get a good independent lawyer. I would use one from Madrid so that you could limit the chances of the local lawyer being influenced.
They have chosen a lawyer between them, and YES, he’s local, and used to work in Torrevieja, and now works in Murcia.My dad is influenced by the others and does not want my lawyer in Tenerife to be involved. I am very, very suspicious of the whole thing. They are mostly in their 60’s & 70’s and seem very naive to me.
I 100% agree with your opinion that people who are dishonourable at the outset, have no intentions otherwise. Do you make the comment regarding Lorenzo and his son because you know of them, or is it a generalisation? Any info from anyone MUCH appreciated, thanks.
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@shakeel wrote:
You are right to be suspicious. There is no way that Lorenzo or his son will pay the debt. Like father like son.
People who do illegal things at the outset have no intention to honour anything, legal. right moral or not. As Rob indicated who says that the legalisation will follow ? If yes what will it cost ? ofcourse legalisation is a different process to clearing the debts on the land & or property.ve
I am afraid you & others owners of the Villas need to get a good independent lawyer. I would use one from Madrid so that you could limit the chances of the local lawyer being influenced.
They have chosen a lawyer between them, and YES, he’s local, and used to work in Torrevieja, and now works in Murcia.My dad is influenced by the others and does not want my lawyer in Tenerife to be involved. I am very, very suspicious of the whole thing. They are mostly in their 60’s & 70’s and seem very naive to me.
I 100% agree with your opinion that people who are dishonourable at the outset, have no intentions otherwise. Do you make the comment regarding Lorenzo and his son because you know of them, or is it a generalisation? Any info from anyone MUCH appreciated, thanks.
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