20 May 2014 5:07 PM:
Roy,
You will not find anything regarding the BBVA Bank re the auction as it is , from what I have been told , being held by the Administrators who were appointed by the liquidators of Procobar.
Another point which you appear to have incorrect info. on is that ALL of us early buyers who completed in 2007 , actually received their Deeds and had their Elect. and Water meters connected BEFORE we got hold of our COH's , which we had to go to MASA's office in Alicante to collect in person and take with us proofs of ID etc. At the time of signing for our Deeds we had our Solicitors present ,Procobar and their Solicitor and also Procobar's Mortgagor , and even the original land-owner ; then there was an almighty shuffle of money and forms accross this huge boardroom table in order to complete in front of the Notary.
Now , as far as I am aware , there were people in Almeria who received their Deeds and COH's and yet , due to the corruption of Town Halls / Mayors / and other local "Planning Officials" , they have now lost most of their life savings because their properties have either been bulldozed because they have been declared illegal or the houses cannot be sold or disposed of for the same reason . This same state of affairs exists in localities such as Trampoline Hills and Valle de Sol .
It is for all of these reasons ( which are frequently given coverage in the Press in the UK ) plus endless and constant changing of Spanish bureaucracy, that endless future prospective purchasers ,decide that they won't touch any "Spanish Dream" with a bargepole and therefore that the property market in Spain is not likely to recover in the next 50 years , by which time most of us will be well and truly departed .
And another point ; how many businesses here in Spain declare and pay to the Hacienda ALL of the IVA monies they receive when they sell their goods and services ? Or is it only in the UK where traders are obliged to fill in VAT returns for periods not exceeding 3 months ? Have you or anyone else ever heard of an IVA Inspector or equivalent here in Spain ? Do they check that their Output IVA stacks up with their Input IVA ? This is a serious matter , because if Spain is ever to get out of the mess it now finds itself in , then they need all of the legal revenue they can get their hands on .
Community thread:
Bank auctions
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