31 Dec 2007 11:15 PM:

I've just received a letter from the MHV developer saying that if I don't complete in the next 7 days then they will take legal action and sell the apartment to any third party at whatever price and deduct the difference from my deposit payment and also charge community fees, accrued interest, legal costs etc. They will then hand me back what's left.

Of course the private purchase contract says none of this and they are trying to put the frighteners on purchasers who are delaying or refusing to complete. In the meantime the spanish market has slowed down dramatically, developers are left with unsold units and large borrowings on which they must pay interest to the banks who have financed their developments.

I also know that there is a large group of buyers who are currently taking the developer to court for delays, poor workmanship etc. and they represent soemthing like 20% of the development's units.

As far as I am concerned the developer can f*** off and I'll see them in court because my lawyer's advised that what they are trying to do won't stand up and as long as I stand my ground and can bide my time they will not be able to keep my deposit or a large part of it at all.

Grupo have offered sizeable reductions to some purchasers (I've heard 15%-20%+ off the agreed price) that's how dire their cashflow position is.  

Is anybody else refusing to complete on the same or similar grounds. If you are, have you also received the same or a similar letter recently?

I know the developer monitors these boards, so here's a seasonal message for Grupo:

Grupo - don't think you can frighten non completers off. We'll happily see you in court and I personally can wait for 5 years+ if I have to. Of course you may have gone bankrupt before then if the market doesn't pick up. So f*** off and have a merry xmas and great new year.  Your greedy and unscrupulous practices alongside the agents you fund like Viva Estates are now starting to bite you back. Serves you right.

The people I feel sorry for are those who are in financial hardship and have paid top dollar and completed without much fuss. Ultimately they'll be ok but it'll take a very long time to payback.

Regards,

RSINGH

   

Regards

  

    

Community thread: Furniture packs

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14 Apr 2007 8:37 PM:

All,

Please ignore my previous message, I have now managed to upload the photos to the EOS site.

Regards

 

Community thread: Taking everything

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14 Apr 2007 8:13 PM:

Hello All,

I've just uploaded 27 photos from my last visit late Feb 2007. I was actually on site on the grounds and in the apartments themselves. You can access the photos by pasting the following link into your browser. Then select photos and then then select Febraury 2007 pictures:

www.marbellahillview.zoomshare.com

Thanks  

Community thread: Taking everything

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03 Apr 2007 3:03 PM:

rdhoot, that sounds like a good idea, but again the problem is going to be to get all the community owners to agree to one style and then what if they won't / can't afford to etc ? Could have it a s a community rule perhaps ?

I'm sure there are lots of things like this that need to be addressed to ensure that our community prospers and all owners are gald that they bought. 

To all attending the meeting next week - can you get a list of all the things that Ammex do currently and whom with and at what cost ? This would be a good place to start I suggest.

Regards, and keep the good work up!   

 

Community thread: el valle murcia

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02 Apr 2007 9:23 PM:

Great work being done by many of you through EOS - keep it up please.

I haven't posted for a while but recently completed. Top items for me are :

Landscaping - makes the diference between an OK site and one that really stands out  

Security arrangements - need a secure site and a stop to all of these burgalries I keep on reading about. Can we have some screening around the perimeter of the sight, e.g. nice greenery / bushes ?   

Community set up and fees - I still don't know what I'm supposed to pay and what I am supposed to get

Ammex - they've still not replied to 2 of emails

Pool access / need for lifeguards - what's the law ? 

Suites Hotel - what will we have access to and will there be special arrangements for us to use the Aparthotel ?

That's all for now I think, but if I identify others I will post before the meeting. Unfortunately I cannot come out due to Easter scholl hols duties (on my own with 3 kids !) but wish all attending the best and hope you make the porogress I know you can on all of our behalves.

Regards

Community thread: el valle murcia

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