El blog de Maria

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Legal tip 797. Victory with Bank action in Corvera by CostaLuz-De Castro
29 June 2012 @ 14:20

For a phase 3 client, who had a guarantee covering just part of the payments he made.

Judge, using theories of Banks liability for the full coverage of guarantees, in complete protection to the buyer, has condemned Bank and developer jointly and severally to pay all amounts the purchaser deposited into the developers account, plus legal interests since day he made payments---5 years ago--- at a 4/5% rate.

Legal costs being imposed just to the developer.

Great news to finish the week with!

Maria

"Isla de Tarifa", Tarifa, Cádiz, South of Spain; at the top of the picture: Tánger, Morocco, África, at Facebook

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9 Comments

Keith said:
29 June 2012 @ 14:34

Another brilliant result - well done María and Jaime.

And....interest since the date the payments were made - excellent.

Which court was this?

Kind regards

Keith

Anne said:
29 June 2012 @ 23:46

Well done Maria and team!

Colin noel said:
30 June 2012 @ 12:20

well done maria.
does anyone know how the case against mirador/palmera properties - la perla de mirador development is progressing? this has been running since 2004.

sandra hendrie said:
30 June 2012 @ 12:31

well done maria and team, we bought off plan on Corvera back in 2005. we paid a deposit of 40000 pound, that came with a bank guarantee, yet there is not one bank in the land that will give us a morgage,on the properity.The site is half finished ,with no hotel and sports complex, that was promised in the advertising campaign.
please can you tell us ,now that the courts have ruled against the banks and deverloper,what do we have to do to get our deposits back? . I do hope you can help as we are desperate now ,and hearing this news has given us hope . thank you again mrs hendrie.

sandra hendrie said:
30 June 2012 @ 12:35

well done maria and team, we bought off plan on Corvera back in 2005. we paid a deposit of 40000 pound, that came with a bank guarantee, yet there is not one bank in the land that will give us a morgage,on the properity.The site is half finished ,with no hotel and sports complex, that was promised in the advertising campaign.
please can you tell us ,now that the courts have ruled against the banks and deverloper,what do we have to do, to get our deposits back? . I do hope you can help as we are desperate now ,and hearing this news has given us hope . thank you again mrs hendrie.

Garry,Angela said:
30 June 2012 @ 22:15

well done maria and team, hope our case goes as good, well done again team.

Maria said:
30 June 2012 @ 22:51

Dear Sandra:

Please, email me to web@costaluzlawyers.es so we can take a look on your case.

Kindest,

Maria

John and Elizabeth Holtermann said:
02 July 2012 @ 19:03

Well done, Maria!

...Although we are not surprised, as you have been the light at the end of the tunnel for many.

Keep up the great work- lawyers as dedicated as you are few and far between!

Angie Jeffries said:
08 July 2012 @ 19:10

Waiting for courts to hear my case against Phase 3 Corvera now for 2 years. Are my lawyers not doing their best to get it heard? Is the backlog now easing in the courts of Murcia?How can I hurry things along?