Spanish Off-Plan Property - Bank Guarantees - LEY 57/68

This blog is for all those Off-Plan property purchasers in Spain who have not received Bank Guarantees for their deposit funds as required by Spanish Law, in particular LEY 57/68 Article 1.1 and 1.2 and are now at risk of losing their money.

In addition many purchasers who did receive Bank Guarantees are now finding that the Spanish Banks are refusing to honour them without legal action being taken by the purchaser.

TIME FOR ACTION SR. RAJOY - NO MORE EMPTY PROMISES!
22 December 2011 @ 14:32

"Now Sr. Rajoy, a word of advice - I don't think you should brush those Property and Bank Guarantee campaigners under the carpet like Sr. Zapatero did. To regain trust in our housing market you must resolve their issues now and eliminate corruption from the property and banking sectors"

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