Information, please?

I found this in the Costa Blanca News this week a letter to the editor

Dear Sir,

You recently ran an article about the Jumilla golf development project and the members of the SARC ‘I want my house’ residents’ association.

As I understand it the members of SARC have met with San José Inversiones, supporting them in their endeavour to complete the project that has now stopped due to the financial situation that San José now find themselves in.

Correct me if I am wrong, but these people seem to have paid deposits for properties that have yet to be completed, (how many years on) some without bank guarantees, so presumably they are now on San José’s list of creditors.

I find it hard to believe that SARC members are still trusting a company that through mismanagement have lost them a fair amount of money.

Has anyone told SARC members about the water (or lack of it) in Jumilla? Jumilla already has water problems, without new golf complex and thousands of new houses. The same goes for Dolores golf and Monóvar golf complex.

How can Spain justify so many new golf resorts when water is in such short supply? How can they think of building so many new houses when they can’t sell the ones already on the market?
The property market in Spain is in meltdown. The land grab laws haven’t helped Spain’s reputation as being somewhere to retire, start a new life, or have a holiday home.

Spain’s chickens are now coming home to roost and it’s about time people were told the truth. Spain is not the idyll it appeared to be.
Spain needs to get its house in order, sort out the corruption deception and hideous land grab laws. Maybe then people will want to invest their hard-earned money in a country that truly welcomes them...

Name withheld

Hi

We saw it too.  I have two comments: they mention San José Inversiones, whereas the company involved in SADM is Herrado del Tollo; whoever it is, they have withheld their name.  I prefer to listen to people who at least are willing to identify themselves!

Sue

Oh no!! are you saying SARC have met with the wrong people and San Jose Inversiones have nothing to do with SADM?

Perhaps they held their meeting at Herrada del Tollo?   It is only 5k outside Jumilla .......!

Sue

Sue they are one and the same . Am I missing something !!!!!!!! JA

Hi Julie Anne

My understanding (which of course could be wrong!) is that San José Group set up individual companies for different developments, and the one specifically set up for SADM is Herrada del Tollo, which is the name given on our contracts.  We have a map of this area and noticed Herrada Del Tollo was marked on it - not a million miles from the site of the development!

Hope that you didn't stay up all night waiting for an answer!

Sue

Dear All
            I have had a short break and just logged on tonight and it is great to see that SARC got a mention in the paper from someone who wouldn't state who they were but when they mentioned SARC it shows that we are known and that they must be taking notice of us and the I want my House campainge so as they say all publicity is good news thank you to that letter writer 
regards Brianmags
R4 556

Dear Brianmags
 SARC  are only well known as a laughing stalk what part of that do you not understand ? . Although it will give me no personal pleasure or benefit . I can not wait to see the smug  , small minded attitude you display wiped off your face when you are eventually proven wrong. SJ are not to be trusted and you are fools to believe them . Watch this space I am not wrong . I can honestly say I have never come across such fools before and hope I never  do  again.  Perhaps you should have taken a longer break  then you could have come back to Earth with a large thud  and taken a reality check ,   then the rest of us on here would no longer have to endure  your constant nonsense and drivel   JA


This message was last edited by julie anne on 8/31/2008.

This message was last edited by julie anne on 8/31/2008.

This message was last edited by julie anne on 8/31/2008.

i don,t post on here much but i have a large amount of money invested in jumilla in what on plan seemed a great place to live but this in the short term is never going to happen maybe long terme 5-10 years but to me its far to long if san jose do carry on building then they should finish the el piet site first ( which we looked around in aug and could be a good place close to the beach ) then move on to the next project, we want our money back as we intend living in spain within 2 years and jumilla is no good for us me personally think that if the banks don,t back the builders in this case then the spanish building industry and the relations with the british buyers will be beyond repair and the industry in the costa blanca will be like a ghost town , but its the same in this country to kick start the housing market the banks have got to help by making money easier and possibly cheapier to borrow its all down to the banks really if the americans hadn,t let anyone borrow money we wouldn,t be in this state

Hi Brian, no disrespect but its so obvious its face slapping that this was written by a forum member... who else has ever heard of SARC for heavens sake!  Ive got numerous customers who own in the Murcia/Alicante area who havent even heard of San Jose let alone SARC..


Come on now, we've had enough rubbish written surely.. Without doubt we are all writing to our Lawyers this morning if nothing else to let them know we want our exchanges of development completed in case they go bellow up in the next eight weeks (end of October isnt that right that they HAVE to have funding in place).  

Someone asked if SARC could find out the exact (ish) deadline date on the forum last week when the Administrators Report is Due to be made public.. Has this info been obtain??

thanks Brian

Sally

Well that was fun at least 

Thanks for senible reply nobby sol some people dont seem to realise that I am not stupid 

JA and got the responce I would expect from You But as  SAL has said it was proberly from another forum member and anti SARC well thats ok to it still puts our name in print and I do believe thats good.

Sal as for date we haven't got that just yet but I believe that Tony is working on that bit and if we do hear sooner rather than later we will post it as usual. mags and I have instructed our solicitor the same as everyone else.
 1st September is here and I believe it is also the end of the silly season. There was apparently a lot of activity going on over in Spain durring august which is not usual we heard this from other sources based there, so perhaps things are moving faster because of deadlines and some were actually on holiday so we hope to hear this week when they come back

lets hope we all hear some good news soon
regards Brianmags 
R4 556

I am currently in Espana and business and made a point of asking some ex-pats I was near to if they had heard of SARC, which they first smiled and then admitted that they had read in the local newspaper and they found it very funny and were awaiting the next episode, as they at first did not believ it was serious, where people who had parted with money, had waited for years for nothing, had lost interest or paid interest, yet were prepared to support the developer.
They (and it is not my opinion) could not believe the "stupidity". They suggest that the people just sign over their bank accounts to the developer now and save future hassle.

As for date that Tony is working on, obviously, Tony must have been appointed one of the Administrators without anyone knowing, if he will know in advance of anyone else.

There is  a lot of activity going on in Spain as it was in August which is not unusual.
The property and associated markets (construction) are dire and some superb investments opportunities, where personal funding is available.
Regarding some being on holiday, anyone frequenting the Country and not just to buy a holiday property, will be aware of the holiday routines of the Spanish and Spanish businesses, which is the same year after year and this year, despit the dire financial situation, things do not change.

Plenty of good news. Get out here, bring your cash and get 50%, 60% or even 70% reductions.

I know, problem is SJ have all my cash.

Hi FIN,
          Maybe they do think its funny HA HA, but as we have been saying all along it has never been done before, we got asked to a meeting between town hall, administrators and the company that also has never happened before so maybe we are not stupid. As for the date when i said this I ment that he was contacting SJ which Sal knew to see if any dates have been set as yet what you  seem to think as a smart reply FIN is actually pointless and offers no real information as usual.
regrads 
brianmags
R4 556

And there are some that want them to keep it for a lot longer.
Material costs are rocketing, energy costs are rocketing, but some still believe that the properties can bey developed out for the prices quoted 5 years ago.
If the purchase contracts were legally binding, not surprising if the developer did not wish the company be saved, as they could never honour the agreements to build at prices of 5 years ago.
Still, that is just common sense, So perhaps too technical for some?

Thanks Brian, a date would indeed be a useful indicator if its really  feasible  to obtain.  Ive faxed the latest SARC report to my Lawyer this morning to get his reaction as he has a meeting  this week with them on the behalf of 'exchangers'  (if indeed this is still possible)...I hope they are as open in a Legal meeting  as they are with you and Tony.

Sal

Sal 
if your  lawyer has read the SARC report  ( I would be embarrassed to send it ) he is probably still laughing which is the reason  why he has not yet replied . Exchange Dream on !

Brianmags   
Pleeeaaase ! stay on Mars the further you are `away from me the better. Are you honestly trying to tell me that if you had a valid  BG your priority would still be IWMH  . Get real  IWTWTL but it is extremely unlikely,
As I have said before I can't wait for  the day when you rue your stupidity !

FIN 
Thank you once again for the reality check but as usual it falls on deaf ears . Perhaps as you say SARC could just give SJ a blank cheque to complete their properties . Laugh Laugh till yer head falls aff  !!!!! . PS what do you think the time scale is for criminal proceedings and arrests ?

Hi Redman
 Yes SJ have all our cash . Dick Turpin wore a mask and all that, what more can I say we was ROBBED !!!!!
Lets fight them not Luncheon with them !

Yours to the point but for ever honest in opinion   JA





This message was last edited by julie anne on 9/1/2008.

One other point Sally 
Have you not considered the position you will find yourself in if you exchange or complete and SJ go belly up ? As they will sooner or later they are an inch away from belly up now . 
Have you spoken to other  purchasers who have completed on SJ developments and have no habitation certificates in fact no legal right to be residing in illegal properties and of course no legal right or option to re sell  as the properties are  illegal  
Families who can not sell and  who could be evicted under Spanish Law as the properties should not yet be inhabited .  No proper refuse collection or postal service . 
Rental properties where there is no legal right of habitation  therefor even holiday makers  renting  innocently could be evicted if the powers that be saw fit..
Developments `where water  and  electricity supplies are sporadic and only dependant on how long SJ can pay the bills . 
Half finished developments where residents could be forced to split the price of putting things right . 
I don't know about you but I say no Thank you . 
I know SJ  buyers  who in time may find them selves in this situation and I for one  don't want to go there. 
at any price  
 Good old SJ lets meet with them and they will make everything good . They make me sick.   JA


This message was last edited by julie anne on 9/1/2008.

This message was last edited by julie anne on 9/2/2008.

Hi,
For those with short memories.......the cost of materials has been fixed in a contract........and as for all of the stuff that JA is going on about......well that is why we have formed SARC.

As for all the nasty snipping, give it a rest. It must surely be time for growing up and allowing people to have different opinions and wishes without the need for us to behave badly.

All the best to you all.....we should all have some news soon....

And yes I most definately, most certainly, most politely Want My House!

Tony R17 18

Tonymal  who told you the cost of materials has been fixed  ?
How long did they tell you it has been fixed for ?
I await you reply  Thanks JA
Ps Tonymal I feel soooo much better knowing that SARC will protect me from all that bad stuff I was going on about . I wiil sleep  soooo much better tonight         not

This message was last edited by julie anne on 9/2/2008.