Information, please?

Many peoples contracts have expired .Any new contract would certainly contain/allow for inflated material costs.
Tony ,I really do think you should go and lay down in a darkened room for a few hours .

All the best to you
The Parrot

All pretty much old ground that i keep seeing bandying about.

Not too long now....good luck everyone, things happen for a reason, so they say................

Welcome to SADM. Unique in every possible way, including that despite recessions, energy costs increase, transportation increases, wage increases, it is possibly the only development worldwide that has the cost of materials fixed. That must be for 5 years so far.
What absolute rubbish and as previously stated, all suppliers have clauses in fixed term contracts, to allow for energy and fuel price increases of all forms.
There may be a clause in the purchaser's contract stating fixed price materials, but that would be subject to 0% increase from suppliers.
There will also be conditions regarding times, solvency, credit ratings, etc., all basically "get out" clauses to the suppliers will not lose out.
Does anyone believe that the developer would absorb such increases?
Does anyone believe that the developer can afford to absor such increases?
If yes to the above, why are they now strapped for cash and in Administration.
Every day their debts are increasing and their assets are decreasing.
Does anyone believe that their land-bank has increased in value over the last 12 months?
And one wonders why some not so honest sales people find it easy to con many.

How wonderful hindsight is.  Five years ago (some of us slightly less), we believed, we bought, we paid, we trusted.. ALL of us.  However more wordly wise we are now a days, each in our individual way, I dont believe for one minute that any single one of us (however we express our view point) would ever ever ever part with a penny again in this way to this Company.  But we did and now we pay.  We are not bad people none of us.   We are now all hoping to trust our individual Lawyers, (at a cost) none of us deserve) , an Administration and then the Spanish Court system.  SARC report says funds Have to be in  place by end October..  I hope to god you guys are right I really do to end this nightmare one way or another. 

Some simply have to carry on believing in the possibility that they can salvage SADM (they have the right to think this).  Some just hate them and are so bitter its debilitating  (but we  do nothing proactive because we cant think of how).  Some just want to not feel isolated in their personal hell over this mess and financial disaster  and read this Forum.   

FIN - NO supplier can maintain a 5 year fixed price its a crazy notion
SARC - You are entitled to believe what ever you wish
JA - honey I aint that stupid to buy (again) without t's and i's underlined, in bold text and water tight signed by SJ  President pp'd by .GOD his Son , countersigned by Moses and Mary Magdelain!

Sal

Hi,
I suggest you read the report from July in which it clearly states that we have been informed of the fixing of the costs of materials for 3 years. As for the silly remarks, I think that I really do not need to comment nor do they warrant a reply.

I thought I would let every one know that more purchasers are joining SARC and our membership is going up.

Yes I and many more wany our properties so.....I want my house!

Tony R17 18 

Tonymal once again who clearly stated that the cost of materials had been fixed for 3 years ? I would appreciate a straight forward to the point answer. Thanks JA

Julie, surely you know by know that the SARC crowd do not answer questions.
As for the silly remarks, sure wish that Tony would stop making them.

Lets's assume there was a fixed price on supplies for 3 years. 
How many have been waiting 3, 4, or 5 years?
So that not much help then.

More people joining SARC. Do they realise what they are letting themselves in for.
Recently read what words people have been putting to S A R C.
Quite funny really, but quite true to judging by comments made on here.

Did you hear the one that SADM can guarantee no increases in electricity charges for 25 years. Another first.

Hi JA & FIn
I have stated quite clearly that the cost of materials is covered in the July SARC report. it is a shame that you have to rehash topics that have been dealt with and at the same time throw silly remarks in. If you have problems finding the report, just click on the SARC link , go to newsletters and then click on the second July report. This report was written by Linda N  who was invited to attend.

As for the other silly remarks, I am amazed that you are taking so much effort to try to prevent SADM going ahead to the extent that you now also feel that you can make baseless remarks against a purchasers organisation. 

This behaviour is not of any help to the purchasers.

All the best to you all
I want my House
Tony R17 18

 

You have stated quite clearly that the cost of materials is covered in the July SARC report.
Please now state the date of commencement of the binding agreement whereby all material costs will be fixed for 3 years, without any exclusions or inclusions for matters such as fuel and energy.

Please also state who confirms that the 3 year contract figure for materials is binding.
Oh, just please don't say that it is anyone to do with or connected to the developers. remember, they have issued so many contracts that to date have not been honoured.
Remember the begining of this year where it was posted that construction works would start in earnest in February. Now where and who did that come from?
Hopefully not the same source as the 3 year fixed price on materials?
You see that the July report also states " A bank had agreed a line of credit of 30 million Euros some time ago. " and then goes on to say  "A bank had a get out clause in the contract, which they initiated. ".
As with most contracts (even a fixed price materials contract) there are always conditions enforced, or do you believe that if the development were to commence next month, that the material prices would be fixed for 3 years, despite it possibly being 4 years outdated already. Think the material suppliers would be in line to go bust if that is FACT.

Just because Linda N attends a meeting, does that make whatever is told a binding agreement.

You may be amazed that I or anyone make such an  effort to try to prevent SADM going ahead.
Do you not realise that you, me nor anyone else who posts on here could influence the decisions of the Administrators and potential funders.
Please don't ell me there is anyone so naive on here who thinks their have the power to influence?

So now SARC is a purchaser's organisation. 
Are there many?
Are they influential?
Do they have solid sources of information and not just the spin that those who have already taken your money give out?

Your report also states "In total 30 million Euros is required to complete the works" is that pre hike in interest rates, energy and fuel increases, or are all such rates fixed by the developer to the suppliers.

I don't really expect my questions to be replied to, as people who ask questions seemed to be frowned upon and factual answers are not given by some. So, enjoy your dream.
When you wake up, hope all is well for you and the Developer and Mayor produces for you all they said they would.
In the meantime, the rest will just listen to and believe facts and not fairy stories.

Hi All Just thought i would post the latest letter to the editor of the Costa Blanca News. August 31, 2008 Dear Editor, My Name is Brian Dornan and I am writing in reply to the letter posted on 24/08/2008. You can see that from the start of this letter I have no problem in revealing who I am and yes I am a member of Santa Anna Residents Co-operative (SARC). The facts that were stated or misstated are these: 1. Everyone who has paid a deposit is listed as a creditor as is required by the law and if the company does get refinanced then the purchasers will be give a simple choice: (a) To continue with their purchase with new completion dates and bank guarantees for their funds or (b) To get a refund and become an ordinary creditor which is fourth in the order of payments. These payments may be paid back over a period of up to five years as that is the protection the company receives under Ley Concursor and then they might only receive a portion of their money, not the whole sum. 2. If the company does get refinanced, the court’s administrators will have a role in what is being done for some time after the hearing. Also the company will still be under scrutiny of the court for up to five years or until they have completed the repayments to their creditors if sooner. 3. As for the water situation, the mayor and locals have stated repeatedly that they do not have a major shortage as they have been transferring water to other regions for some time. 4. As for Spain’s golf resorts most of these are not public courses. Jumilla town actually requires this development to continue as it is the only way for the town to grow, bringing in investment from outside the region. 45% of the properties sold are to Spanish residents so there is added need for continuation as many local families have bought as well for their children. 5. As for Spain’s history of building practices, the new younger generation is trying to change this. It will not happen overnight but in the next few years the bad practices will virtually vanish as the new generation takes the helm in building their country’s future. The real options are these – continue with the build and get your property and a community or roll over and get a portion of your funds back at some time in the future. Most purchasers do not have bank guarantees and as such come fourth in line for payout. First for the payouts are courts and employees, second the banks, third the government, fourth the ordinary creditors and fifth the directors. So now you see why we say ‘I Want My House’ Yours respectfully, Brian Dornan

This message was last edited by cargic on 9/6/2008.

I think we need the men in white coats and the staight jacket  ASAP.
JA

Nah, just something to wipe the laughter tears from my eyes.
I can fully understand the comments I have read elsewhere regarding the "sect".

Yes FIN I am still laughing

I can,t get over the thing SARC are saying about the price of materials being set of course it must be true because SJ said so.
If I were a supplier of bricks tiles etc. I would be very reluctant to deal with SJ again especially if I was owed money.If business was slow I may well sell them materials but on a cash on delivery basis only.As for fixing the price of material it would be very unlikely any company would do this it would be foolhardy.
It will be interesting to know how much of all of this mess is down to SJs incompetence and greed.I remember when visiting  the El Pinet site for holidays as I have many times wondering why the crane was on site for years throughout all the legal wrangling when no actual building was being carried out .At the time I was thinking do SJ own the crane or are they hiring it as I was aware of the huge costs of this type of equipment.Seems quite a waste of money to have equipment on site and not being used for years.As I have said before I have no faith in SJs honesty ability or competence so what they say to SARC is absolutely irrelevant to me and will be taken with a large pinch of salt. I would recommend others do the same to avoid yet more disappointment. JA

Julie, but you are just being silly now, using common sense and business accumen.
Why not put on some rose tinted glasses and things would look much better.

The letter to the press.....is this accurate because it dosnt make any sense?

When the letter starts...........the facts that were stated or mis stated are these, then a list of points.

Is the writer giving an opinion on whether facts are stated, or mis stated?...i dont understand

Is the writer saying the points he makes are facts or statements.   It starts by saying everyone who has paid a deposit is listed as a creditor...........how does the writer know that?  Is he saying that?

Is this somebody who knows what he is saying at all?.......................whats it all mean?????....................How long will it take to fill the bath???

Is it just me or is it a realy daft letter that doesnt say anything?

Yup, seems like a daft letter from a wannabe. Who is it?

I can't tell if Briando55 is being sarcastic or not . Just in case you are not being sarcastic the letter is from Brian Dornan who is one of the SARC leaders  or Brianmags  on this forum . Yes it is a very silly letter and does not state fact or truth just like SARCS useless reports . I don't know what planet he is on but it is certainly not Earth .One can only believe he lives in a bubble doesn't watch or read news and current affairs or somehow believes he is above all the silly  little world economic problems which are affecting everyone else on the planet. It all beggars belief. 

And as for Tonymal's constant refusal to reply to a straight forward question with a straight forward answer earlier on, in this thread . Why can't he just answer the truth about the materials and say " SJ told me !!" does he think others may  laugh if he answered  truthfully in plain English with no frills  .
Perhaps he could post one single fact that would make us believe that SJ can be trusted to do what they say they will .It would be a first for me and I have been dealing with them for 5 yrs .

The Letter has given me an idea for a new business venture" letter writing" .You know it was a very lucrative profession in Dickensian times because many people could not read or write well if at all and did not want to cause embarrassment to them selves or be misunderstood in important matters. , one on every street corner didn't think there was much call for it nowadays but who knows I could be wrong the person who wrote this letter could certainly do with some help but would they be prepared to pay hard earned for the help .  Probably not damn there goes another one of my business ideas.  JA


This message was last edited by julie anne on 9/6/2008.

This message was last edited by julie anne on 9/6/2008.

This message was last edited by julie anne on 9/6/2008.

the guy is a joke....... thats brianmags not briando55 (still laughing about the tomatoes joke by the way!) I really wish people like him would not write things as facts when they are complete tosh. It's an embarassment. Brianmags you talk complete b******* and I shall see some more of your kind later when I sit down to watch the x factor!

Yes he is a joke but let's see him put up or shut up with some real facts that are not just  propaganda from SJ .
It would seem there is some kind of  a desperate attempt to get us all on side and to persuade us all  not to exercise  our rights as consumers to get our money back with or without a BGs. 
What prize are SJ offering to the SARC leaders to keep us all on side . 
 It is not the first time this has happened . I know of many suppliers  and buyers on other sites who have been offered property  and  freebies to do SJ's dirty work for them . Most had morals and declined Thank God.
Ask your self why SARC are being so amenable to  SJ / HdT  and  are still fighting for them. Are they being offered something ? 
If they are not their stupidity and naievity beggars belief ?
It would not be the first time they have offered bribes to buyers to keep the dream alive for other purchasers and stop them from exercising their rights.
He who feasts with the devil shall fall with him.
They are a disgrace and have given a lot of people false hope and information . 
The only question to  be answered is why ?
Why SARC do you think we should trust SJ  / HdT again.                     
At least we now know why SARC can not answer our questions JA


This message was last edited by julie anne on 9/7/2008.