Latest info from Mazarron Country Club

I have received a PDF copy of a letter from the Community @ MCC that Huma have informed all owners on generators (probably 60% of the site or more - I do not know)  that Huma are no longer in a financial position to continue supplying gasoil when the tanks run out.

When are MCC residents going to help us and storm the Huma HQ? However, I feel most of them prefer Huma just go away and they run their own community. However Huma going bust is not our preferred solution!

I regularly go on to the MCC own forum - and it is now closing to non residents in 5 days (so I will lose this useful source of gossip) - and I see there are rumours that Huma have an important meeting with the banks/creditors next Monday. Though some people on MCC still comment that they are sceptical about Huma going bust - they may just be talking about a restructure of their debt and limp on until things get better (God knows how!!)

I think the MCC community are in for a rough ride - some areas have been without electricity at all for large parts of the day - due to uprades to the electric infrastructure - demanded by the Town Hall/ Electricty Board.

Obviously ex ACC are not regarded as creditors - or at least important ones to be represented!

& before any MCC resident replies saying MCC is wonderful and we should not make comments about life there - the financial position of Huma is paramount to us that are owed £20m and no BG's.

To say this is a dark day coming for all of us - is a bit of poetic licence. The light at the end of these tunnels looks a little dim for all involved with Huma currently.

I beggar what will happen next!

I will not post this on the OTCC forum - as it may be regarded as very negative for the optimists and pragmatists there!

John

can you give the web address for the mcc forum as i would like to do some ready before they shut us all out.

thanks

DVM

Try .....

http://groups.msn.com/mazarroncountryclubadditionalresidentsgroup/_whatsnew.msnw

I have just spoken to someone I know who is an owner on MCC (has been there for several years).  He was on the Cof O and has had a lot of dealings with HUMA.  His opinion (I asked last week if he could find out what was happening) is that they will go bust within the next few weeks.  His advice is to transfer across to MCC if you can.  Obviously this is only of interest if you are like me and  have no bank guarantee.
 
Assuming HUMA go bust has any one consider what the position would be in suing the original solicitors who did not inform us of this mess.  I was with AG2 and wondered if perhaps we could get a joint action up against them as they should have had professional indemnity insurance.  Any one any ideas?

Just as a matter of interest   -' Has MCC got an LFO (Licence of first occupation)'?

Most of the site has no Habitation Certificate as I am aware.

John

Nigela

Your  advice  to  transfer  to MCC are you  refering  to an  off plan property, as I believe  there  is  very  few  already  built  ones left and  all massively  over priced.  If  you  are referring to  off plan,  surely  if  Huma  go bust you will  still  lose  your  money.

Hi Chandon

Actually it wasn't my advice but someone who lives on MCC full time and has had many dealings with HUMA over the years.  Personally I totally agree with you about the Bungalows being overpriced - I have seen fully furnished with air con, rejas and completed garden in a better location on the market for 100,000 euros (they would obviously take less than that) - si I think they are over priced by probably 40,000 euros in todays market.    A lot depends how much you have at stake - if you have (like me) about 65,000 euros at stake what is best lose 40,000 on transferring to a bungalow now or continue court action and hope that HUMA don't go bust. 

I can see no advantage in going off plan at MCC unless they will give you a bank guarantee on signing the contracr (no one would be foolish enough to trust HUMA to give them one at a later date??).  Obviously if you transfer off plan to MCC or OCC and do not get a guarantee you are in a worse position than you are at present - as you have a contract for -say- 18 months time that has not been broken.

I

I would be grateful for people thoughts on the following:

If (like me you have no BG) and you do not want an overpriced bungalow and don't trust HUMA is the following a possibility:

As there is a large amount of unbuilt land at MCC could a number of us (with no BG) agree to transfer the monies we are owed by HUMA on ACC and instead have a full paid up piece of land (with planning permission on) on MCC.  We could then employ a builder of our own choice to build the properties we want with the balance of the monies we would have used to buy on ACC.

Obviously for this to work the following needs to happen:

1) Enough people to transfer across to enable the costs of putting in the services to be feasable.

2) The costs of building a property being no more than the balance that we are left to pay.

3) planning permission bering available.

Anyone any thoughts?

Nigela

I am  also  in  similiar  position  to  yourself  with  nearly 70,000 euros to lose, but I do not  like the  bungalows and  by the  time  I have  paid  the  overpriced cost + 7% IVA.  If  I  wanted to  sell it and  was able  to,  in this  climate it would  cost  me  near 50,000 euros  over the  cost  of  buying  elsewhere, not  to mention  the  stress etc.   I do not  think  I have any  option  other  hope that they  will  have to one  day  refund  my money or  if  they  go  bankrupt hope  I will  get a share  of the  assets.

Hi Chandon

Are you suing for your money back through solicitors or just hoping that things will sort themselves out.  

My case has currently gone to court - I am waiting for the judge to pass sentence.  I am worried that HUMA wont be around by the time I receive the go a head to seize some oif their assets.

Have you looked at my last posting and considered the land swap idea?

Nigela

We are using  our  solicitor, waiting for  a court date.

I think the land swap would be a good idea - but for the fact many may have paid 40% or more and I would think the price of land (on MCC anyway) now would not be worth anything like that. In fact I would have thought trying to sell land is harder than houses currently!  However I am no expert - so well worth at least investigating.

I understand Huma paid off several large creditors (inc agents) with land and when I visited MCC - not much sign of new development and a number of small signs of land for sale on the hill to the left of the entrance - obviously laid waste.

Maybe someone on MCC could get hold of one of the phone numbers on the signs or google for land sales @ MCC and see what a plot actually is selling for currently.

Since I am owed 100k - I cannot see this being a way out for me. I think the first thing to establish - is it financially viable as a proposition?

John

Don't forget that you would be liable for the community fees (and other Spanish property taxes - no doubt) as soon as the land was in your name

Peter

I contacted Huma last week . Our previous sales contact there - Natalia (who we saw in November) is no more - she was part english - I wonder if she was the phantom emailer?. However, Huma still there - so not bust (yet)!

Pilar rang me back this morning. I tried to find out as much info as possible - so I was really pleasant and non confrontational.

Huma will not offer any discounts on the remaining bungalows - so they remain very high price compared to marketplace (outside MCC)  and resales on MCC & of course there are major problems with Huma refusing to pay for generators when I last heard - so large parts of MCC will be in trouble with electricity. As I cannot access the MCC Residents Forum anymore - I am not sure where this problem is currently .  

They said they would offer better discounts on the next phase at MCC!! - although awaiting planning permission (I think that is what she said). That really sounds good - after waiting since September 1995 for us! How about waiting another 5 years?

She said building at Oasis was slowing down (not many workers on site) - as there needed to be a new financing deal (again I think that is what she meant). So progress would be very slow in the near future. I noticed on the OTCC forum that someone had visited the site recently and there was no work going on that day! It looks like work has ground to halt there now maybe!

All points to the fact that whatever the current pot of money was - it is running or has run out.

Gloom, gloom - have not posted this on OTCC forum - it is bad news for them too - cant see any BG's happening in this scenario.

So our options seem to be getting less and less currently.

Sorry for all the bad news - but it is better to know that not know - I think,

If anyone has more news - please get in touch or post.

John

Hi John

You can only gain acces to MCC information if you are an owner there.

The residents did not like open acces to their forum as it was sending a bad message for possible future purchasers.

It is now a private forum similar to the ACC site.

Reidpj is an owner who uses this site.

Maybe he will be kind enough to post any important news that he thinks is of general interest for everyone.

If anyone is interested - the plots on generated electricity @ MCC - over half the site - have apparently now run out of fuel and there is no generated electricity  - as Huma will not pay for fuel now. There is also worries over the water supply that needs electricity to run.

Would you still consider transferring to OTCC now? The outlook for OTCC looks rather grim now - work has ceased there.

Can anyone realise how low Huma can get!

Where are our 20million euros?

Things go from bad to worse for anyone involved with Huma.

I despair - there seems to be no news on the court front recently - has anyone progressed their claim or any updates?????

John

Hi John

Nothing seams to be good about the whole thing;

1) MCC  seams to beoming a disaster - transferring across to that site at the prices quoted by HUMA means a massive loss in money compared to resales

2) OCC seams to have stopped there do not appear to be any guarantees for that site.

3) HUMA look like they are going bust so what is the point of suing them.

I feel the only way forward could be if enough people witout BG could getr together and try to get HUMA to swap the money we are owed for land at MCC.  We could then build the properties we want and  maybe include a communal swimming pool for the use of just ourselves.  The advantage of this idea is that we could then use any builder we liked - we would porbably have larger plots of land than originally - but it probably would cost more than originally at ACC.  To do this we need someone to organise it (including obtaining details of costs of construction) and someone to negotiate with HUMA.  The advantage to HUMA could be that I expect all the properties on MCC are mortgaged but the land possably is not.

My case has gone to court and I now have to wait a month for the judge to decide to pass sentance in my favour or not.  It then takes several months to sieze HUMA assets and sell them - by that time I think they will have gone under.

Nigel

There are 3 potential major problems with buying land at MCC.

1.  The water supply/purification plant for the most or the whole site is under the full control of Huma and needs generated electricity to run and pump over the site. Currently Huma are refusing generated electricity to all those not on mains. Water and electricity are their main weapon to threaten residents at the moment!

2. You cannot get mains electricity without a Habitation Certificate - which is only granted for areas of the site - not individual houses.  To get a  Habitation Certificate - all the roads in that area need to completely finished - I doubt Huma will do this now. Mains electricity can only be obtained if the infrastucture is suitable - this was a problem and Huma had started work on this - but I doubt it will be completed now too.

3. If things get worse at MCC - half the place will be a ghost town - with no resale value and no water/electricity - let alone facilties.

However there is an established community there - who are trying to fight Huma - but there is major in-fighting too for control of the residents - which means they are easily divided by Huma and themselves. Since many reside permanently on the site - they have a vested interest to sort this out for all.

Sorry to put these obstacles up. I tried to discuss discounts for a bungalow - they flatly refused!!!!  - so I would suspect they have no interest in giving a good deal - they are looking for maximum cash -  I suspect not changing debt (they have no wish to repay) for land in a straight deal.

I think they will overprice the land - just like the bungalows left and look for you to pay extra money to purchase.

Also remember it is forecast the £ will fall heavily again and this will make any building work dearer and dearer the longer it is delayed.

I am not saying you ought to investigate the possibilities - but it is not going to be easy to negotiate with Huma and trust them to deliver their part of the bargain after contract. Who can you trust in Spain - builders, solictors?

Huma love getting our money and us getting nothing in return.

Best wishes

John

Hi John

Your comments are probably fair - the p-roblem is there is no positive way forward at the moment.  There appears to be no action that can be taken that looks like it will give a positive result.  your points really make MCC sound a disater zone and should be avoided like the plague (allthough I personally think withy the number of people actually living there it will get sorted) - OCC looks like it has titally stopped (there is a photo taken in Jan 2009 and nothing seems to have happenend in months) - suing HUMA is going to cost a lot in fees (a percentage of what is owned) and if you start now it will be the best part of a year before you get any result.  By that time HUMA will have probably gone bust - and everyone who is taking legal action at the moment will be if the queue in front of you to take HUMA s assets.  If anyone has any good ideas then we should listen to them. 

One suggestion may be if everyone without a bank guarantee  could  get together and put forward a suggestion of some sort to HUMA - it may not work but at the moment we have no route to turn to.

From my personal position I have just heard from my solicitor 0 we have won our case against HUMA!  The only problem is that we now have to ask them to pay us what the court ordered - then when they havn't we go back to the court and ask them to put an embargo over some of their assets.  Unfortunetly this will take several more months and I think HUMA probably have gone under by then.