Hi there
My names Darren , my wife and i purchased 2 villas on phase one of the TH development. campos- del- rio. Our villas were front line phase one and we purchased them 2004/2005.............paying 50% up front. Some of the capital was raised by borrowing against our other villa in La-marina which we owned out right. We had started proceedings with a solictor against TH in 2008 when it was clear to us that nothing had been started and that they had problems in getting correct planning permission. Obviously we were never made aware that they didn't have all the correct planning allready in place or we never would of bought. They have been dragging their feet ever since and obviously now have gone in to liquidation.(brankruptcy).
The bank which we used (cam bank) are saying we would have never been issued with a bank guarantee because eventhough spanish law says buying off plan requires one .........we borrowed against our other house so didn't have to be issued one. They also said that some bank guarantee's that were given out by 3rd party agents were infact fraudulant fake's.
So where do we stand because we are back here in the UK ......trying to comminicate with the different parties and to get any truthfull honest answers or advice is very difficult.
Are the spanish goverment likely to step in to help because it is unfolding as a huge fraud investigation?
Will the local council (town hall) that have withheld planning knowing that people were being sold properties that were illegal builds etc etc......can they not be held responsible for many people parting with their life savings knowing they were never going to get them? Where is the justice.
We would love some advice and any information that anyone can give us...........
A deverstated Brit
Darren