ACC Owners Club Members

Cheers for the clarification, John.

I suspect that your lawyer, probably, meant that Huma are insolvent.  Apparently, it's very difficult to force bankruptcy in Spain??

Peter

Hi all

Huma have not gone into formal liquidation, the MCC CoO subscribes to Einforma here in Spain and are informed immediately of any and every event relating to the status of the company Huma Mediterraneo and it's subsidiaries.

There would have to be agreement to force such action amongst more than 50% of it's creditors and the result would be a zero return...I suspect until such time as Almanzora can be officially and totally written off as a dead project the banks will persevere in the hope of some return on the tens of millions they are owed.

Regards

Barry

Hi all

Wow its been a long time. We too - Johnny and Grace were on the old community site. We may have met some of you at a big get together in Bristol and Cardiff back then. I cant remember names but we met some great people at these get togethers - including a couple who would have been our neighbours a few doors down had things been built. We signed up for a Ronda bungalow and guess we're lucky in the scheme of things we lost just the initial £2500 euro deposit placed during our inspection  visit  with estate agent MacAnthony Realty International - who have since gone bust with big losses - no surprise. We never bought anywhere else and don't plan to now given changes in circumstances.

Regards HUMA - we did visit the other site they built before starting ACC called Mazzaron Country Club - at least some people got something out of them but it wasn't perfect - as we now know.

We've never pursued the money we lost - its been years now and the legal cost of getting it back would probably outweigh the amount owed.

Good luck everyone. Regards, Johnny

Huma Mediterraneo SL has been declared in administration for insolvency

Creditors should communicate their credits to the email address concursal@grasesores.net

You have 1 month (until 24th may).

The resolution of the Courts of Murcia declaring Huma Mediterráneo SL was published in the BOE (Official Bulletin) yesterday 25th april

Best wishes to any and all of the other ACC members who have bought again in Spain or elesewhere or not at all.

We all went through various stages of heartache caused by this concept and Huma.

I hope all former members are well and if any wish to post with their adventures then i look forward to reading their tales.

All the best for the future.

Diverdan (aka IainC)

I will never buy abroad again and no longer wish to retire in Spain, I've made a decision that I'll rent my property in the UK and then rent a property where ever I retire to which is most likely Thailand now!! Spain has destroyed my dream of a retirement home there and the lack of action from the authorities has done nothing to endear me to that country!! Best of luck to all ex ACC members and I hope you have a happy future wether it is in spain or elsewhere.

Cannot understand how anybody could now even consider purchasing in Spain. Even if they have not yet had their fingers burnt what else can the government think up in the future to get money of these 'rich foreigners'.

Don't think I'll be buying a holiday home anywhere now - the economics were, investment + property price rise = cheap/free holidays when kids are young.  Now the economics are holiday for 2 for the next 30 or 40 years.  £2 - 3000 pounds a year = less than buying a property and no maintenance fees or upkeep plus we can visit anywhere in the world. Simples ;)

I understand how you all feel about your "dream in Spain".

I think it will take years and years for foreign people (also us, Spaniards) to be confident on buyin off-plan.

We had madness years, with lost of operators in the marketplace. Some of them good, some of them not so good.

And, honestly, you can't put everyone in the same sack. There were good and bad builders; good and bad agents; good and bad solicitors; good and bad promoters; good civil servants and bad civil servants; good politicians and corrupt politicians... 

And, of course, there's people with broken dreams, but also people that have their property, and enjoy it every day, or summer, or spring.

Spain still has a nice climate, warm people, nice food and excellent golf courses and beaches. And if you still think sometimes of investing here, this is a good moment. With brand new houses for really reasonable prices. Not off-plan stuff. Something real, risk-free.

And the advisors and solicitors market is also better. All the greedy Firms that knew nothing about defending their REAL client, and that put the developers interests over the clients' have disappeared. And now you can find really good professionals that not only can advice you properly, but have also proved with their acts that they are serious enough to defend clients before developers, builders, administrations and banks.

The crisis has made a deep clean in the market. Now everyone is much more reliable. The flood tok the "baddies" away.

Believe in Spain

LucasAsociados

Lucas Asociados, the problem is we don't have all the issues in the UK, if a court order was made against the banks, they would pay quickly!! Solicitors have to keep clients money in seperate bank accounts by law, Banks have to compensate clients for poor service. We have all experienced, problems with everyone involved, lying agents, crooked builders, failures from the banks, poor solicitors, corrupt officials etc The reason there are bargains in Spain is because they have made it to risky for foreigners to buy in Spain, I for one advise everyone I meet to steer clear of Spain due to the problems all of us have experienced and even today the Spanish government do nothing to help. Spain has brought the property collapse on them selves and I don't feel sorry in the slightest, we have a saying here, what goes around comes around. Sure there are some Spanish crooks that have made money out of this mess but the Spanish property market will struggle for many many years until a new type of buyer comes forward. The Spanish government should have done more to help us victims, they chose not to, so now the Spanish property  market and tourism will pay the price!!

I wouldn't say you are wrong. But, from my point of view, for each victim, there's 4 or 5 happy persons, at least.

For each poor solicitor, you may find hundreds good.

In our job, for example, we saw how money went to the pocket of solicitors well connected to the builders, but not very serious at their work, while we had very few conveyancing work. In fact, we were considered "problematic" because we looked after our clients' interests.

I mean that, perhaps, people was also "seduced" by mediocre professionals with a good appearance and advertising, ignoring the good ones.

We all have plenty to learn

Lucas

I understand what you intended but the use of the words 'poor solicitor' made me chuckle!  Never met a poor solicitor, some good, some incompetent but never poor!

I also understand that Spain has a nice climate, nice people, nice food and that most are not inherently bad.  However, that won't help me recover over EIGHTY THOUSAND euros.  Nor will it give my wife and children the chance to spend summers in our villa enjoying the facilities we were promised and nor will it give my children their childhood back!  they are now adults and starting out on their own.

Finally, the figures don't lie.  If I live another 40 years and spend €3000 a year on holidays then I will have spent €120,000 whereas buying a nice villa outright will probably cost more and I will still have to pay for my flights!  So as you see, the figures do not stack up regarding purchasing a second home for me.

Thug, 

I totally agree and endorse your comments.  I still find it hard to believe that the consumer protection law 57/68 was not enforced, or policed.  Court judgements are ignored and the people ignoring the judgements go unpunished.  The lack of respect for the law is astonishing but not surprising when enforcement is so lax.  Compare the attitude of the Spanish banks with that of the UK banks over the PPI claims or the endowment mortgage misselling of 25 years ago. 

I still have everything crossed hoping for a nice refund but I'm not counting my chickens:)