Has anyone got refund?

Has anyone who purchased in phase 4 thro MRI and who dealt with Elena in Martinez Echavarria Lawyers got their refund?

Are we all being given the run around?

Delilah,

Four weeks ago, I instructed Elena to cancel my investment and reclaim my deposit.  On Thursday last week she wrote to me, after I sent an e-mail for an update, informing me that she expected to hear within days of the Developers views on the claim.  I have had no update since.  When I hear I will post hear for you to read. 

We instructed Elena on the 28th May to cancel and claim refund under bank guarantee. I understood from her that she expected to hear from bank on 21st or 22nd June. As at close of business 22nd June, I had heard nothing else from her,

Lucky you.!!

Do you mind saying if the refund was under the bank guarantee or directly from the developer. Did you receive bank legal interest or the penal ratre under the contract. Did you have to sign a power of attorney for Elena to cancel and get the refund for you. Was there a long delay in the actual refund being transferred directly to you.

Sally 5109

Notice to cancel given 28th May.

We were block 6  phase 4. Best of luck! Make a pest of yourself - I think it helps!

Best of luck.

But are you sure you are entitled to compensation for the delay?

Also I have been informed the Spanish legal system can break a persons heart and spirit!

I think that the extent of what one can get is the refund of advance payments plus interest simply because you just can't have the cake and eat it too (can't keep the flat with rising value and ask for damages). I think the decision to wait is a wise one. The market seems to be going up and once this project is fully complete, it'll be a nice piece of property. My guts feeling tell me that Casajur as typical bankers are slow because they want to get it right. There seems to be high political visibility (due to the Mabella scandals) and bureaucracy, which seems to create a drag effect on the project. Once their headquarter in Qordoba releases the baby to the construction team and the local sales force, I think that this project can only go upward (they've sank as low as they could). So I would hang on for little while..

I gave notice that I wanted a refund in January and although I have been told that I will get my money back I have had nothing so far.  I'm wondering whether they are trying to drag it on until development is finished and then try and force my hand to buy.   Does anyone know if work had started again on Block 4 and if so when it will be ready for hand over.   This awful weather in UK makes its a much more attractive proposition.

I was told today by our solicitor the new builders Sacyr will be on site the end of july and after a couple of weeks work they'll be able to confirm completion dates on phase 4.So at least the builders are now signed up so some progress.I agree with the previous posters that Arenal Golf is worth the wait but it'll take a couple o f years before all the construction is finished and the whole development has matured.We too are block 7 ground floor

Cheers,

Dave  

JUST HAD THIS E-MAIL FROM OUR SPANISH SOLICITOR IN REPLY TO ONE I SENT HIM ON 5/7/07 ASKING ABOUT COMPLETION SIGNING  WE ARE IN BLOCK 2 PHASE 4

              SPOKEN TO  ARENAL TODAY AND PROBABLY THEY START THE SIGNATURES NEXT WEEK

Hi All

Has anybody heard or recieved a refund recently on either phase 3 or 4. Thanks