San Jose into liquidation.

Hi

I think the whole planning and building process in Spain needs an upheaval.

The commercial aspect of builders 'imaginative' developments and the ease of sellers marketing properties to people as a 'nice place to live and easy lifestyle' seems in direct opposition to what Spanish Councils/regionals will agree and allow.

I think there is a real need for some joined up working in good old Espana before the market will be a proper one.  Otherwise its a death knoll for Spanish builders......there are plenty of other places to go now.

Shame tho....i would have loved to have my place on a golf course, from my deposit nearly 5 years ago.....i dont really want to know about licences etc, thats a job for professionals

Hi Lifeoverseas,
I am sure that you have the best intentions at heart.....

I will let a few people into a little secret concerning bank guarantees...............
when the agent sells a development they get paid a commission from the builder(i think we all know this).
Because bank guarantees have to be paid for by the developer,  based on how much is to be guaranteed and how long a period this will be will covered for, the developers do not like doing it,basically because it costs them a percentage of the monies guaranteed by the bank and can be quite expensive,so,when an agent tellls a client VERBALLY that they will get a bank guarantee and it does NOT appear it is because the developer has threatened to take the cost out of the agents commission................
Funnily enough the agent says "bugger this" and nobody pays for it and it does not get issued.
It MUST state in your contract that bank guarantee is issued.verbal does not count.

I hope that lets people understand at least WHY they do not get issued............

Hi All,
I could read your entries from work but due to our inflexible firewall i could not post a comment but I can now!

Alarmred and Georgia you have both crossed the line today and I am glad that you are not part of the SADM community. I will say no more than that.

Briando55 , i really do hope that Albetera is now going to go ahead and you get your house. I wish you well.

I found it very interseting that what I have stated all along about the Administrators and the properties has been supported by a firm of solicitors plus that another person collabrated the information regarding the licences for SADM with the town hall.  I did put the contact details on the site so any one could 'phone and some one did. Excellent. Thank you for your excellent input, i am sure that we all appreciate your time and efforts on our behalfs.

Good news that the tide is turning and people should now see that " I want my House" is a credible and realistic approach to a short term problem.  But we still need to gather a larger body to influence the administrators and the SADM time scale.

What a difference a week makes!

i want my House
Tony   R17 18

tonymal,
If speaking the truth is crossing the line then so be it.
I am also glad that i am not part of the SADM community,i dont think i could cope with the stress.
Maybe its coincidence but SAD......M seems rather ironic.
A puzzled............
Georgia

Hi Georgia,


I know it's really easy to get frustrated when a situation gets out of your control but you are directing your frustrations at the wrong people. Additionally, I don't know where you get your information from.
I have never had a developer "threaten" to take money out of my commission to issue a bank guarantee to a client of mine.
I can also assure you that if a developer did "threaten" to do this; first of all, if it was an option between paying or my client not getting the guarantee, I would choose to pay. No company that is in this business for the long haul wants to see their clients in a hole if it can be prevented.
Additionally, I can assure you that a developer who would deploy these tactics with me and the clients I represent would be waving an instant good bye to any future business from me.
Think about it logically for an instant. I don't know what you do for a living but I'm sure that whatever it is; if you are in a position to choose to do business with whomever does business in a way that you feel is correct. you wouldn't choose to do business with people or companies that threaten you or withdraw money at source once you've done business with them for providing something that is their legal obligation to provide.
You may be angry with the company that you bought from but that does not mean you can tar everybody in the industry with the same brush.

Has anyone here been paid out through a bank guarantee?

Nearly 9 years in the industry and I´ve never met anyone who has.

Back in 2000, when first started in the industry, I worked directly for a local developer. They offered the buyers 2000€ discount if they didn´t take up the offer of guarantee.  I never had a british client who didn´t take the discount. A German colleague on the site never had a German client who didn´t take the bank guarantee.

It tells you something about us Brits, if they can do it on the cheap they will.  If they can do without a lawyer they will. 

Trawl the internet in your best German keywords and see how many German language Spanish property forums like this and others exist out there. 

Sorry gilespie i dont get your point

Have you any evidence of guarantees not being paid.....if so when

Georgia,
It is unfortunate the you fail to comprehend what I mean. Your anguished anger reflects upon you badly and does you no good. 
I want my House
Tony R17 18
 

Hi Linda,
Estate agent for 18 years 5 of them in Spain,was trying to help and make people aware of some of the reasons for their predicament,i have forgotten more about the real estate industry than some so called agents pretend to know,ask any of my clients if they ever bought antwhere without bank guaranrtee or license approved.
i never bought off San jose or sold from San Jose,a decision based on experience and gut feeling.

I will leave you guys to it,you obviously all know more than i can offer you...................

GOOD LUCK!
Georgia

Tonymal,
You have totally misread my posts,i have no reason to be angry,i haven't lost anything,i was trying to fight the corner of the people who were mislead.
My posts are from experience in Spain and knowledge of the market,as i say i will leave you all to it.............

Hi Georgia

Thanks for the posting and i am sorry your 18 years as a professional, 5 of them in Spain has not improved the overall experience of buying for me.

I can only hope the industry is blessed with people who can make the improvements needed, as soon as possible.

Quote briando55 - "Sorry gilespie i dont get your point  Have you any evidence of guarantees not being paid.....if so when"

------------------------------------------------------------------------------------------------------

You  clearly don´t get my point briando55!  - I asked that question, you are supposed to find me the evidence!!!

i only came online to book my mate a train ticket to santander,halfway through a bottle of wine so i think i may leave this one for another day.................

Briando- i am sorry too but unfortuately i am not a caped crusader or henry the mild mannered janitor so i guess the system will have to rely on more powerful people than me to change it,i will just continue to do my best to beat it....

Lol  thanks Georgia...enjoy the wine

Gillespie...how can anyone have cashed in a bankkguarantee after the administrators have just sat.....what you want mate a revolving door...lol

Thanks for you two for stirring it up but i just had a laff in the end.

Hi Georgia,
SAN JOSE has only filed for voluntary administration so far.
It has not even been processed yet by Courts.
After this procces is over, then liquidation may come... or not.
Regards

 Hi there,

Please note that we have discovered that the amount of some of our clients, creditors included already in the list, is not exactly correct. There is a 7% missing. We presume it has to do with the IVA / VAT, something that would not have any sense. We are trying to know more about this but at the moment, those included already in the creditors list, please check the amounts before taking any further steps.

 Regards,

Hi Plus advisors

Can you confirm if you are speaking of the creditors of San Jose in this post, or not please.

Regards
Brian

Plus Advisors,

Yes, it is the IVA effect. For whatever reason, this has not been included, which makes no sense, but I am sure this will be corrected by applications of Solicitors representing creditors, which should ask for this.

My information relates to creditors of "Herrada del Tollo" as I have not had access to the list of "San Jose Inversionaes" yet.

Regards

Good afternoon Abolex and briando55,

The information I have now is only about "San Jose". Although we could have access to the ones of "Herrada del Tollo" if required...anyway, Abolex has that list of this last one, so together we have the whole information...

Regards,

Good afternoon

In that case you may be able to assist Abolex with the details of my own deposit, with San Jose.

Could you do that for us please?

Thanks Brian

I would say it is important to have the Judicial acceptance of the creditor´s meeting of both companies first and then to look into the credits.

I would like to reply to a previous post by plusadvisors however i can only find a facililty to reply to the last post .This is not the usual format I am used to on forums . It  is usually possible to reply to any post .However this is for plusadvisors . I and I am sure many others would like to hear what the complications are regarding  El Pinet  no matter how  lenghthy . My understanding is that the court judgement is in favour of the completion of the site however there are still on going disputes over the original sale of the land and perhaps monies still owed to the council for the certificates etc.I may be wrong but perhaps el pinet is not being considered for completion and buyers have been listed by san jose as creditors with the court becuase enough money has been collected already from el pinet  as it is nearing completion and widley inhabited . This makes it the least profitable to complete  and the most lucrative to resale at higher prices . I hope I am wrong but this situation makes no sense . I am confused please enlighten me       gracias .


This message was last edited by julie anne on 6/3/2008.

Hi julie anne,

When Brianmags and I were over 2 weeks back we met with Pilar and discussed SADM and el Pinet. We were told the 30 mil debt was at el Pinet and that they were comminted to completeing the project and it would take about a year. We were also told that the sales of the oustanding properties and monies on el Pinet would clear the debt.  Why not call or email Pilar or get your solicitor to do so to get conformation or clarification of if this is the case?

All the best

Tony

Hi All

I am in a right quandry and wonder if anyone can help, in respect of SADM/San Jose. We have no bank guarantee and our solicitor wants to charge us another 1200 euros [special price!] to proceed with a letter to ensure we are on the creditors list, [although it may be that this fee is for the complete process to recover funds in the event of liquidation - I have trouble deciphering his written English]. I am only interested in making sure we are on the creditors list at this stage cos we still 'WANT OUR HOUSE' if possible. My problem is whether to ditch my solicitor and join the group action via Antonio [at £225] or stick with him. Obviously Antonio will charge a much bigger fee if appointed to actually recover funds in the event of San Jose going into liquidation. Or am I missing something?  PS can anyone ive me the name and number of the best person to speak to at San Jose or is that pointless?

You could speak to Pilar at San Jose. Her English is really good. The number is +34 902 209 210. I don't think anything is pointless! OK, well there are some pointless things you could do but speaking to San Jose probably isn't. Especially if you compare the information you receive with independent sources. Take Care

Surely a group action is better as the more people are added it shouldn't cost as much as cost will be shared.

hello everyone, 
this is the first time i have contributed to this blog as still trying to recover from the shock of forking out 30k for a property (Azucena) on Santa Anna Jumilla that may never materialise! we visited our lawyer last week in Alicante. he informs us that we just have to wait and see what the judge says. we do not have a bank guarantee. all i want to know is are we going to get our money back?? i have heard through the grapevine that San Jose are offering alternative properties - we would consider this if no other option. Also, we have ben asked to give our lawyer power of attourney of which we have to go to London and pay approx £350 for the pleasure!

Are there going to be any more meetings as we would love to attend. I think working as a group should help.

Louise

Hi Louise, welcome.

Thank you. Do you have any good news??

Louise, I'm (thankfully) not involved. I'm just supporting members. (What a mess).