28 Apr 2009 4:00 PM:

Dear all

 

Just to clarify our journey so that you can compoare with your own

Purchased June 2004 with a planned completion  for 2006of our phase and completion of whole site 2009

Made initial small deposit and then 2 staged deposits ammounting to 40% of the total ,both the staged payments had bank gaurantees .

Once the completion date was passed we wited 6 months and then started to ask the agents one propoerties about recovering our monies but they would not consider this blaming the marbella corruption and town hall elections

We eventually contacted our solicitor and Started proceedings to recover the moneies due to non completion of site in Nov 2007

Both bank and developer refused to accept responsibilty for the delay and so proceeded to take them  court ,both CCM and the Developer . -Court case was Nov 2008 and the verdict was for more information to be brought to them and a second date for the case to be heard was planned for march 2009. At this November hearing our solicitor spoke to the CCM solicitor and told them htat they had more cases to be brought against the bank

At the start of this year it became apparent that a few people had recovered their monies without going to court ,both from the same solicitor as we were using . WE were informed that this was because the banks (CCM ) solicitor had advised them to settle out of court to save costs . WE asked to have the same offer .Our solictor was hoping to obtain interest and court costs from the CCm bank as well as our deposit . We really wished to conclude the case as quickly as possible particularly as reports of the developer going bankrupt and the CCm bank being in trouble emerged and agreed that we were happy to receive just our deposit . THis was offered to the bank and they agreed to pay not only our  2 staged deposits but also a portion of the court costs . WE received the cheque from the bank at the end of march  and it has just been claered and is now in our english account

 

I hope this helps

It has been a long drawn out process of 16 months since the start of our court proceedings but well worth the result

 

KR Caroline and Phil

 

Community thread: Nueva Ribera progress

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25 Apr 2009 11:11 AM:

Dear All

Great news

Our deposit was credited to our english bank account today .

It has taken about 4 weeks from the time we received the cheque from CCM to be cleared .tThere were some small charges amounting to about £300 but with the exchange rate in our favour we are very satisfied . At one point we thought we might lose all our deposit so so get it back plus some is a miracle

 

We wish you all the very best in your claims against the developer and /or CCM

 

Best Wishes Caroline and Phil

Community thread: Nueva Ribera progress

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14 Apr 2009 5:08 PM:

Hi Steve

Will let you know once its cleared

Our payout did not inclyude interest

but CajaCastillaLa Mancha  bank did pay  3.983,82 euros towards barrister fees and the full 900 euros corresponding to our procurator fees.

 

KR Caroline

Community thread: Nueva Ribera progress

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06 Apr 2009 3:39 PM:

 

Dear Mark

Your last post concerned me greatly as our cheques is awaiting clearance from CCM as we speak .

I contacted my solictor immediately and she has responded

 She reported that CCLM has not gone into liquidation,it is just being supervised by the Bank of Spain in order to control its bad financial situation. This measure is in fact to protect customers  as you suggested and she does not think it is going to delay the payment of my draft which is a guaranteed draft.

Lets hope she is correct

I will keep you posted

 

Caroline and Phil

Community thread: Nueva Ribera progress

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30 Mar 2009 5:29 PM:

 

Dear All

 

We have actually received a  cheque from the bank for the total of our deposit  and are awaiting it to be cleared -Lets hope that there will be no issue  .Our british bank seems to think it may take  up to 6 weeks  to clear

I had not heard about the Bank of Spain  taking over the ADMINISTRATION  of CCM!!!!

 

Whatever next !!!

KR Caroline and Phil Wales

 

 

Community thread: Nueva Ribera progress

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