02 Jul 2013 10:50 AM:

 

Deposit of 85,000 Euros paid against Sea & Sun Hills selwo estepona through Ocean estates wh no longer trade, this dates back 2004. At that time the Lawyer was Hasburg McGowan who apprently sold out to Direct Lawyers in 2006. Not sure of the current position. Did contact Costaluz Lawyers who did acknowledge, as yet nothing has happened.

Cheers,

 

J.G.Scobie

Thread: 185 Million Euros in off plan deposits lost on just five developments. Want to add yours?

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18 Oct 2011 6:58 PM:

 

 Hi,

 

I am currently involved with the following development;

 

Sea & Sun Hills,Sellwo, Estepona.Nos. of apartments 59  Nos of which 10 occupied

 

Development commenced: Jan.2003 and completion December 2004 which did not happen.

 

Average price paid: 300,000

 

Average deposit paid: 100,000 x 49 = 4,900,000.00 lost to developer Blue Storm in adminstration

 

No Bank Gaurantees' Estate Agent            Ocean Estates; Gone bust? 

 

To add insult to injury the lawyer representing ourselves( Hasburg McGowan) sold out to a company who are currently our lawyers Direct Lawyers; had the cheek to take their fees 4,200 euros when they sold out for a property that we never completed on.

 

 This could only happen in Spain.

 

 

 

Good Luck

 

John Scobie      

Thread: 185 Million Euros in off plan deposits lost on just five developments. Want to add yours?

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09 Feb 2011 12:00 AM:

 

As Victor Melldrew would Say " I can't believe it" as some of you may know a Bank in Marbella has raised an action implementing a European Enforcement Order against a couple from U.K who apparently fell behind their Spanish Mortgage

This couple have been ordered to sell their home in the U.K. which would enble this Bank to re-coup part of their loan as the U.K. lender would take the lions share of proceeds from this sale. (this could only happen in Spain)

As you all know there are thousands of U.K. citizens who have been robbed by the so called developers  & Banks who might never see their refunds, yet this Bank uses this E.E.O.  for some obscure reason the Spanish system does not reciprocate  , to add insult to injury their Housing Minister pleads with the Brittsh to come back  & purchase some of the properties which we bought off-plan some 8/9 Years ago

 Any comments.

J.G.Scobie.

 

 

 

 

Thread: Spanish Banks invokes European Enforcement Order Against U.K. couple.

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