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Spanish Off-Plan Property - Bank Guarantees - LEY 57/68

This blog is for all those Off-Plan property purchasers in Spain who have not received Bank Guarantees for their deposit funds as required by Spanish Law, in particular LEY 57/68 Article 1.1 and 1.2 and are now at risk of losing their money. In addition many purchasers who did receive Bank Guarantees are now finding that the Spanish Banks are refusing to honour them without legal action being taken by the purchaser.

BANK GUARANTEES FACEBOOK PAGE
Monday, December 5, 2011 @ 2:35 PM

Please see the regularly updated Bank Guarantees Facebook page at:

http://www.facebook.com/pages/Spanish-Off-Plan-Property-Bank-Guarantee-Abuse-LEY-5768/134524803233863



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Sandra said:
Monday, December 5, 2011 @ 2:03 PM

Kieth,
I do,I do, and very informative they are.They are a real boost when I am feeling despair at ever seeing our money again.
Change in the lawyer's and judge's perception of our rights is slowly coming thanks to people such as you, Maria,Ads,Ruth, Marta and all the others involved in the fight.
We must all be extremely tenacious in our resolution to get justice and support each other where we can.
Thankyou Keith, your efforts are greatly appreciated by us for one and I expect by many others who follow your facebook posts.

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Keith - Finca Parcs Action Group
I am leading the FINCA PARCS ACTION GROUP in legal action against Cleyton GES SL and Caja de Ahorros del Mediterráneo (Banco CAM) for the return of our off plan deposit payments as we never received the legally required Bank Guarantees.



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