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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.

INTERVIEW WITH KEITH RULE ON TELEVISIÓN HELLÍN
Friday, May 25, 2012 @ 4:36 PM

Interview with Keith Rule on Televisión Hellín following the conclusion of the Las Higuericas, Finca Parcs trial
http://www.youtube.com/watch?v=R88i-ISs2As (english version)
 
http://www.youtube.com/watch?v=EmNsF4Nh-yQ (dubbed version)


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7 Comments


margot Bosshard said:
Monday, July 15, 2013 @ 12:32 AM

I would like to get the contact of Keith Rule, adress , mail or phone. We are a group of peoople who also lost their homes-flats because of a German construction company working with CAM, no guarantee received and the BERLINER BAUG who built LA SIESTA urbanization in Denia declared bankruptcy once they received our downpayments. therefore we need someone like Mr. Keith Rule to start a law case against the builder Berliner Bau Mr. Herman Schmitz and CAM- Thank you for your INFO. Regards Margot BOsshard Denia. Tel 0034 673 182 666


logan robertson said:
Monday, July 29, 2013 @ 8:44 PM

I officially won my court case using a Spanish solicitor against grupo masa. I am due around €90,000 and to date July 2013 still not received a penny or euro!

As a family we have acrued around £50,000 in debt and do not know what to do next


Carol and George Blackie said:
Friday, October 25, 2013 @ 6:17 PM

We have won our court case against Calidona builders in Corvera. We have been told the builders cannot pay us as they don't have the money. We did not receive a bank guarantee as promised and to go back to court and make them bankrupt will cost us more and would not guarantee any money either. We owe court and solicitors now with no property and no money. Can you help us as we cannot afford to let this go.


Keith110 said:
Friday, November 1, 2013 @ 11:47 AM

Carol & George

Please send me an email to fpag@btinternet.com

Kind regards

Keith
FINCA PARCS ACTION GROUP


gazzap said:
Sunday, November 23, 2014 @ 9:36 AM

Hi Keith love the work you've done for so many it's amazing
But I was wondering if you could help me and many others on a
Build called Sierra golf in balsicas deposits were taken houses were built some signed over but about 200 were not the reason the property's were not ready was habitation certificates time went on and the builders procabar who worked for groupo masa went bankrupt it went to court the banks got all the properties and everyone else got nothing lots of people have lost a lot I payed 75 percent of the price as agreed with atlas international who I think want to look at themselves as they were our contacts and just watched it happen with out letting us no what was going on I was wondering if you'd heard of this development and could give of any advice thank you Gary prentice


mariadecastro said:
Thursday, November 27, 2014 @ 2:45 PM

Gazzap:

We were the lawyers team assisting Keith Rule in this case. He can provide to you our contact details if you want our opinion, or you can find them at:

www.costaluzlawyers.com




mariadecastro said:
Thursday, November 27, 2014 @ 3:01 PM

Apologies. Our website contacts are:

www.costaluzlawyers.es
www.costaluzlawyers.co.uk


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Blog home page

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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Interesting links

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