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Lost Deposits

The blog is about and for people like us who have put down a deposit on a property which hasn't been built.

Lost Deposits
17 November 2012

Hi one and all.

If you're like me then you've become terminally frustrated with all things Spanish. Their builders, their banks, their government, their lawyers and the fact that they cannot answer a simple question EVER. We put down a deposit and then a stage payment to Ingofersa in 2004 for a 2 bedroom apartment on their Bouganvilla development  at Garrucha and this, of course, never got built. Since then we've heard all sorts of things and the latest plan to sue the banks seem to be working as the Finca Parcs Action Group have proved. The bank in question (CAM) have appealed though. The latest we have is that we received a letter from Ingofersa's administrators dated 11/Sept. We haven't been able to have the letter translated so don't really know what it says.

Maybe it's time we formed a Bouganvilla/Ingofersa Action Group of our own. Does anyone out there think this is a good idea ?

It's probably the only way we are going to get any money back.

 



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