phase 2 news

Can anyone help with news of phase 2 deeds.We hear our builders are about bust,do we take legal action against them or just give up on our villas

I hope you are wrong!  According to our Solicitor all phase 2 have a builders mortgage on them so basically if they go bust then we have have to pay the mortgage to the bank which I can assure you is considerably higher than what we owe the builder!   I dont know what will happen if people cannot pay, I suppose the bank will reposses the houses but if you have paid alot of money out then you will have to try and take an extra mortgage out on interest only because you could loose alot of money.

Where did you get your info from that they are about to go bust?  Our solicitor is keeping a close eye on the situation but I have not heard anything from her to date.

you tell us why phase 2 can not be handed over to its client(and dont use the paperwork not ready!) we have aleady paid for our homes once and they can not repay the loans against them again,therefore this can only be a company on its backside!

In general response to this thread ... and indeed others in a similar vein ... sadly I think you will find that Grupo Trampolin are going to hide behind the fact that THEY ARE NOT El Trampolin and will attempt  to run away not just from the Mortgage Debts ... which by the way is NOT the major iability .. but the legion of ebargos outstanding the properties on the site. I am aware that every Euro that is coming into the company is being immediately withdrawn by the partners to cover there own personal liabilities.

 I don't know the significance of this, but I've come across 2 entries in yesterday's BOLETÍN OFICIAL DE LA REGIÓN DE MURCIA, published on a daily basis by the Ayuntamiento.

Here's a link to yesterday's Boletin www.carm.es/borm/documento?obj=bol&id=37193.

The 2 entries of note state

  TRAMPOLIN HILLS GOLF RESOR SL B73345746 (EJ) - 015825/2008 Embargo de cuentas bancarias

  TRAMPOLIN HILL GOLF RESORT SL 10693/2008 NOTIFICACIÓN DE EMBARGO DE CRÉDITOS Y DERECHOS

 Google translates these as

NOTIFICATION OF EMBARGO OF CREDITS AND RIGHTS

Embargo of banking accounts

I'm not a lawyer, but this doesn't sound encouraging. Does anyone know the legal implications of these statements?

Hi Jogary ... I have no idea of the significance ... or otherwise of these statements but I will most certainly try to find out. The three "individuals" running Grupo Trampolin have absolutely NO morals whatsoever and are simply getting as much money in as they can before i believe going bust, I am aware that several hundered thousand Eoros have passed through their account in the last few weeks and all this has been filtered off by the "partners" and NOT used to discharge their liabilities to their Creditors. I am also aware that they are applying pressure on as many clients as possible to complete before the end of February.

I have been very careful until now about saying too much about Andy Wild on Eye on Spain because I have been prepared until now to keep an “open mind” about his involvement with the “3 partners” at Trampolin. Andy knows full well that I am ABSOLUTELY aware of his past associations  and just what he can and cannot do but propose to say little more at this time. Having said that, and having received several calls from him this morning, I wish to place on file this is now the second time he has attempted to threaten me … indeed even as I type this he is calling me again.

All of you be aware … BE VERY AWARE … Andy is firmly in the pockets of Grupo Trampolin and Antonio. He is also fully aware of my legal rights in connection with the property known as “Plot 82” currently occupied by Richard’s Aunt and Uncle … Mr and Mrs Philips. He is also doubtless aware of the large sums of money which have passed through the hands of Trampolin on completions since the start of the year and the fact that ALL of this has been drained away by the partners.

I would urge all of you to be very very careful before parting with any more money to these individuals who have absolutely NO INTENTION of dealing with it honourably. To you in particular, Andy, you know exactly what the true position is. You KNOW that I have paid a considerable sum of money towards the purchase of Plot 82 on the ONLY legitimate contract (Mr and Mrs Philips’s contract is fraudulent) and simply want either my money or the property returned to me. DO NOT telephone me again attempting to threaten me simply for seeking what is rightfully mine. To you Mr and Mrs Philips be aware that my lawyer does have a copy of your contract and that we are also aware that you have parted with yet more money towards a contract on which you may not be able to complete.