La Caixa Mortgage Problems

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03 Nov 2007 12:00 AM by jim welsh Star rating in cardiff. 54 forum posts Send private message

 Hi all

                 When I was in fuengirola last week my lawyer told me that aifos have a serious cash flow problem,
                 and even if a court did rule in our favour,it seems the only way that aifos could pay out is to sell of ,
                 some of it s assets,i.e.land or property,this would have to go to auction ,which could take up to a ,
                 couple of years It seems there is no easy or quick solution a catch 22 .


                           regards Jim

_______________________
hi anybody been to the site recently?


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