Burgos and Valencia for buyers/ against Banks in off plan purchases

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13 Nov 2011 12:00 AM by mariadecastro Star rating in Algeciras (Cadiz). 9376 posts Send private message

Legal Questions? Speak to Maria Direct

 http://www.eyeonspain.com/blogs/costaluz/6326/legal-tip-636-great-for--burgos-and-velencia-on-the-defence-of-buyers-against-banks-in-off-plan-purchasers.aspx

Legal tip 636. Great for Burgos and Valencia on the defence of buyers against Banks in off plan purchases 
13 November 2011 @ 11:49 

 Together with last one by Murcia, new ones coming out by Burgos and Valencia deffending the obligation of Banks to refund, in cases where individual certificates of Bank Guarantees were not handed to buyers.

In essence the protective character of this wise Law dated 1968 plays the big role in favour of buyers who advanced good amounts of money for something that initially is just an architect plan.

Law 57/68 made Banks guardians of buyers amounts, in what it is a  very correct approach with a great sense of balance of markets and limits to the strong parties.

We keep going ahead!

 

 



_______________________

Maria L. de Castro, JD, MA

Lawyer

Director www.costaluzlawyers.es

El blog de Maria



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