Still Waiting.........

Post reply   Start new thread
:: New - Old :: Old - New

Pages: 1 |

Forum home :: Latest threads :: Search forums
The Comments
23 Feb 2021 18:39 by sandra Star rating in . 810 posts Send private message

sandra´s avatar

On Tuesday 20th October 2020 the Judge  scheduled a Final Hearing in our case against Banco Popular. 
In April 2005 we paid our initial deposit to Banco Pastor (who were subsequently taken over by Banco Popular) for an apartment that was promised to be completed by Christmas that year.

In June 2008 after a visit to the local planning department we cancelled the contract and engaged Maria at Costa Luz Lawyers to take up our case for the return of our deposit plus our substantial stage payment..

We were on the verge of selling our home to meet the cost of completing the purchase when, after the  visit to the local planning department, we discovered that all the assurances given by the builders of the imminent  handing over of our property were far from the truth. 

Funds (obtained via a charge on our home) that  we transferred to Spain in readiness for the move were swiftly repatriated and the legal process started for return of our deposit. We had had enough of the delays, excuses and downright lies from both the developer and our crooked lawyers who failed to obtain the promised ,and contracted, Bank Guarantee.

It has been a long, stressful  and expensive slog to get to this stage.
Our retirement plans were completely destroyed but we are now hopeful of a  fair and final judgement and most of all closure to the whole debacle.

And we are still awaiting a judgement on our case !



_______________________

  

 

 

 

 




Like 0      
23 Feb 2021 20:08 by Kavanagh Star rating in Oil Drum Lane Newcas.... 1099 posts Send private message

Kavanagh´s avatar

Hello Sandra

A typical story of the Spanish shambles of a justice system and total lack of consumer protection by Spanish banks. Clearly the deposit procedure on buying an off plan property or any property is flawed, however it still goes on today. The system for buying any property in Spain should be a maximum of €500 reservation fee held in a separate client account by a Spanish lawyer.



_______________________
There is enough in the world for everyone, but not enough for the greedy!



Like 3      
24 Feb 2021 10:02 by baz1946 Star rating. 2226 posts Send private message

While I understand the reasons for buying a brand new home you would think by now with all the bad news about lost deposits, builders going walkabout, and the many other bad reasons that people wouldn't touch a not yet built house with a barge pole, but no they still buy and it seems this lesson is never learnt. Stop buying them and then the whole system would get a shake up, not as if there is a housing shortage in Spain.



Like 3      
24 Feb 2021 10:54 by windtalker Star rating. 1774 posts Send private message

Sandra ..your post is a common problem in Spain ...I keep advising people time and time again .. don't buy of plan in Spain why on earth anyone would consider this leaves me speechless .. when you can buy a property cheaper that's already built it's extremely common in Spain for builders to go bankrupt before they Finnish the site .. leaving the buyer's to fork out yet more money to Finnish the building site ... that's if they get as far as far as picking up the keys..

 

 


This message was last edited by windtalker on 24/02/2021.



Like 0      
24 Feb 2021 12:34 by Kavanagh Star rating in Oil Drum Lane Newcas.... 1099 posts Send private message

Kavanagh´s avatar

In 2005 the financial risks of paying a deposit on a property without even owning a brick were not as clear as they are today. Brits thought the British justice system, bank guarantees, lawyers due diligence, applied worldwide. They were sucked in by glossy brochures, slick salesmen, lies, could not care less lawyers and banks who never intended to honour anything, Spain still remains a country of corruption and deceit but how do you ever educate the ‘’KNOW ALL WON’T BE TOLD’’.



_______________________
There is enough in the world for everyone, but not enough for the greedy!



Like 3      
24 Feb 2021 18:08 by gill_malouf Star rating in Stockport, Cheshire. 202 posts Send private message

Sandra,

I feel for you and I really don't think that  Spanish Lawyers fully comprehend the level of stress. I no longer trust any Spanish lawyers - it appears that they are so focused on their fees but don't appear to care about their clients. Without clients there is no business...so communication is a major factor here. 

Since handing my money over in 2004 I have been through a lot. I now know 'how things work', especially when your a lone female. Your ripe for being ripped off...again and again.

It  also makes me laugh that the conveyancing solicitor, who will regret signing contracts without doing the necessary due diligence, more recently has totally changed their attitude.....

 





Like 2      
25 Feb 2021 16:16 by tteedd Star rating in Hertfordshire & Punt.... 978 posts Send private message

Agents in Spain should be forced to give potential buyers a document about the problems that can occour in Spain. About as likely as finding rocking horse shit though. Brits seem to expect a certain amount of honesty. They should be aware that Spanish agents are at least twice as dishonest as British ones who themselves are not known for their veracity.

What could be done though, if campaigned for by somone like 'Martin Lewis' is that banks and finance houses operating in the UK be leant upon to give a fact sheet to everyone applying to transfer moderate to large sums of money to Spain and other countries.

Perhaps if enough of us wrote to Martin?

I was very lucky when I bought off plan, I chose a good lawyer who wanted to see the bank guarantees before she would release the money. Others on the same site got into trouble.

Some did not even employ a lawyer, a much better way of finding caca than looking under a rocking horse.

 


This message was last edited by tteedd on 25/02/2021.


This message was last edited by tteedd on 25/02/2021.



Like 0      

Pages: 1 |

Post reply    Start new thread


Previous Threads

Benamara/Benavista Footbridge over A7 Highway - 0 posts
Money Transfers - 12 posts
Let me help you! Expat in Spain (Andalusia) - Anything that needs to be done on your property... - 0 posts
New-Build Property and Guarantee Insurance - 2 posts
Playa flamenca Jumilla complex - 1 posts
Non-Lucrative Residence Visa - 20 posts
3% retention - 9 posts
Banco Santander, Manilva (San luis de Sabinillas) email address known? - 3 posts
New buyer location advice - 2 posts
looking to rent and then buy in Chantada/Rodeiro area - 2 posts
Bank Charges - 19 posts
Desk Top Computer Shops - 5 posts
Importing car to Spain post Brexit - 1 posts
Community AGMs - 6 posts
Import duty - 2 posts
Taxes on gift ? - 0 posts
Property Finders - worth the money? - 20 posts
What is going on now in general in Spain? - 4 posts
bank charge for money transfer - 42 posts
90 days - 6 posts
'New' tax on income from property. - 21 posts
toy poodle puppies - 2 posts
Volunteer work - 4 posts
CGT - 0 posts
WINTER RENTAL SPAIN - 6 posts

Number of posts in this thread: 7

DISCLAIMER:  All opinions posted on these message boards are the opinion solely of the poster and do not necessarily reflect the opinion of Eye on Spain, its servants or agents.


1 |
Our Weekly Email Digest
Name:  
Email:
   


This site uses cookies. By continuing to browse you are agreeing to our use of cookies. More information here. x