18 May 2009 9:54 PM:

Hi everyone, thought this bit of information might be relevant for this thread. I walked away from Porto Fino back in autumn '08. I haven't had much contact with MRI since then until they phoned me up last week. I met with some representatives at the weekend, as did a number of other people who had also put a deposit on an apartment in Porto Fino. They said that Proindal cannot legally force anyone to complete the purchase, its only a scaring tactic that they hope will allow them to recup some revenue. Anyone who put down a deposit but left, would have a case against Proindal as they were in breach of contract over completion dates etc, but, as they are on the verge of insolvency, we haven't a chance of getting any money back.

As an aside, we were all offered equity in an MRI apartment equivalent to the value of deposit we walked away from. In their words, they felt bad for introducing us to the Porto Fino complex and being partly responsible for us losing money. My personal take on it is slightly different and a lot more cynical! We (my wife and I) declined. Apartmently, most people took it up.

Hope this is of help,

Andrew

Community thread: anyone who has walked away recieved a letter from prodinal lawyer

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14 Sep 2008 10:08 PM:

Hi everyone. I too purchased in Porto Fino in late 2006 and put down a 15% deposit on a 2 bed, 1 bathroom apartment and have now had to walk away. I'm sorry to hear so many other people are in the same predicament as I can testify to the stress, financial burden  and questioning of ones judgement that it causes. Like a previous post on this thread, I too made the mistake of purchasing a furniture pack prior to completion. So, if someone would like a quality, heavily discounted 2bed furniture pack then I may be able to help. Also, jgriff16, I will send you a private message once I get authorisation. The 'light at the end of the tunnel' comment has perked my interest!
Andrew

Community thread: Plumber > y Boletín de Instalación de Agua costs 700 € ???

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