24 Oct 2007 12:00 AM:

I'm another owner who would rather wait it out.

It's true if Aifos go bankrupt, we could all lose our deposits- 

However, I wonder about the motives of "Juan" - recommendation of Rosa or not.

If he wins the case for 7 or 10 clients, what will be his earnings from the money awarded. Plus would you even no the final details of the court's decision

as to compensation for the increase in value of the property, or money equal to bank interest lost. It's hard to trust someone you have never met. How close is he to Rosa?

one other point  - I always thought Aifos's interests woukld be served by completing Torreblanca. Our deposits (a fraction of the value) were probably spent long ago-

but on completion - they will get the full value of all the properties they have sold from the mortgage lender (buying price minus the deposit)  surely this would be  a sizeable injection of capital for them.

To act or wait is a huge gamble either way. Even if it went bankrupt, the trustees of bankruptcy, might order the completion  to provide money for other creditors- the project is so far advanced - they can't just knock it down!

Wishful/ rash thinking - I don't  know?  Any signs of building work of course is key.

 

Community thread: Asturias

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