26 Feb 2009 12:00 AM:

Hi All

I decided not to go ahead with my 3 bed penhouse apartment as a spanish lawyer advised that no spanish judge would enforce roda to obtain permission to take any more monies from me I have already paid 83,000 euros plus the initial 6,000.  Roda are now saying that they have already won a case in December of 2008 as someone else decided not to proceed.  Bearing in mind we bought into a package, i still have all of the literature, and it appears that none of this is happening now.  I have asked the question as to where i stand and also the solicitor representing me, (recommended by Roda!!), how they can get away with this as in August last year, the property wasnt ready and that was18 months deadline when i could have had all my monies back.  Why didnt our solicitor advice us of this option, simply because hes recommended by roda maybe.  I was advised by Roda admin staff upon visiting in Feb 2008 that they had up to 3 years from start of build to complete, i now know that this was a complete untruth.  Has or is anyone else experienced this problem and if so can you advise what has happened or help in any way.

David

Community thread: RODA THREATENING TO TAKE US TO COURT

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27 Jan 2009 8:24 PM:

 Hi All

I've just came over this web site tonight. I reserved back in Jan 2006 for a 3 bed Penthouse apartment on phase 3b. As yet I have not completed due to the fact that the banks at the time where offering up to 100%ltv. With what is happening to the economic climate I am very reluctant to proceed. Roda email most weeks trying to get me to go over and complete but I was and I am prepared to walk away from this investment and loose my money which stands at approx 88,000 Euros. Don't get me wrong I cannot afford to loose that kind of money but Im now wondering looking at some of the concerns you have (and rightly so) and the lack of progress should I just walk away rather than borrow more money to put into this deal at Roda. I feel the same like you all I also have not been kept informed with progress and completion dates in particular from the Lawyer (recommended by Roda) who should have represented us more and told us that we had options available before we got in too deep.

I contacted a new Lawyer by email yesterday who said it may be possible for me to get out of this but I would certainly loose my 88,000 Euros. He said as far as Roda claiming compensation it would be highly unlikely that a Spanish judge would permit them as what they have received so far is more than enough. Any feedback would be appreciated.

 

 

 

 

Community thread: DeVere Hotel

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