19 Nov 2007 6:46 PM:

Hi there.

Today, we have received an official letter from Concursal Administration saying :

New Medina Villa, Alvenida Mariano Hernandoz, 99 Roquestas de Mar - Almeria, C.I.F. B-04481560 has been declared in Principal Insolvency Proceeding num 169/07, having been designated us as Concursal Administrators due to the intervention-supervision regime established by Court for this case.

We have been requested by the administrators to send all our credit documentation against New Medina Villa within one Month. We will check to see that our Lawyer is handling this request.

Our Lawyer submitted our case to the Court, against the developer in April 2007, however, whether that means we will get any of our money back - we will just have to wait and see.

Regards

John

Community thread: selling english property AFTER becoming spanish resident

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20 Sep 2007 11:05 AM:

 

Scampi.

The Company that we are suing is NEW MEDINA VILLA S.L. This is the developer that is/was responsible for building our Villa on Phase 1 at Los Llanos Del Peral and whose name is on our contract - not Grupo Location.

(Perhaps Grupo location was just the agent for the project!)

Our Spanish Lawyer has just confirmed that our Court case is against the developer and is still being processed through the Courts. He has no news of our developer going into bankruptcy.  However, I am not suggesting that this may be his "get out" later.  We will just have to wait and see and keep our fingers crossed.

Good Luck.

JPP

Community thread: Why are banks not paying out ?

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13 Mar 2007 1:52 PM:

Hi Michelle and Steve.

Today we received an e-mail from you but your e-mail address was not

included so although we have replied it went straight to eye on Spain which

probably means you will not receive it.

Please send me your private e-mail address and I will resend our reply.

Regards

John & Maureen

Community thread: Speeding Fine

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14 Feb 2007 12:20 AM:

We have been told by two independant Spanish Lawyers to get out of our contrat NOW. You will notice that Julian the Gruplocation Rep has discontinued his e-mail address.  Why would he do this if everything was fine?? He told us last October when we met him that he was still taking reservation fees for the remaining unsold Villas on Phase 1 and also on Phase 11?? My Agent has gone into hiding . We have now changed our Spanish Lawyer. We do not have a Bankers Guarantee due to our first Spanish Lawyer not doing her job properly, so we will refuse to pay her due to neglect.

We are now in the process of taking the developer to Court for our full deposit back plus Court fees.

The investment potential at Los Llanos Del Peral would have been very nice, but not worth risking £55,000.

However, to the potential buyers who are happy to sit back and see what happens, I say  Good Luck.

 

Maureen

 

 

Community thread: Speeding Fine

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29 Dec 2006 3:01 PM:

Hi there,

There appears to be little change regarding work on Phase 1 at Los Llanos Del Peral. Has any "potential" buyer any up to date news??

We have asked our Solicitor to write to the developer demanding either a Bankers Guarantee or the return of our deposit until work continues on our Villa. This means that the developer retains only our initial reservation fee. This is all he is asking from buyers of the remaining 9 unsold Villas.

(His bank refuses to give out guarantees until work resumes, however, he has had over a year to provide this documentation to our Solicitor). Our Solicitor maintains  - it is not her fault that he hasn't done so, even though it is against Spanish Law not to provide one!!!. 

The developer's Solicitor has advised our Solicitor that the developer and the local Council are in the process of taking the Junta de Andalucia to Court. Apparently the developer has all the necessary legal paperwork for Phase 1 but the Junta is still refusing for work to continue.

This Court action could take up to 2 years - so the developer will also be in breach of our contract as well as breaking Spanish Law regarding being legally bound to provide guarantees when deposits are exchanged.

Still - Watch this space!

Community thread: Speeding Fine

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