10 Jan 2011 9:01 PM:

Hi all,

First post but been following for years as I to am caught up in this mess also!

With regard to the offer to move to a built property in Alicante, apart from the obvious that we are still paying over the odds, what other reasons are you guys declining for. My thinking is if the OCC development was actually ready today, we would still be paying over the odds as I don't see how you cannot complete on the property, as you are not going to get a refund as they have no money, so therefore in my mind, bankrupt! I can see over the next year or so this being official, and despite the guys who have won in court, if there is not money to return, and like me you only have a bank guarantee from Almanzora which is usless, you loose the lot.

I have been offered something at 74k Euros which they claim to be worth £115k Euros. I think 90k Euros valuation is nearer, but at least its a discount rather than loose the lot, and definately in a better location than Thanernas.

Apart from that fact no one wants anything to do with this bunch of crooks, I believe we would be buying from the bank, not the builder therefore not giving them any money, but the hard bit to swallow is letting them off the hook with the money they already have.

I really cant decide what to do as I worry mostly about the location of Thabernas and loosing all the money. I would welcome to hear reasons people are deciding against this to help me make a decision.

Many Thanks

 

Community thread: OTCC - Action on Huma

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