17 Dec 2008 10:39 PM:
Hi all,
Just found this notice board - and have put down a sizable deposit on a property in Fortuna.
I am looking through the literature that was given to me at the Inside Track seminar and quote the following
'Your investment capital is released only when a bank guarantee is in place.In the case of default, our clients will receive all of their money back. Your investment capital is secure. All developments in the Instant Access Properties portfolio are bank guaranteed.There are Spanish and EU laws in place to protect the purchaser. The developments we represent are secure.'
I too am in the process of engaging Plus Advisors. To date I have just signed a notification to request my deposit back via Plus Advisors on 29th October. I heard back from Plus Advisors on 19th November that they were not getting any replies from the developer, and they mentioned Price Waterhouse Coopers Landwell and 5000 euros.
I have not paid any deposit to Plus Advisors to date, and have asked them about the bank guarantee but heard nothing back. Based on what I have just read not happy at all about situation on bank guarantee, and perhaps another reputable Spanish firm would be more appropriate. Meeting up would be a good idea.
Regards
Andy
Community thread:
Anyone else bought an of plan property at FortunaHill Golf and waiting on completion ?
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