21 Mar 2009 12:00 AM:
I have for the last 3 years been reading this forum and now have decided to finally try to contact other buyers in the same position as me, to see if they are having any better luck than me in legally trying to get their deposits refunded for phases 3,4, or 5. Cleyton Ges have had my deposit like everybody elses for many years. Our Rosanna was due originally to be completed in March 2008 so I sold not only my home but also my business in perfect time to meet my end of the contract. Then moved happily out to Spain obviously expecting maybe 6 months delay and have been renting now for over one year. In this year we have visited the site and still not one brick of my villa has yet been laid or the plot even marked out!! Last October we had had enough of waiting and because we hold one of the few bank guarantees that were issued to the latter phases we went and sought legal advice. The Spanish solicitor advised us we had more than a good case to go to the court and order Cleyton Ges to return our deposit due to unreasonable completion delays. Due to living here we are now of the opinion that the site will never be finished in the next couple of years if ever and the commercial centre will never be built because obviously no one in business would rent a unit with very few potential customers if any!!! We have been informed that CAM Bank are no longer financing phases 3,4 or 5 so where is the money coming from? It is our opinion that anybody completing on their villas would be making one of their biggest mistakes ever especially due to the current financial climate. At present our case has been put before the court and we are waiting the outcome but doubt if we will still be in Spain by the time it's resloved, we like so many other Brits out here have decided not to buy and risk all for a bit of sunshine!!! Is there anybody else trying to sort out this mess legally if so how's it going?
Community thread:
Return of deposits for latter phases
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