03 May 2010 12:00 AM:

 Hi All,

Forgot to say in last post the Development is La Medina de Banus adjacent to Bullring and my e-mail is lulud@eircom.net.

 

Thanks.

 

Cove

Forum thread: medina de banus

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03 May 2010 12:00 AM:

 Hi All,

I am trying to close a sale of a 3 apartment in above development contracted for in 2006 at a very high price and having paid 30% deposit non refundable.  However the bank has reduced the mortgage offer and I have a shortfall in funds. I want to sell  30% of this apartment for use 4 months of the year in each season.  The current price on builder's website is 726,067 euro.

Could anybody advise me where is best Website or place to advertise this as I am running out of time.  Any suggestions gratefully receive.

 

Cove

Forum thread: medina de banus

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01 Mar 2010 6:56 PM:

 Hi All

Last June when the builder got the habitation Licence we applied for the mortgage mention in the Contract from the Caja Madrid Bank. They have failed to provide this mortgage as it appears they have no funds. The Builder via our solicitor redirected us to their own Bank in Barcelona.  We provide a mountain of paperwork to secure the mortgage 4 months, we have to date not received a decision.

We have on numerous occasions asked for the Builder via our solicitor for a reduction as Deutsche Bank will provide our Mortgage,but not at the price we contracted for in 2006. They say the value has dropped 30% and are willing to give us a maximum 50%Mortgage, but the builder is unwilling to accept a reduction, which is his right.

I am amazed that there is no current up-to-date information on the Forum and people do not seem to be using it at all, other than the Lawyer touting for business who states that the builder has automatically revoked our contracts.

Any information would be appreciated.

Catherine 

 

 

Community thread: Almost at Completion

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06 Mar 2009 12:00 AM:

Does anyone have a copy of the Bank Guarantee for the original Deposit.  My Solicitor is telling me that mine is missing, or not on my file.  As I was not present for the original signing of the Contract I never actually received this Guarantee, although my solicitors assured me it was in place.

I have asked the Bank for the Guarantee, but they told me to ask Prosavi, who are not responding to my e-mails.  A Forum member told me that under the Guarantee, if completion with Architect Cert. and habitation Cert. is not delivered by 1st April, which is the maximum time allowed to the Builder under clause 9/10 of the Contract, then the Bank Guarantee allows a buyer to rescind, but only allows 14 days from 31st March 2009 to do so.

Can anyone who has sight of this Guarantee verify the above for me or if possible scan and e-mail me a copy of this clause.

Thanks in anticipation.

 

Cove

Community thread: Medina de Banus Bank Guarantee

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17 Feb 2009 8:54 PM:

Hi,

Thanks for all that info.  Do you think Prosavi will have the certificates in place by 1st April deadline?

 

Cove

Community thread: Final payment.

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