14 Jun 2016 6:57 AM:

Hi Silver

outside info - I used to post on this site during our purchase and the construction and the rest of it - so I have a lot of history with ME23

We are about to embark on our second round of legal action as purchasers on Medina 23

We started the legal process back in 2008 and sued for default and cancellation of the purchase contract for non delivery of the property in the contract time line - Peninsula counter claimed for full payment - the judge in Marbella rejected Peninsulas claim and we were awarded full costs and deposit return + interest in 2013

obviously seen any of that money yet 

we were not provided with the original deposit insurance certificates at the time of purchase so we are now preparing to sue the developers bank by taking further legal advice based on the recent Spanish Legal rulings

will keep you updated

rgds

Deep

 

 

Community thread: Successful recovery of deposits continue at Medina Elvira

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27 Feb 2010 6:31 AM:

Sabber

An excellent point, and I believe you are correct, which makes me also wonder if the sewage, water  problems etc also apply to Grupo Balboa developments- also they were the developer of the hotel and (i seem to remember) I read that was being slowed down (?stopped) - ? any info out there

Offical disclaimer  - I disclaim any reponsibility for any one deciding (now.past or future) to invest in this mess!!!

deep

Community thread: Hallo

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27 Feb 2010 5:58 AM:

Oh yeh thats easy

in order

True

True

True

and Does anyone know the Spanish for "Pigs Might Fly"

Community thread: I am in shock!!

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01 Dec 2009 6:40 AM:

Hi Seagull

long time no speak, - I can't speak for the embargo

but I have to say this - your posts seems very upbeat for someone so long involved in this ongoing "situation" -

We use to converse on this site about this development some years ago  - so - following up on your suggestion earlier in this thread would you like to tell us which property you own / are buying / intend to buy / or are hopefully leasing out ??? - I've been reading your posts since the early days of the development and would therefore assume you are one of the happy first buyers who are now receiving the guaranteed rental income ??? 

But I have to say - now I'm not sure - are you just the seller ? - an agent ?  or just a full on optimist ?    who knows on the web eh !

As for believing Peninsula -be it Royal Peninsula or Peninsula Project Management, or giving them more time - oh boy - please give us a break !!

Many of us have been at this for a very long long time with RP or PPM - future buyers please read everything you can get from anywhere carefully and then question if you really still believe in this offer.  Many a useful piece of historical information on this development has been removed from this site ( due to the passage of time )  - absolutely no problem with the "eye on Spain" web site - it has been a great place to get info on this and other development s- and I suggest all new or prospective purchasers use it fully.

New comers to this development - take note - unless they recently merged (unlikely - but please do ask them) - RP and PPM are two different companies - PPM sell you the house - RP offer a rental package - which may or may not be what you thought it was - you agree to buy from PPM and if RP go out of business the next day (or earlier) - tough luck, you're stuck with the mortgage and your guaranteed rental just disappeared

my conclusion 

beware

deep

 

 

Community thread: Hallo

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27 Nov 2008 3:04 AM:

Very interested to hear why you think the guaranteed scheme will never happen - what leads you to that conclusion

rgds

Deep

 

Community thread: Rental scheme income may have been seriously overestimated

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