11 Jan 2010 4:05 PM:

Hi Michael,

Sorry taken so long to get back.. Ok this is the latest position that we are in and the latest news I have had.

We bought on El Mirador, Condado de Alhama in August 2007 and as you will know they have put a hold on building these.  They probably never will builld them but are reluctant to say so because then they will break the contract which says they will be ready 18 months from start of building.  We bought our apartment to retire into and have sold our home in England to finance this.  We are now having to rent in England.  We have been in touch with  (had to remove)who arranged for us to go over and look at other apartments which were unaccaptable to us, mainly because of the position they were in.

We have since heard that polaris world are set to go bankrupt. if you look at (had to remove)

We have got a bank guarantee so hope that this will help to eventually get our money back.

Hope that you have one too.

Hope this helps

 

Regards

Joyce and Alan

PS.  unfortunately when trying to post this I was not allowed to include email address or web addresses so if you like you can ring me on 01422 200586 I can then give you my email address and forward the links to you. Or I will try here to give you my email but in parts

joyal214 and we are with yahoo and its ,com

 

 

Community thread: Concerns El Mirador

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22 Jan 2009 4:31 PM:

Hi again,

Yes Parador Properties have gone into liquidation, we also bought through them and we joined the owners club at a cost of 900 euros so that's more money up the spout.  Well our solicitor is the one they put us in touch with Aniorte Abagados, C/Ramon Gallud, 74-3 C-03181 Torrevieja.  Tele:- 0034 965718549.  fax 96 571 93 86.

Keep smiling you never know if we all stick together we may beat them in the end.  It cant possibly be legal what they are doing.

Will keep in touch

Joyce and Alan

Community thread: Concerns El Mirador

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22 Jan 2009 12:29 PM:

Dear Mark and Li,

Ok, where to begin.  Well we also have paid 40% to Polaris World.  They have offered us alternative apartments but we bought on El Mirador because of the position and would not have bought any of the other apartments that they are building.  Therefore we have refused any alternatives. 

We are living in Spain at the moment as we decided over a year ago to move here to wait for our apartment being built.  We are now moving back to the England but will have to rent as we sold our house to finance buying this apartment.

We went to see our solicitor yesterday and was told that we should first apply to Polaris World in a friendly manner to ask for our money back. (This of course will not happen)  We then have to take them to court and she says that we have a 60 to 70% chance of winning.  This will cost from 5000 to 13000 euros. so this is a gamble.  We dont have to decide just yet on whether or not to take them to court.

We are also in touch with other people in the same position and some that have only made the first stage payments.  We are moving back to England on the 1st Feb and I will keep you informed of what happens next.   

Community thread: Concerns El Mirador

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28 Nov 2008 11:15 AM:

Hi Ted,

Thanks for your comments.  We are indeed intending to get a refund from Polaris.  We have now instructed our solicitor to request the termination of the contract and the immediate refund of our deposit..

We realise it may not be that easy but all we can do is try and hope.

Thanyou again for your interest

 

Joyce

Community thread: Concerns El Mirador

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25 Nov 2008 1:01 PM:

Hi,

We also bought an apartment on El Mirado, Condado de Alhama in August 2007, with the understanding that it would be ready within 18 months to 2 years.  We have paid 40% deposit.  We bought this apartment to live in as we are both retired.

We are living in Spain at the moment in rented accomodation.  Polaris World contacted us 2 weeks ago to inform us that they have no plans to start building El Mirado in the near future and they offered us alternative accomodation.  They seem to think they are doing us a favour by offering us apartments nearer to the shops, bars, swimming pools etc. but this is not what we wanted and why we bought on El Mirador.  They also told us we could wait for El Mirador to be built but as you know they have no plans to even start the building and as we are both in our sixties we cant afford to wait too long.

We bought through Parador Properties who introduced us to a solicitor in Torrevieja.  We have emailed this solicitor to ask for advice but received no reply.

As far as we know this solicitor holds a bank gaurantee for us.

Any advice on this matter would be most welcome.

Joyce and Alan

 

Forum thread: seeking advice on condado de alhama

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