02 May 2010 11:55 AM:

 I too give top marks and can vouch that I had a very satisfactory service from Monte Gomez Ferreres who retreived  my deposit (plus interest) using my bank guarantee at reasonable cost. She has a well known family practice in Murcia and for a long time been well informed about Cleyton Ges and especially Finca Parc. I have friends without  guarantees who are using her to get their deposits back. I would also recommend her to those without a guarantee because of her local knowledge and personal tenacity to see justice done.  

Good luck.

Community thread: Top Marks to Montse Gomez Ferreres

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23 Jul 2009 2:55 PM:

Hi Inspector Homes

Thanks Inspector Homes for your advice. It is surprising that the bank can waive responsibility for BGs to some. I suppose it is conceivable that a developer is going to avoid  BGs where it can, as you say, it makes their development more expensive if they do give BGs. Especially if they fail to deliver.

Its a shame the responsibility does not extend beyond the developer to include the sponsor. I guess the bank maybe a stakeholder in the land but not exactly a co-owner of properties being built. Can't help thinking if this was a development in the UK a major bank would not get involved financing a developer if it thought the developer was breaking the law. it would be like throwing themselves into a minefield.

I dont necessarily believe CG will go bust, but I have friends who are in the later phases and have NO bank guarantees. According to you, they look like they will be left high and dry.

If CG go bust...dare I say it....wont the land  simply be repossessed by CAM bank?   Will investors still be ok as the land is sold on to another developer with all the committments still in place? Maybe a deal between the new developer and investors would take place?

Julian

Community thread: DAVID HAMMERSTEIN - MEP

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20 Jul 2009 6:06 PM:

I thank everybody for sharing information on this site, otherwise the situation for all could be far worse.

As this is a discussion forum, I thought I might put forward some views.

I just wanted to ask Inspector Home's about  his view that bank guarantees are the responsibility of an individual to obtain.  If its in Spanish Law that developers and thier banks provide a Bank Guarantee, then maybe in this case, there wont be the need by individuals to provide evidence of one.

The whole project is financed by CAM bank, including probably financing the purchase of the land in the first place. CAM bank have already issued quite a few guarantees and even returned some deposits . So its quite obvious who the developer is and who is financing.

Are you saying , Inspector Home, from your experience that Cam Bank  can say that Bank Guarantees, if some didn't get them, are not their responsibility ? And that it is up to the developer to get them and inform them. (of who gets  guarantees and who doesn't ??)

Do you think the developer can say also that it's not their responsibility to issue a Bank Guarantee to everyone and its up to  individuals and their lawyers to persue one from them?

Going back my original point. Apart from making it easier to claim, would you really need any Building Guarantee in writing if its already stated in law?

It must be clearly stated in Spanish Law, the framework, the time frames, secured deposits, what the developer is allowed/ not allowed, bank committments etc etc. it wont vary contract to contract.

If its compulsory in law for the developer to issue a BG then its compulsory that an individual receives it and therefore, I expect, deemed to have been received by all.

 

 

 

 

Community thread: DAVID HAMMERSTEIN - MEP

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20 Jun 2009 3:08 PM:

I am in the same position as a couple of hundred others (might be majority) who handed over money to Aramis, and subsequently they disappeared with half of the deposit. The other half went to CG who honoured the whole deposit if we signed to the Finca Parcs project. I and most others (it seems) went with CG instead of attempting to sue Aramis. I later got only a letter/document from cam bank giving security numbers and stating a bank guarantee for my plot. This, I guess, might be a  different sort of guarantee to some that got into phase 1  and 2 at a later date. 

Seems to me, it would more of a challenge for us to get a full deposit returned and maybe this is the reason the bank is asking in addition to the guarantee proof of money transfers to them.  It appears most of us who signed to this project have not made money transfers to Cam Bank. 

If any former aramis investors have had they're deposit back, I think there would be an avalanche of claims.

The question is...has any former Aramis investor out there got their deposit back?

Community thread: Return of deposits for latter phases

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13 Jun 2009 9:28 PM:

Thanks for the info, but why are GG running away from their land and buildings which are worth more than 3m euros or so they hold in deposits? 

 Apart from the fact that I guess CAM has the deposit monies. If CAM bank have invested a lot for  the building work to date wont they just repossess the land if CG is declaring bankruptcy? They then just wait until the phases are sold to get their money back, which seems a lot easier than attempting fraud.

Are you saying CAM bank are corrupt and in partnership with CG to defraud hundreds of investors? Sounds a bit unlikely even for Spain.

 

Community thread: DAVID HAMMERSTEIN - MEP

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