08 Jun 2007 8:43 AM:

Have just come back from Marbella - we went to La Cala and up to the Hipodromo - there are no Aifos flags at all now and lots of other buildings have gone up since October. Glad we are now not buying there as it is a concrete jungle & looks horrible, the golf course isn't even complete., even the race track looks delapidated. When we were out in October we were given the choice to change apartments to the ones behind the hipdromo these are half built and haven't been touched by the looks of it since we were last out in October and there were no workmen at all on site that day.

After seeing our lawyer one good thing I suppose I can say is that hopefully Aifos will not go into liquidation as apparently all of the big banks have lent them money so they are trying to keep them afloat or they will lose all their investments. Our lawyer has put an embargo on another property with Aifos which stops them selling this & completing the particular site until they have paid us our money. It will still be next year our lawyer says before the court case and everything is settled though. He did say that he thinks Aifos acted in good faith when they first started out but they just go greedy and are in a state, we saw not one Aifos flag throughout the whole area and they weren't at the airport anymore advertising, still doesn't justify what they have done.

 

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01 May 2007 6:42 PM:

We too are waiting for a court case to come up - it is 6 months since we heard from Aifos that they would refund our money so looks like we have along haul but we are oing for compensation also whether we get it is another matter. It is unbelievable that they are still selling without bank guarantees lets just hope new buyers are sensible enough to realise not to sign unless one is in place. As I said in previous correpondence we were told by many when we went out in October that the land that Las Caballerijas should be on will never be built on as is rustic land so cannot be developed and I don't think the developer with the buildings behind it which were almost finished in October 06 would be happy either.

It's sad though that folks like us are being penalised and unfortunately 3 and a half years ago not many knew what conmen Aifos were and all the lawyers and agents involved with them - including agents in England who were just as bad as they too don't want to know either now. Our bloods are all boiling now I think when we should be out there enjoying ourselves but I really can't understand how the Spanish government can let them get away with it and so many complaints.

 

 

 

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02 Jan 2007 5:46 PM:

 

We were verbally informed by Aifos in October 06 that we could have a refund of the money we had paid but  this would not be until mid March, we asked for this in writing but since then have had no contact from them & don't expect to so have now changed our Lawyers (which were recommended by the agent who we now find is a good friend of an Aifos manager, say no more!!) as 2 and a half yrs down the line refund of money paid is not good enough. Have now started proceedings against Aifos for the money paid and interest but realise we have a long haul ahead of us & a lot more money to pay out in the process.

 

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19 Oct 2006 12:00 AM:

we signed our contract for las caballerivas in june 04 and were never told there was no planning permission until 18 months later when we queried why it was not being built. Have just been out last week and were laughed at by another developer building behind the site who said they would never build on this land as it was rustic land and that Aifos are renowned for taking peoples money and not completing.

We have informed Aifos we want out deposit & other payments back, does anyone have any advice on this as to any problems they have encountered when trying to get their money back as our lawyer is Spanish but was recommended by Aifos!!. We are really worried that we may not get it back and annoyed that we now have to go elsewhere, even though we were offered the Hippodromo but these are not built as we saw and have no building licence so would not trust them further anyway.

 

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