05 Aug 2009 8:07 PM:

Just got another email from the lawyer.... it will take six before hearing and another six months for court decision.

Community thread: Phase 4 purchase...

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04 Aug 2009 4:06 PM:

Hi Mark,

I received similar letter from LoS, who haven't answered the questions I raised - how many buyers are they representing, how long does it take to reach final decision (and can be enforced? !), what is the likelihood of winning the case.

They set a deadline to join the litigation (arranged by LoS and Lawbird  lawbird. com / spanish-litigation ) is 15th Aug. But need sign a letter of engagement and power of attorney first.

My concern is what would be the final likely outcome, not further waste of time.

Best

Lee

Community thread: Phase 4 purchase...

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22 Jan 2009 11:35 AM:

hello there,

I reserved a flat on this site three years ago. the completion is well over due. Just wondering what the current market values of the properties are at vista hermosa. is it reasonable to assume that the current value is less than 80% of the sales price?!? i.e negative equity as soon the developer devilvers the key.

under spanish law, what compensation can the buyers receive following delayed completion by the developer? and what are the likely outcome to be if we take group action to bring the case to court?

on a side note, if the developer is struggling to come up to terms with finance to complete the project, it is very likely that the service and maintenance on the estate are of sub standard as well ........... &%%^%

all the best

lee 

 

Community thread: I'm Looking for a 3 bed detached Property with access to a pool in the Quesada area for long term rent.

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