04 Mar 2011 10:30 PM:

Seven years since taking our deposit. Finally received judgement today.

Aifos in breach of contract. We have been awarded return of deposit plus interest. (We have been trying to get it back for the last3-4 years).

No compensation for moral damages or loss of appreciation (at the time we began action this was over 30,000 Euros) as they did not feel we had been able to prove that we had intended to move out to Spain.

Original (independent) Solicitor didn't believe in writing letters, used the phone therefore a lot of my possible evidence was in the form of post on this website, which was subsequently deleted when EOS did some system changes. We have found it difficult to prove that it was our intention to live in Spain, despite the fact that I retrained with the  intention of teaching in Spain. I/We feel very let down by the Spanish justice system.

We do have an embargo on a property.

Solicitors fees, production of documentation etc. have cost a small fortune. If we ever get our money back it will certainly be far less than we paid out.

My husbands health (arthitis) deteriorated, as too has mine. I pray that we will some day get some of our money back.

Some years ago the UK forced Banks to hold CLIENTS accounts for Insurance Companies and Solicitors to hold deposits for clients puchasing property, I cannot understand why the banks are not forced to hold Deposits in Clients accounts for builders, particularly as these can frequently be clearly identified.

 

Thread: Why the non bank guarantee cases will fail ....

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28 Feb 2009 12:06 PM:

I know. It's the best news I've had in ages.

With the stock market crash and Aifos situation, we were almost complete wiped out financially. So this is a relief. I've been picking up the latest on the banruptcy frm the link below. Hope it proves useful.

http://aifosbankruptcy.blogspot.com/

Thread: Not sure what to do.

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24 Feb 2009 5:23 PM:

What does that actually mean please?

Thread: Not sure what to do.

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21 Feb 2009 3:21 PM:

UPDATE: Aifos didn't reply to the enquiries about alternative properties. Received notification this week that Judge has granted us an embargo on the assets of Aifos. Is there light at the end of the tunnel?

Thread: Not sure what to do.

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01 Feb 2009 10:14 AM:

Strangely enough, our lawyers are Lawbird and they have suggested we accept one of the properties on offer and transfer over (not like for like, with no account for legal interest or appreciation. It would definitely be a much smaller property). All the properties offered are more expensive than our original property, but then they would be five years down the line. Our original intention was to move over to Spain for health reasons. As a result of the delay, in April we bought a bungalow over here and have obviously used our capital for the purchase and don't have the additional capital to hand over to these rogues.

We have seen a couple of apartments within our means and yesterday sent an email to Lawbird asking them to look at feasibility. We haven't had a mortgage for years now and don't relish the propsect but don't have much choice unles we want to wave goodbye to £50,000 plus at todays rates.

Thanks for your input Coombsey.

Thread: Not sure what to do.

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