12 Nov 2014 12:01 AM:

We too would welcome a bit more information. Original Spanish Solicitor ttold us we had a guarantee, until we asked him to recover our money. Paid over 7000 Euros to take Aifos to court, who said we could have our money back plus legal interest but no compensation as we couldn't prove we intended to move out there, which was always our intention. Paid again to go on creditors list. So obviously, not keen on keep throwing more money into trying to recover our deposit if there is no REAL prospect of getting it back.

I worked for a bank for a number of years and know that UK banks had to hold monies in seperate accounts to ensure that they were only used for the purpose intended. So I sincerely hope the ame really does apply to Spanish Banks. 

Community thread: Good News For Aifos Creditors

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09 May 2013 9:11 PM:

 My payments went direct to Aifos' bank account. We signed bills of exchange for our stage payments and have copies of the acknowledgements for these payments. It would be helpful if you would give me some information of cases that have been successful, how we would go about weeking recovery and an estimate of costs involved.

Brenda

Community thread: Legal tip 552. Case Law on Banks liability when NO Bank Guarantee

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20 Jun 2012 6:24 PM:

 We bought off plan with Aifos. We paid alot of money to take them to court. Paid to take an emnbargo on a property which we had to release. We shelled out again to get on the creditors list too. We won the court case, but were only awarded our initial deposit plus legal interest and are now being told we MUST accept the offer of 45% or we will get nothing. 

Our first solicitor actually told us we had a guarantee right up until we tried to get our deposit back, then he told us we didn't. So if there is any way we can get OUR money back from AIFOS or their BANKERS I'd love to know how we go about it WITHOUT paying out more and more money. We have already been bled dry.

Community thread: Legal tip 552. Case Law on Banks liability when NO Bank Guarantee

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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.

 

Forum 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/

Forum thread: Not sure what to do.

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