29 Jan 2014 11:42 PM:

I know and I feel so much for the people like you that have used life savings for their dream home. I know deepdown we wont see that money but I remain positive until the end! Like you say maybe this is a good lesson to learn at a young age we will be a lot wiser and guarded from here onx

Community thread: Bank Guarantee

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29 Jan 2014 4:01 PM:

Sorry I didnt probably explain very well, ill have a look who has signed our contract and let you know, yes we won our case and are down as creditors, but as you said know all of the money will go to the banks pockets first.

We didnt want to purchase another house but it was put to us as a option from Procobar, we considered it but when we saw what they were offering it wasnt really an offer it was properties that were overpriced and would see up mortgaged up more, and we made a final decison that all we wanted form the start after the delay in the development was our deposit and legal fees back. So straight away declined to negociate with them.

How much longer can this process take, im 35 now and feel ill be blummin retired before we ever get closure on this, pay out or not!!!

 

Community thread: Bank Guarantee

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28 Jan 2014 4:14 PM:

Hi there 

 

i know this thread is from last september 13 but we are going through the same process, we put down deposit on Sierra Golf in 2006, and have won our case through courts, we have used JLCA Lawyers in Alicante, but havent heard any updates from lawyers since Sept 13, we have been emailing them but no replies as yet as too current update.

we openned an account with Sol bank and used Atlas International, i dont recall any bank guarantees but will go back through our paperwork tonight.

We inquired into taking another property through them but he was asking too much for them and would have meant taking a big mortgage on more than what we actually origionally intended and the value of the properties he was offering werent at market value.

We have paid over 9,000 euros in legal costs and last year had to pay an 4,000 which made it total 9,000, which now my husbands beleives is all a con and that the the legal teams no we will never see any money back, its hard to keep positive when the process is so drawn out and is something we put to the back of our minds as a big mistake, i try to remain optomistic but my husband isnt and says we shouldnt waste anymore of .our live sor time on it.

Does anyone have any positive news on our, and others same situations?

Community thread: Bank Guarantee

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