26 Nov 2008 8:57 PM:

We are also concerned with what is or is not going on!   We have had concerns for sometime, just like most other potential apartment owners. As we understand the Spanish law the facilities that are advertised in the original documentation  must be built but that does not cover the possibility of PW not having any money We feel it is best to put off signing for as long as possible, especially as it appears some other golf resorts have now ceased altogether. 

We still may walk away and lose the deposit as possibly we will spend good money after bad.  We have also received an e-mail from Bancaja who are supplying us with our mortgage to say that things are changing and although the mortgage is approved they may change their minds!!  Now considering they have supplied PW with the money originally and we are taking that over is the bank covering it's own back!  If they withdraw the mortgage potential buyers will have to go elsewhere for the money and the original loan to PW will be repaid to Bancaja reducing the banks vulnerability !!!!

 

 

Community thread: Phase 1 completion

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