28 Oct 2008 12:00 AM:
Further to our recent e-mail we write to confirm that we have had a meeting with the Concurso Administrators and the owners of Herrada del Tollo SL (San Jose). In our meeting with them they stated the following:-
1. San Jose are now able to continue with the building works and they calculate that within 18 – 20 months the properties will be ready to hand over
2. They have assured us that the original price of the properties will be respected but some kind of extras will be included to compensate for the delay. We asked what kind of extras they would be willing to include but they were unable to answer us at this stage.
3. They stated that shortly they will contact all of the buyers in order to confirm this and ask if they wish to continue to purchase the properties or whether they wish to cancel the contract.
Some of you have already confirmed to us your wish to cancel your contract with San Jose, however, if you have not already confirmed your instructions to us we ask that you now do so. Although at this stage all of this information has only been received verbally, once the official letter has been received from San Jose we will need to take the appropriate steps according to your instructions.
On another note, we are aware that some firms of lawyers have started a rumour saying that they have managed to negotiate with San Jose for the quick return of their clients´ deposits. Both the owners of San Jose and the Concurso Administrators have confirmed that this is not the case and it will be absolutely impossible to return any money to anyone at least until the Concursal proceedings finalise.
Community thread:
Update from my solicitor
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