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El blog de Maria

Your daily Spanish Law reporter. Have it with a cafe con leche. www.costaluzlawyers.es

Legal tip 619. Letter from CostaLuz. Number 2
Saturday, October 22, 2011 @ 2:37 PM

Dear clients:

We keep fighting very hard for the refund of your deposits, always looking more into finding Finantial institutions which guaranteed those refunds so we can enforce Court decissions against them. This week, we had a great new as a big bank ( BBVA) settled Out of Court in one of our claims based in provision 1segundo of Law 57/68.

The fight is not being easy as Courts are very overloaded, developers are bankrupt and, even when the conscience an energies for fighting against Banks is growing more and more, you can still feel yourself a bit small before the big boys. It depends on Judges. Some are more willing to understand that other ones are.

 Also, the fact that we are having national ellections on the 20th of November makes the whole spanish society being kind of static, just waiting for the new to come.

We keep dreaming about having you happy back here in Spain as we are so certain that there is a place for you and yours. That is why we are also approaching some developers ( those we used to and still fight against) so they can offer to you their stocks. They are nice people in general who were overexcited by the growth of the industry during the boom years, encouraged by easy credit by... the Banks! I always think they were tools in hands of Banks.

These dealings with developers seem to be working fine. They see now that they need to be closer to you than to the heartless financial monsters. It is a win-win scheme. Some of them are offering our clients to just take their exisiting mortgages and have a house in Spain. Much lower prices than initial ones. If you are interested about knowing more about this, please send an email  and let us know.

I am exhausted, but still feeling the deep passion of having british people living happily in Spain in the years to come.

Cheers!

Maria

Arcos de la Frontera

"Arcos de la Frontera", Cadiz, Spain, by Chris Juden, at flickr.com



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