Not money for finishing the development!!!

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29 Sep 2008 12:00 AM by Carlos Legal Advicer Star rating. 15 forum posts Send private message

I have heard, thougheven for many buyers it may look increable and hard to hear as all of us have invested a lot  money and nobody wants to loose, that  Aifos has not enough money to finisning  the development  of HACIENDA and that It is the reason of the heavy delays in all the phases except Nº2 , this one with the inconmeasurable help of Banco Pastor;
I have got some information that maybe in one or two months is going to be granted another phase - nº1 or 4, I am not sure -.
I know there are not pools, tennis,sport areas, etc but the risk here is not to loose some pools, etc but to loose all the investement if Aifos goes in bankrupt before finishing the development or, what I think more probably, that is manage to get an accord or agreement with the banks who are behind the development in order to complete the works. 
I have bought 2 apt but only one is in phase 2 and I have  public signed it and already registered in the Public Property registry of manilva. Finally is mine!!! 5 years waiting!!!
With the other in phase nº3 i am trying to change for other real products not so riskly as to wait one year more to Aifos.
Next week i am going to Casares and if somebody is going to be there pls let me know and maybe we can meet!!! 


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