Idea

It may have been mentioned before, but could it be worth contacting other large developers such as Desert Springs, Polaris etc. to see if they might be interested in 'buying' our deposits (all of them) from Huma on the agreement that we would all then enter into new and presumably safer contracts to purchase property from them. For their trouble, the value of our deposits may have to be discounted by say 25% for example, in return the developer would receive a large number of customers and deposits.

We, as investors, might be better to accept a lower value for our deposits than to risk loosing all.

My situation by the way is €51,000 with no BG, and not taking to court yet.

I think if this kind of deal was offered with a large number of us involved it might work. I have heard of it working before in Spain.

Thats a good idea, not sure if anyone would want to take Almanzora on in the current climte but it could be worth a try.

Does anyone know any more about doing something like this?

It wouldnt be possible for us to do that, however I did think about seeing if  people could put the monies owed together (without paying any more  money) and own a home jointly, then when things pick up, sell it. Bonus is we dont lose all our money and dont give them any more money, but have something to show for it. As only a very Last resort but dont know if its possible. 

Jo

I dont know if that would be a good idea Jo222 - that could bring other problems.  What if one wants to sell and the other party doesnt, disagree on price or when to sell, can you trust (sorry, I know you should be able to but its not always advisable) the other party, etc..   I think people would just fall out with each other - we all had such high expectations. 

I know it has negitive points but it is a last resort, and hopefully if people could talk about it before hand. Its not ideal but its better than losing everything isnt it? To us, it is all we have. We dont want to live on mcc and i sure dont want to give them anymore money. But if it comes to losing our money or doing that, i dont think i have a choice to try it.

We have taken them to court, and won and still no money, we have put in inbargo on a property but thay have morgaged it. We now aretrying one last thing and if that dont work, nothing else will.

Jo