Medina de Banus Bank Guarantee

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06 Mar 2009 12:00 AM by cove Star rating. 10 forum posts Send private message

Does anyone have a copy of the Bank Guarantee for the original Deposit.  My Solicitor is telling me that mine is missing, or not on my file.  As I was not present for the original signing of the Contract I never actually received this Guarantee, although my solicitors assured me it was in place.

I have asked the Bank for the Guarantee, but they told me to ask Prosavi, who are not responding to my e-mails.  A Forum member told me that under the Guarantee, if completion with Architect Cert. and habitation Cert. is not delivered by 1st April, which is the maximum time allowed to the Builder under clause 9/10 of the Contract, then the Bank Guarantee allows a buyer to rescind, but only allows 14 days from 31st March 2009 to do so.

Can anyone who has sight of this Guarantee verify the above for me or if possible scan and e-mail me a copy of this clause.

Thanks in anticipation.

 

Cove




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04 Jul 2009 12:03 AM by Angelica1 Star rating. 2 forum posts Send private message

Hi Cove,

Just wondering if you ever received a copy of the bank guarantee and if the reasons to revoke are correct?

How have you decided to proceed?  Are you going to revoke or complete?

Have you had any joy with speaking to the developers?

I am trying to revoke but am not sure on what grounds I can do this?

Regards

Angelica

 

 




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