65% of my deposit back over 5 years just another kick while we are down

this is from  Herrada del Rip off.coms web con site

Orihuela, 8

A little bit slow Blaggy it was put on a thread of its own yesterday by Dave, just hours after  we got our letter, and what is more we are only 25km from Orihuela adn it took 18days to reach us. We gave our password so all can access the crap

San jose herrada del rip off.com have broken agreement after agreement, They have failed to honour the most basic of contracts regarding our property- deposits. And now at this stage the ADMINISTRATORS are allowing this company to beg and ask for us to VOTE to get the company up and running again. They must have there backs against the wall to do this, and of all the cheek offer us 60% in how many years. So they can stall lie and stall again.This company must be stopped so they can not ruin any more lives. 4 years late I want my full deposit back.

THEY HAVE BROKEN THERE OWN CONTRACT, ironicaly if I broke the contract i would loose 50% of my deposit.

€ 300.000.000 million the company is worth can H.D.T. sell a few assets and give our money back. The courts will let them surely do that, Are the courts involed in this offer 65% back over 5 years WHAT A RIDICULOUS AND PATHETIC OFFER.... and in the next 5 years can we trust and pray they won`t get upto there old ways. Not even courts and lawyers could help us in the past. So do we just stick our heads in the sand ........ VOTE NO....LIQUIDATE THE COMPANY AND GIVE US BACK OUR DEPOSITS IN FULL. 

This message was last edited by blaggy on 21/04/2010.

This message was last edited by blaggy on 21/04/2010.

ORANGE  TYPE ????

just found this link on google if anyone wants to check it out.

http://www.simplynetworking.es/news_further.php?id=2806&top_id=31

Hi Blaggy'

One very blinkered, SARC influenced report. Just had the same report sent to me by email from Alundena on behalf of HDT. Only time will tell but I know I would never  trust anything Hdt ever tell again.

Dave

Dave,

You have your money & yet you feel free to throw  caustic remarks about. What really concerns me is that you smear any one & I mean any one who does not agree with your wish to have HdT liqudated. I am amazed that your blinkered hatred even extends to people you personally know in Spain. Are you off your trolley? You seriously think that it is acceptable to slag off some one you know on a open forum & even do all you can to lose their money? With friends like you who needs enemies!

  I WANT A POSTIVE OUTCOME FOR ALL

Tony R 17 18

Dear Dave

Would you be kind enough to forward to me the report you refer to, which you say was sent to you by email from Almudena on behalf of HdT?  The reason I am asking for this is because the link Blaggy posted on here is to a website that published something I wrote for them, and if indeed Almudena sent this out to you it was without my permission. 

I was specifically asked by the owners of the website to write this report, and I also sent them links to articles in the Spanish press and a video so that they had all the background information.  This website had already covered the story of the shepherd and were interested in knowing what had happened since then.  SARC had no input to my article, although I obviously mentioned their names, especially as they are willing to post exactly who they are (this is not a dig at you and GAL by the way as we know who you are!). 

I am genuinely concerned that liquidation now will mean that John and I will lose every penny that we paid to HdT, as will others in the same situation.  As stated in my report, I feel that our solicitors should have informed us of the necessity of having a bank guarantee and if they had done so we wouldn´t be in this situation.  I am not convinced that we will get anything back if HdT continue with the development, but at least it still gives us some faint hope.  If you read my report carefully you would have noticed for example that I stated "Herrada del Tollo have claimed...." and also that they "still need to secure the finance to continue with phase one", which I believe is trying to give a fair and not a "blinkered" view.  The story here is about British buyers trying to save either their houses or their money, and is not about praising Herrada del Tollo.

One last question for those of you who have already had your money back.  We are of course happy for you, but we would like to know why you seem so determined that the rest of us should not have the opportunity to be in a similar happy situation?

Sue

Sue,

We have not had our money back fact.

I just want you to clarify, you say you will lose all your money if the company are liquidated? Can you provide some factual evidence to support this claim? Or is this just your own 'notion'.

And before you ask, no I cannot prove you will get all your money back if they are liquidated, but who in business can give you guarantees like that, except the likes of San Jose, they even promised I'd get a house!!! Ha, ha!

Just my opinion though.

Regards

Hi Sue

I'll send you my copy as Dave is away today, yes we got one each and don't even have a contract Almudena is so desperate to  get her 51% she has sent it to all thoise she has contact details of and after a phone call saying "they wont bother me anymore"

I want everyone to get back every penny they have paid to these crooks and for all the Rodriguez crew to go to jail move directly to jail and not pass go.Even if I did not have my money back I would still vote No as I feel it is the best way to send the message to these crooks. What ever Almudena tells you all  I have been part of the Administration process for Bradford City  who were put into Liquidation and although it took a couple of years I did get the money they owed me back so I know letting the courts deal with the company is the best way forward for all

Have alook at a report in the Costa Blanca News page 5  Almudena has said "Those cleints who had no bank gaurantee would be given one" where is she getting em from I would be asking once a crook always a crook

Linda

Jaqib

If you read my report on the website, you will have seen that I said "highly likely" that I wouldn´t get my money back.  I am basing this on the fact that when companies go into liquidation their assets are sold to pay off the creditors, and although there are signs that the housing market is not falling as badly now as it has over the past two years, any recovery is likely to be slow.  That being the case, land (for example) won´t be sold for the ridiculous prices it achieved in the past.  We know that we have been classified as ordinary creditors by the court, so we are at the bottom of the list for any payouts.  I am worried that there won´t be any money left to refund us our deposits, or that any money left will be minimal.

I am not a financial expert (though I did pass Accounts at A Level!), so this is a gut feeling if you like, and I would love to be proven wrong!!!  Believe me, if the company is liquidated and we get all our money back, I will be opening a bottle of cava, booking a fantastic holiday and I will be giving my three children the best birthday presents ever!

At the meeting here in Jumilla, Antonio (the Finance Director) was asked "what happens if, after all this, you continue with the development and still go into liquidation?"  He was very frank and said that, although he didn´t expect it to happen, he couldn´t guarantee that it wouldn´t happen.  However he did say that in two or three´s time the housing market would be stronger than now and so purchasers should get more money than if HdT were liquidated this year.

To be honest, I don´t think anybody posting on here can foresee the future.  All we can do is speculate, based on our own perception of the situation.  Anybody who claims that in 5 years´ time SADM will be built and people will have their houses is only hoping that this will happen.  Anybody who claims that the best solution is liquidation NOW is (being charitable) only hoping that if this happens we will all get our money back.  Anybody who claims that liquidation now means that none of us will get a penny back is only guessing that this will be the outcome.

Maybe we should have a sweepstake?

In conclusion, I have written my report independently - trying to choose my words carefully - stating what I see as the likely outcomes.  If HdT lose the vote and go into liquidation, I can only hope that my worst fears aren´t realised.

Sue

Tonymal,

I have not slagged off Sue as you state.,mearly stated that in my opinion this is one blinkered SARC influenced report. If you take the time to read Sue's article you can clearly see the SARC influences, ie:

"SARC on the other hand believes that the only viable solution is for the development to continue, albeit on a smaller scale, and that this is the best option for those without bank guarantees, whether they want their money back or want their house." 

I do not smear anyone who disagress with my views about liquidation, shows how much you think you know me. Two very good friends of mine and people that Sue also knows, have voted for the continuation of Hdt along with other people I have met through this forum. So wind your neck in.

This is a direct quote from Sue's report, and all I can say is that to-date only 6, (YES 6) bank guarantees have been paid out on deposits for Santa Ana, so where does the many posters come from. On this site many of the people who state they are voting NO are people  with out BG's.

"A vociferous minority was demanding that HdT should be liquidated, apparently ignoring the fact that purchasers without bank guarantees, who had been classified as ordinary creditors, were unlikely to get either their houses or their money back if this happened.  Many of the posters in the liquidation camp had been fortunate, both in having a bank guarantee and in having their money returned, although there are other people supporting this view who stand to lose everything."

My biggest problem in this whole sorry mess is the way that San Jose have basically conned everyone, not complied with Spanish law, have mislead your group into believing that they have been hard done to by the banks and the financial crisis, that its everyones fault and not theirs. You seem so blinkered to this bunch of crooks, is it any wonder that people are suspicious of your and SARC's motives. (Not me, I 'd just like to point out, I think that your motives were ok just that you have been fed so much Almudena bullshit that you really believe it all).

Why do you think that the company is so hell bent on continuing, so that they can fulfil the dreams of people who invested in them. Please wake up to reality, they want to continue so that they can continue to live in the manner that they have become acustomed to.They promise to give BG's if people vote YES, well why didn't they give them to everybody in the first place, because they were too busy, oh please dont believe that crap.

CAN I JUST STATE ONCE AND FOR ALL, I WISH THAT EVERYONE WHO WANTS A PROPERTY AT JUMILLA, EL PINET OR ANYWHERE ELSE THAT SAN JOSE HAVE PROMISED GETS THEM. MY OWN WISH IS THAT THE PRESIDENT, FAMILY DIRECTORS AND EVERYONE ELSE ON THE BOARD GET TAKEN TO COURT FOR FRAUD AND ARE SENTENCED TO A LONG TERM OF IMPRISONMENT. I DO NOT WISH THIS COMPANY TO CONTINUE TO DEFRAUD UNSUSPECTING BUYERS ANY MORE.

CAN'T PUT IT ANY PLAINER THAN THAT, NOW CAN I. !!!!!!!!!!! NOW IF THIS UPSETS YOU TONYMAL AND SARC TOUGH SHIT.

Cheers

Dave

From the sound of things you all seem to know each other and its a pity that this has caused tensions amongst you, surely we all want the same thing which is a house or money.  Ive lost a substantial deposit, one that could buy me a nice 2 bed apartment at the moment, so I know how you all feel.  I have only a few days left to vote and I cant decide which way to go but I will not be stupid enough to want the company to go bust just out of spite, remember we are at the back of the queue for our money. My other half attended the meeting in Birmingham and came out feeling a little bit happier.  We are going out to buy a much smaller place hopefully in the next few weeks and apparently our deposit can be used in another of San Jose projects, can anyone enlighten me on this?

Monica

Hi Monica

Yes, many of us have met over the years: originally when all was going well and we were expecting to be neighbours at SADM. Very wise words from you, and I don´t know if you followed the link to the article I wrote, but that has been my main concern.  As ordinary creditors, would there be any money left to repay us if Herrado del Tollo go into liquidation?  Nobody can answer that question, but I for one have worried about this.

IF (and it is a big if!) Herrada del Tollo get the 51% vote in their favour and IF (again a big if!) they can get finance to continue, they have made it clear that they are willing to look at other options, apart from a house at SADM or your money back (albeit 65% of your deposit) and one of these options is to use your deposit in another San Jose project.

Good luck and I hope that you succeed in getting something out of this mess.

Sue

Hi Monica, Martin and I did go the exchange of development route  (along with a few other Forum members) and completed in February 2010.  The relief is immense and we are now enjoying regular wonderful trips every few weeks to our completed property on Playa.  We;ve got to know some wonderful neighbours many of whom have followed the SADM purchasers plight and are so willing to help and support it is heartwarming.  We could see no end to the stress and costs involved in keeping with the Legal route and in the end (believe me after much thought) we took our own Lawyer's advice and took a property.  It was the best thing we did.  Im not saying even this route isnt without its twists and lies from San Jose, they are crooks and thieves, but we have a lovely showhome property, in a lovely avenue (with lights and pool!), immaculate and no faults.. We each have to search for solutions and this particular route suited our circumstances and desperation not to loose a huge amount of money.  We took it and we are glad.  We have not long come back and we know that the Bank now own all 'unsold' properties on Playa.  We are still able to negotiate prices direct with the Administrators, how this works now Im not sure when the Bank own them all.

My whole life became obsessed and consumed with disgust and despair for what those crooks did to us, but its over now and we are happy with the decision.  I tested my resolve in a rather odd way.. I wrote a letter to SJ  saying "thank you so much for pouring 98000Euros of concrete into a hole for me all those years ago... please keep the money as a gift as Ive decided not to put logic before my family and take a set of keys on a lovely resort you also own".  I knew then that I could never post that letter.. and took the property.  Utter utter relief to move on and make the most of our lives again.

We all have to do what we feel is right given all the facts, legal options and opinions.  Its a lottery voting either way with these crooks anyway.. so go with your legal advice and feelings as I doubt anyone of us has the exact same personal circumstances.

Take care good folk.

Sal

Search Results

From a local Spanish newspaper

http://emernernews.info/?s=herrada+del+tollo

Buyers Decide In Murcia

Wednesday 19 May 2010 @ 2:00 pm

The San Jose  financial director has confirmed that it will be the potential customers who will decide the fate of the company.The top brass from the company have been touring the UK to find support from the hundreds of buyers in the Santa Ana del Monte golf resort in Jumila,Murcia.

The company Herrada del Tollo,which comes under the San Jose umbrella and is currently being run by administrators,will be decided by the creditors.If 51% of them decide to go ahead with the purchase of their properties then the company will survive.If they do not agree then the company will go into liquidation and the  people will seek a refund.

Buyers have been given two weeks to make a decision on whether to continue with their purchase or whether to ask for a refund.June 1st is the date set by the mercantile court.The date has been extended because of the problems with flights,caused by the volcanic ash cloud.New meetings in the UK have been scheduled for May 22 and 23 in Birmingham and London.

It will take four or five years for people to regain their cash as assets have to be sold to acquire that money.It seems that even then the company does not have enough money to return all of the cash.

 

Any one else had any letter from Ward & Co Property Solutions. It dropped on the floor this morning, They are saying some quiet disturbing things about HDT any one taken up there offer ?????? 

Is it possible for you to elaborate.

Ken.

We also received similar letter and brochure yesterday from Ward & Co. I wonder where they obtained our details from !! and we wont be taking up the offer from them. !

Regards