is this the start of the end?

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13 Dec 2009 12:00 AM by Debs C Star rating. 21 forum posts Send private message

well i suppose it had to happen, the outlook looks bleak enough for the parks and its investors now.

is this the start of the end  -the fincaparks official website has closed down i guess no one is about to finance the webpage .

 




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14 Dec 2009 12:54 AM by Keith110 Star rating in the UK and I am lead.... 681 forum posts Send private message

Hi Debs C

As we know Cleyton GES announced the end of 'Finca Parcs'  as their project on 21 September 2009 when the Refunds Process was launched.

The Finca Parcs website has not been updated since February 2009.  In fact for the past 4 or 5 years it had promised things such as legally required CAM Bank Guarantees for every purchaser, which as we know, despite being a legal requirement, were not issued to at least 100 Finca Parcs purchasers.

In addition since 2006 the Finca Parcs website claimed that Cleyton GES had a land portfolio of 2400 dwellings.  We tried for around 18 months to visit some of these 2400 dwellings to talk to some Cleyton GES clients and see for ourselves the quality of construction that Cleyton GES had in its 'portfolio'.  THE TRUTH IS WE FOUND NONE - and more importantly Cleyton GES could not tell us where any of the 2400 dwellings were.

Instead with no help from Cleyton GES we tracked down some houses and small urbanisations built by Finca Expert SL.  To say we were 'shocked' with what we saw is an understatement.  A number of postings were written over the past few years on this forum regarding the history of Cleyton GES SL and Finca Expert SL.  Many postings were unfairly removed by Eye On Spain shortly after posting, probably at the request of Cleyton GES, who were very keen to cover up their previous 'work' under the name Finca Expert.

However many staff and management names were common in both Finca Expert SL and Cleyton GES SL.
In 2004/5, Finca Expert SL published sales flyers advertising 'their new project' at 'Las Higuericas, Finca Parcs'.
Many 'Finca Expert' purchasers from the never built Finca Expert 'San Isidro' development were transferred onto Finca Parcs.

So although the staff and management of Cleyton GES have always attempted to deny links between Finca Expert and Cleyton GES, the truth is they were/are very much linked.  However, for reasons which are now obvious Cleyton GES did not want potential Finca Parcs purchasers to see their previous 'work' or to talk to owners on their Finca Expert developments.

As for the Cleyton GES land portfolio of 2400 dwellings, it seems they will be consigned to history as an 'imaginary dream', because unless someone can take me to see them, they are certainly not reality.

I would not read too much into the fact that last week the Finca Parcs website was removed.

The biggest issue now is that in the official statement issued on 21 September 2009 Cleyton GES stated:


"For those clients that are still awaiting the issue of their respective Bank Guarantee a bank instrument will be issued with a maturity date twelve months from the date of issue, this will include the sum of 6% interest from the date of reservation until the date of maturity."

And on 24 September 2009 Cleyton GES stated:

"PROVISION WILL BE MADE FOR  ALL CLIENTS  WITHOUT BANK GUARANTEES  TO RECEIVE A  FULL REFUND."

So here we are on 13 December 2009 and not only do we not have a refund, but despite complying almost immediately with the Cleyton GES requirement of forwarding copies of Sales Agreements and Bank Transfer documents to Finca Parcs Refunds, we still do not have any tangible evidence to suggest that the Refunds Process is genuine.

This is a shocking situation and it seems that despite some purchasers suffering almost 6 years of broken promises, false hopes and incorrect statements, Finca Expert / Finca Parcs / Cleyton GES seem to be reluctant to rectify the illegal situation that has occured as a direct result of their failure to comply with LEY 57/68.
 
Kind regards

Keith
FINCA PARCS ACTION GROUP

fpag@btinternet.com


 



_______________________

LEY 57/1968
CLICK HERE FOR THE BANK GUARANTEES IN SPAIN WEBSITE

       
      

fpag@btinternet.com



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29 Dec 2009 11:07 PM by Debs C Star rating. 21 forum posts Send private message

so as we depart 2009 without any further commitment from finca parcs and all who work for her, are we left with court action for 2010?

Can anybody convince me we are getting our money back or there is moves afoot to get our money back?

D.C




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29 Dec 2009 11:27 PM by Keith110 Star rating in the UK and I am lead.... 681 forum posts Send private message

Hi D C

Despite the Finca Parcs Refunds Process being put in place on 21 September 2009, we still have no tangible evidence to suggest that it is a genuine process that will lead to the promised refund.

Therefore, I am sorry to say that it seems litigation is now the only form of action available to us.

As we know individual legal action is very expensive and maybe prohibitive in many cases.  However, as part of the Finca Parcs Action Group you would benefit from much reduced legal costs as the fee rate is calculated on our group claim, which currently stands at just under 1.5 million Euros.

Our group currently consists of 42 purchasers with a total of 51 plots and must be by far the largest group of Finca Parcs purchasers without the legally required Bank Guarantees.

Therefore, I would urge any Finca Parcs purchaser who is not in receipt of the legally required Bank Guarantee to join our Finca Parcs Action Group as a matter of urgency.

Please send me an email or PM for more information.

Kind regards

Keith
FINCA PARCS ACTION GROUP

email: 
fpag@btinternet.com

tel:  07956 375749
(00 44 7956 375749)



_______________________

LEY 57/1968
CLICK HERE FOR THE BANK GUARANTEES IN SPAIN WEBSITE

       
      

fpag@btinternet.com



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Previous Threads

CAM BANK LIABILITY UNDER LEY 57/68 - 2 posts
FINCA PARCS ACTION GROUP - NO BANK GUARANTEES - 1 posts
Lack of Confidence in the Latest information - 4 posts
CAM BANK REFUSING TO PAY INTEREST ON BANK GUARANTEES - 14 posts
REFUNDS LAS HIGUERICAS FINCA PARCS - 51 posts
full refund + interest - 5 posts
GILLS DAUGHTER DOES A RUNNER - JUST LIKE ANTONIO - 5 posts
Phase 2 deposit refunded - 8 posts
Phase 1 Success - I've got all of my money back!! - 3 posts
CAM BANK ARE STEALING YOUR MONEY - 0 posts
DAVID HAMMERSTEIN - MEP - 26 posts
PRIVATE MESSAGE ME TO JOIN CLASS ACTION AGAINST ANTONIO AND CLAYTON GES - 8 posts
DAVID MILLIBAND - FOREIGN SECRETARY - 10 posts
Return of deposits for latter phases - 17 posts
How do you get your car through the gates to your property??? - 3 posts
Hotel Cenajo Closure - 1 posts
Completion dates - 9 posts
Denise - 1 posts
Update on site (visited last week) - 40 posts
ANYONE HAD THEIR COH YET? - 0 posts
David Bailey - 0 posts
update on Finca parc - 63 posts
The Finca Parc guarantee. - 0 posts
Getting deposits back - 2 posts
And its goodbye from all of us as well - 4 posts

4 posts were found:


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