OASIS THABERNAX COUNTRY CLUB INFO_

Listen to what Fighter and Brian are saying.

This is a man who lives on a HUMA site !!

What further evidence do you need than this???

WALK AWAY.

And wheres Rowlandsbb ???????????????????? 

Amazingly Rowlandsbb is still trying to sell property for Oasis... unbelievable but its true just look on his site at all the options.

Please don't be tempted to pay Huma or one of his agents a single cent until your property is complete,  you have all the docs and everything looks like the brochure, you have mains electricity and a contract with the area supplier, the same for the water supply... even then scrape the surface take absolutely nothing on trust.

Your dream will never be delivered and I make no apolgies for confronting you with the truth, if you accept this advice you will one day thank me.

There are too many properties available at knock down prices from any of the Spanish banks that you do not have to overpay or take any risk whatsoever and the house you buy from the bank will be complete, fully documented and you will see what you are buying just like in the UK.

The properties are 99,500 Euros for a two bedroom one bathroom apartment on the Ground Floor.

Hello, are they serious?

Thats 86,565 pounds allowing an exchange rate of 0.87 to the Euro. 

Surely its better to drop HUMA and buy something else? 

 Yes, it is astonishing.  The properties are way over priced.  I wonder what it is costing to throw up the handful that are being worked on?    Very little I would think.  These properties, sadly, are likely to be unsellable and most definitely unlettable.  It is just so very sad. I am no longer confident that things would have been finished even without the economic crash.  Again, think very very carefully before going ahead any further, and try to look at it objectively.  Not easy I know, but really and truly - try to look at through the eyes of a none buyer and ask yourself, would you be interested now.

I have made the decision to pull out of OTCC and have recently seen a lovely 3 bed detached in Arboleas. Unfortunately due to Huma illegally holding my 50,000, i can not afford it. However I have a wonderful son who has offered to take on the mortgage to purchase the property. Although he is willing to do that, he does not want his name on the deeds, does anyone know if this is possible in Spain, it certainly is in England

Hi Seashells

I am sure you have made the right decison re OTCC, it will never be finished just like MCC who still do not have a mains electricity supply or completed water supply system.

Re the mortgage and deed situation I think your son would have to be included in the escitura that is put before the Notary as the mortgage forms part of the detail contained within it.

I hope others take heed  and refuse to part with any more money to Huma, if and when he completes MCC I will tell you.

Thanks Fighter

Seashell, there is a way round it, you can buy a property as a company. This has the benefit of not being charged for inherintace tax if you pass it on as the company owns it.Whoever takes it on is just another director of the company. I would have looked at this route if Id known about it before I bought. I think there are threads on this on this forum , but do a search on the web. Might be a useful move.

Thanks philevans, I realise now that is is better to have both my sons name on the deeds for the very reason of inheritance tax. with the value of the property then split 4 ways and the new Andelucian region bench mark figure on inheritance tax, the tax bill will be minimal. I wonder if Huma could be subject to some sort of profit tax, because the 50,000 they got from me is all profit to them, and I am only one of 100's. Are we sure there is'nt a loop hole in the law that would allow us to take them to court for theft, i cannot see me getting my money back, so i would crack open a bottle of wine tonight at the thought of Huma directors behind bars for 10 years. How many lifes have they ruined

Surely there are several reasons why this company should be summond by the courts of law for breaking the law.

Until we all see the day that they reimburse all clients they took money from, then as a company,  they have acted dishonourably and against all ethics of business trading and COULD this could be classed as theft ?  .........(Lawers please comment)

Lets just take a few examples:

No Bank quarantees issued.

No legitimate planning licenses

Non completion of contracts

Refusing return / refund of deposits

Not refunding stage payments

etc ........................

So how do they get away with it or is the net closing in..........................

Philmel,

I think you are missing the main point that this company/individual has not complied with the courts and as such that company should be wound up!,and the directors/owners brought to justice and face a long term in jail with all personal assets siezed!

Why has this insolvent group of company,s been allowed to carry on trading for so long?

Why has no one issued a winding up order?

All this in addition to the other valid points raised!

I am forever a dreamer, I keep on thinking, if they carry on building and selling, then perhaps eventually they will have enough money to give back what they owe to us all. There again if fighter is correct with the figures, then there is no chance in hell we will get anything back. If this be the case then i like the idea of prison for the ring leaders in this scam, and all there assets siezed, so they will have nothing to come out to, and their family suffer like we are all suffering. I have worked for over 40 years, never broke the law, and always tried to help people when needed. Now I know that if I ever came across the members of Huma, I would take my own revenge out on them personally. I hate saying that but this is how it is getting to me, our lives have been ruined, how can anyone afford to lose 50,000 euros

Just want to say Rowlands bb is alive and well and posting on his usual forum....Giving advice

The question on everyones lips....Why Not On Here

Come on Brian...Your investment is here ?

I like many other ACC clients have kept away from OTCC - in the hope that there may be another solution.

I think it is clear now that for almost of all of us ex ACC clients with no BG's - it looks almost impossible for us to recover anything via the courts. The court system is totally clogged up again. Even some with BG's are still struggling with Banks - having to go to court.

I also did a credit check on Huma Med a year ago via a local solicitor and the massive liabilities and debts they have were nearly 75m - similar to the figures quoted on the previous post on this thread - so I can confirm the dire situation.

I did try in one last desperate bid to purchase one of the remaining unsold empty properties on MCC last year - but the Huma mortgage and extra charges on the property - far outreached the sales price.  Huma did not come back to my solicitor with a plan to settle the charges to enable me to complete - so the sale just collaspsed and left me with more abortive legal costs. Huma pretended they did not know about the charges & never informed me or my solicitor there were charges on the plot - so allowed me to incur costs and progress with no chance of purchase.

With this in mind - it seems the only way out for ex ACC with no BG people & owed substabtial amounts looks to be OTCC or the rumour of a partial restart at ACC. I am looking into OTCC possibilities, but the same problems accrue to potential ACC restart to finish any uncompleted bulidngs.

It seems to me that Huma mortgage a property immediately when possible to raise cash. Then the plot/properrty is fair game to have a court charge against it for any creditor  (and it seems Huma owe a lot of people). Therefore OTCC purchasers have 3 worries on the actual completion of the purchase.

(I am pretty sure the Banks are owed vast amounts and also could have a floating charge over the future assets of Indalo - which may not be identified by plots/properties - so the future financial arrangements may be very complex. With the Banks owed so much - there has to be a legal understanding over OTCC & Indalo - otherwise Med would be in liquidation. There has to be some incentive for banks not to close the Huma group.)

1.  If the balance that you pay is not higher than the mortgage - where will Huma get the money (in their Group of companies) to pay off the balance and allow you to complete? Money disappeared from Huma Med - I am sure mortgage money will disappear from Huma Indalo to prop up or repay debts in their 10-15 companies in their group of which Med is the biggest disaster. The Banks must be expecting Huma to repay that Med debt.

2. If there are any further charges on the property at the time of sale - the mortgage + charges may be higher than the sale price.

3. Will Huma repay any third party charges - irrespective of the amount. You must avoid completing and be in this situation at all costs!

I think it is essential that any purchasers on Phase 1 expecting to take over their property this year - get their solicitor to ensure what mortgages/charges are currently against their plot (if they can be identifed) and even on Indalo future assets and monitor closely any charges against the property when part built or completed. It probably would be prudent if someone on Phase 1 did a financial/credit search on Indalo to see if there are any horror stories there - but often published accounts can be for 2 years ago - so may not show anything up. Rowlands did say to me that he thought that deposits from Med should have been transferred to Indalo when clients moved over from ACC to OTCC. If that is so - there should be a heavy cash balance in Indalo - (I can't see it!)

Whatever happens - you cannot sensibly complete unless all third party charges are removed from the property. I have heard first hand that there were cases in MCC (still outstanding today) - where the property was completed and the charges were not settled by Huma and made the property unsaleable. God knows what the lawyers were doing to allow this to happen. Presumably there were promises from Huma to settle the charges and this probably did not happen and they have made no attempt to rectify this since.

It is obvious that reserving a property and having  a contract is no guarantee that you will be able to complete your purchase and move in with full legal possession and no encumberances.

However, I am looking into OTCC with Carmen - but it is hard going to get any answers to the many questions I have.

Even if I can be assured of the financials - I still have the worry of HC, water/electricity supply, maintenance & post contract charges, facilities and resale value.

If I go ahead I will try to do a search on Indalo - but I do not want to waste any more money on this currently until I decide to proceed - but maybe someone else might be encouraged to do so through their solicitor.

I have a horrible feeling that you will not find out the problems until the point of completion and you need your lawyer to be very vigilant on your behalf (that in itself is a worry). Most respectable lawyers I am told will not complete without a HC. A neighbour of mine used Davies for a purchase in Vera before us and he made them wait 18 months to get the HC first. before completing & that Builder was not in any type of financial trouble.

John

Just want to say Rowlands bb is alive and well and posting on his usual forum....Giving advice

The question on everyones lips....Why Not On Here

Come on Brian...Your investment is here ?

What is his usual forum?

i would advise anybody owed monies from huma regards acc hang in there until things start happening at acc which i am convinced they will in the not to distant future, it"s a prime site and i think will sell very quickly,

Oh jethro if only, i would love to think that in time, with the sun shining and the wind blowing in the right direction, and Huma selling all their properties on OTCC. If all this happened and the rest of us got our money back, then it really would be a perfect world. Now down to reality, i refer you back to my message on April 1st, and I really wish it had been a joke, but no such luck. If Huma did sell all their properties, it would still leave them with debts of 80 million. Do you still think we will get our money back.

Hi diverdan

I did not know if I could promote another forum on here so this  might get taken off, however

www.propertycommunity.com

Spain forum obviously

Considering the dept Huma are in do most of us on the OASIS site still believe,or have arranged to spend good money on lawyers to try and retrieve there money ,if so do we believe its the right way to go in the long run?, or should we hold tight and hope the site will be built,and believe we will at least get something for our money,and more important we need to get together to assure we do not end up with another  Mazarron,or worse Cueves,and the development is completed to everyones expectations,by checking out every aspect prior to moving in,we live in hope,can anyone of us afford to lose so much money!!!

Ran

Thanks

dd