SAVE YOUR MONEY

Hi All,

Regarding the exchange taking place concerning the transferability of contracts .If  the agreement is accepted by more than 50% of the value of the creditors debt then the option to sell ones contract is one of the options that will be avialable. If rather than whaffling on an internet forum one goes to a HdT meeting one can ask about this option at the meeting. This option was asked for by SARC and was discussed with a Spanish solicitor to ensure feasabilty before being proposed to HdT.

So stop throwing negative remarks based on ignorance and go to a meeting and ask HdT face to face to explain themselves.  Some are very brave throwing remarks around on the internet, well show some back bone and go to a meeting & do it in front of your fellow purchasers. I have been to the meetings , identified myself to purchasers  and had conversations with them.

So stop talking and start acting. Save your money , save SADM.

Wishing you all the best

Tony R17 18

So just to summarise.

I've been called an ostrich,silly,paranoid,negative ,ignorant and a coward and my opinions are daft.

MM was banned for less.

Ken.

lets just hope almun and her kronies get real stuck in this ash cloud. ha ha ha!  I would rather eat dog shit than vote YES. They are criminals. Real criminals.

On a serious note, would anyone wish to sell their contract on to another purchaser who is on a later phase, or onto some new purchaser who is unaware of HdT`s track record? Totally immoral to put someone else in our position.

I have emailed HdT questions, we will see if they reply tomorrow. Nice to have had a meeting in Scotland, we are above Hadrians Wall ! Cheers Joanniemac

Hi All,

I  am sorry to say that I find the mentality of some one who would post such a childish comment as hew1 is very purturbing.

It is unfortunate there are no meetings in Scotland but this is probably due to the number & spread of purchasers. I realise that it could be inconvenient but Newcastle is the nearest meeting to Scotland.

As for selling on contracts:  If HdT come out of  administration & then commence trading under the supervision of the courts, then they follow the buisness plan and commence with SADM. Those on sections of SADM that are not in phase 1 do not have to purchase any ones contract, they negotiate a move to a similar plot etc. Those who wish to retain their contract & sell it on can do so. The postion of the purchasers would be different.

Further more, with the new motor way access to SADM will be vastly improved &  it still remains an attractive location.

I strongly suggest that rather than continuing with slaging off HdT, thought is given to saving your money. I am amazed that some seem to think that by declining to have a repayment plan and insisiting to have the company that owes them money wound up helps them & punishes the company! HdT can not be harmed, it is not a person & those who work for it will not be adversley effected by its demise. The only people adversley effected would be those who are owed money. 

I suggest and urge that people attend the meetings and question hdT directly, rather than go around in circles on a forum.

Save your Money, Save your House, Save SADM

All the best

Tony R17 18

Dear Tony,

Thanks for your reply, I never said I wanted to throw my money away, I just believe if HDT want my confidence in them to continue with a YES vote they could give me a BG on the day of signing fair trade I would say.

If you have any influence at all with them or the administration then this surely you could arange this.

Hi All,

I went to the last meeting in london and gave my support to HdT by signing the agreement. I understand that at the present time the percentage is slightly lower thatn needed to go forward.

2 of my friends were away at the time of the meetings and wern't aware that they were in fact taking place because they had not heard from Hdt or their legal reps. I want to know why it has been so difficult for some people to get information. I know being a member of SARC is a good source of information and I do forward any relevant information to them via e-mail but I fail to understand why people don't act on this information regardless of whatever decision they want to make, or why they don't become members or put themselves out to source info.

I get quite a few calls from people asking for information and I can only tell them what i have read on SARC ot Hdt website,however, these people don't seem to want to make any decisions themselves  but don't stop moaning about the situation.

We need to get as many purchasers as possible to sign up to boost our chances of a satisfactory outcome. but if these 10% or so don't make a desicion and do it quickly, I think we will all regret the outcome.

Makes no difference if you go to the meeting or not.

A lie is still a lie if it comes from the mouth or written statement.

You cannot save your money by completing.

Paying 100% of the asking price in todays housing market with a bad exchange rate means you will lose even more money than you have already lost, because you will be unable to sell, no one will want to live in a ghost town.

Tell me who would want to open a bar or a shop on this development ?

How many people will want to come & play golf on a 9 hole golf course ?

Any business people out there who can answer this ?

Take your chances by putting them into liquidation, we may be surprised at how much we get back, all their statements keep saying it is unlikely you will get your money back, the short answer is no one knows how much the assets will raise.

I restate what I have said before, if San Jose had NO assets they would already be in liquidation & would not care for one minute about us.

dear Wakemans,

I totally disagree with you. I know the area very well and I assure you SADM will not be ghost town, the locals are looking forward to the development being built,having said that I do agree with you about the 9 hole golf course, may as well be a crazy golf course for what it's going to be worth.

I have 25 friends who also agree that putting Hdt into liquidation is not the answer 

Do all 25 want their house ?

If not San Jose`s figures will not add up.

Regards & good luck to you all

Yes they do and we did not buy from San Jose, which is a different company we are with HdT

could not agree more with wakeman, sorry guys i would not give san jose a penny more of my money, for them to be wound up further down the line. the report that we have all seen shows they have far more assests than debt. i understand the current market but even so they should still be enough to pay the debt.

Whose back pocket is Tony Mal in?

Don´t forget that there are many Spanish buyers too, who want their houses.  Like Sterling, we know the area very well as we are actually living in Jumilla. 

Wakemans, why do you think there won´t be a bar or a shop there?  Do you know Fuente del Pino on the road to Yecla?  There can´t be much more than 100 houses there, however they have a very good bar/restaurant, plus there is a garage with a shop attached just up the road.  Even more significantly most of the residents only live there at weekends, which is likely to be the case with many Spanish buyers at SADM, but the sense of community at Fuente del Pino is very strong and the bar is always busy! 

We have three supermarkets in walking distance of our apartment, but there is still a corner shop that is doing very well.  In Spain every neighbourhood has its own bars, shops etc and I don´t see why SADM should be any different.  In spite of the "crisis" here in Spain, new bars are still being opened (and the few that do close often re-open months later).

hew1, didn´t you read Sterling´s post?  Herrada del Tollo is the name of the company building at SADM.

mattjo, your comment about Tony is totally uncalled for.  There is always the possibility that he is being misled (I have never spoken to Almudena so I am not in a position to judge her), but Tony himself (whom I have met and spoken to) is a totally honest person, doing what he thinks best in this difficult position.  Whether or not you agree with him, he does not deserve your abuse.

Sue

The whole sorry saga beggars belief !!!!! !!!!!!!

 I find it impossible to understand why anyone in their right mind would place any trust in anything HdT/SJ have to say anymore whether via SARC , Tonymal or the costa blanca  news . They are completely desperate for purchaser's support yet can offer no  guarantee that their future plans will work out  . So what is it exactly that people are voting for a wing and a prayer it would seem and more of the same .  I am flabbergasted at the sheer cheek of these cowboys .

san jose or Hdt all the same crooks !!! promises promises. Like i said i would rather eat SHIT than vote yes or give them any more money. LIQUIDATE them the sooner the better and get them locked up the robbing t**ts.

And no Tony I am not hiding behind a forum i am looking forward to meeting with them at the foth coming meeting and i will tell them exactley the same.

I did email Almudena last week to ask the time of the meeting in Newcastle but guess what she has failed to reply.

Julie Anne

I have copied the question below from another thread, with reference to the article on Simply Networking:

"JA you dropped hints in the past, but whenever somebody has asked you for more details on how they can achieve success, there has never been a specific  answer on the forum that I am aware of.  If I missed it, perhaps you could post it on here now?  Believe me I would be happy to update the article if you could give me a blueprint for success that anybody who wants their money back could follow.  Maybe I am being "simplistic" in what I have written, but what would you advice those of us with limited funds to do?"

It is all very well saying that people are fools to trust HdT/SJ, but you are referring to people without bank guarantees and without much money, who are desperately hoping to get something out of this nightmare, whether a house or money.  If you genuinely want to help people on this forum, then please explain what actions they can take, rather than slagging off HdT/SJ, SARC etc.

Those of you who believe that Tony, Brian and others are misguided (or being bamboozled) - why don´t you set up your own group, pass on helpful information and lobby for what you believe is right?  Maybe people would then listen to you, and at least they would have a choice!

Sue

Sue   , I am more than a little annoyed at you for pushing me on this . However !

I do not recall anywhere in your book  "retiring the ole way "  that you share any real emotional family issues and it is only right that no one would ever push you to do so .You seem to think that it is ok to push me for such detail . I don't !!!!!!!

My success in getting my money back for my property on El Pinet was entirely dependant on the fact that I had a BG issued under extreme duress  and with much dispute by SJ and their  bankers. At the time of purchase I was assured on numerous occasions by Almu that there was no need for such an insignificant thing as a BG and that it was a  mere formality  "Ha Ha " I refused to move on this issue but arranged for my deposit to be held between accounts ,so as not to breach my end of the bargain .The money was held in limbo between the two banks until the BG was issued . This Sue is what you should advice in your book !!!!!!! It  works !!!!!!!

My other situation is far more complicated and involves the purchase of two properties on SADM by my recently late father (love and respect  you forever Dad xxxx  )  Which was a far more complicated situation ,however it is a situation I have shared with many by pm and with  many more by e mail and I hope it has helped .

I understand Sue that you have no money left to spend but you found money to buy another property my first priority would have  been to protect my investment and to fight for the return of my money above all else .So if your priorities were different don't blame anyone else for your choice . My chioce would have been justice first . 

In answer to your  very smart rhetorical "not " question .The whole legal fight cost me nothing . I have my money back for El Pinet with a BG  and my money back for the 2 properties on SADM . I paid out £3000 up front and got it all back via legal costs and interest at 6 % for each property  . Incidentally Sue my Dads case will not show as a test case as it was brought by the Crown .However the principles of law they used could be applied by all .

 My advice don't be cowards stand up to the crooks let them know you are not fools and will legally challenge their every move . Good Luck

PS  Sue I think it is  time you updated your book as right now it serves as no more than an enjoyable account of  the English nationals naivety , gullibility and stupidity when trying to buy in Spain   . Time for a second edition I think  .

Good Luck to all JA

This message was last edited by julie anne on 12/05/2010.

Julie Anne

With respect, all I asked you to do was what you have said that you would be happy to do - help other people.  If you felt that I was pushing you, sorry, but you did send me a PM a long while back saying there were options, but never got back to me.  I may not have the money to fight now, but other people might have some and they may have wanted to know more about their options. 

You have made some cruel remarks in the past, but how dare you bring up "real emotional family issues".  I wrote something about the pain of watching my mother dying from cancer and the enormous shock of my younger brother dying at the age of 49, and I wrote it with tears streaming down my face.  It wasn´t easy to write, and why should I have said more than I did? Three years later and tears are still streaming down my face - I don´t find it easy to share emotional issues and only mentioned this in my book because I felt I could not miss it out, but believe me it was very painful. 

Our priority was to have a home to live in and our choice was to live in Spain.  We could have stayed in London to fight, but we wanted to salvage something, so that may not be what you would have done, but when you have lost family members at a cruelly young age you realise that you have to make the most of any opportunities. It´s not a question of blame, though I do think that if we had all been given good legal advice up front we would be in a stronger position.  Let us agree to differ on this one. 

It´s not up to me to update my book as that costs money, but if my publisher is happy to make changes, then obviously this will be done at the appropriate time. I do in fact make it quite clear that a bank guarantee is essential to protect your deposit, and only wish that I had read about bank guarantees in all my research prior to buying in Spain.

To anybody else who reads this, I hope that Julie Anne´s words have helped you understand a bit more about what your options are, which is all that I was trying to achieve.  If it gives one more person the courage to fight, then it was worth the pain her words have just caused me.

Sue

 Sue, I've also asked JA to pm me with more details about her success with sj, likewise I have not received a reply. After discussing the matter with my solicitor I am of the opinion that her claims are a wind up! Nevertheless my legal representative would be delighted to make contact with "a person" who has received a refund by suing the bank.

This message was last edited by mattjo on 12/05/2010.