Now the're really taking the 'P'

Dont know if anyone else has had an email from their lawyer.

I got one Friday stating Huma were offering apartments at two other locations. for 62 and 74k. In return you have to renounce all claims against Huma or the banks.

I emailed my lawyer back questioning that Ive already paid 69k so are they giving it away. O No they want another 62 or 74k when the banks are only selling these apartments for 68 and 99k. Der....Let me see, Ive paid 69k another 62k = 131k for a probably overpriced apartment which the banks are selling for 68k.

Huma..You're having a laugh

I've just had a telephone call from Huma offering the same deal. I wasn't sure if they were taking my 71,000 Euros I have already paid as a deposit. As I was driving couldn't really hear him properly so told him to put it all in an email to me

I assume they are asking for another 74K, or 62K on top

Hi gazza

All they seem to be doing is getting you to part with more money for an apartment thats not worth what we've paid as deposit

this is the first email I received

We have been contacted by Huma Mediterraneo and Huma Indalo, asking us to inform you about a proposal they have for all those former off-plan property purchasers who would be willing to withdraw their lawsuits and renounce to their claims.

Their offer consists in selling you a piece of property in either 2 completed new developments located in the region of Murcia specifically in Almoradí and Algorfa at a flat price of €62,000 and €74,000 respectively.Please see attachments with Pictures, location and Price list.

The above properties were taken over by Caja Murcia, the former and Caixa Galicia, the latter. Their original price was, also respectively, €117,000 and €138,000 and are currently sold by the banks at €68,000 and €99,900.

To get the above prices (€62,000 and €74,000) on the offered properties, the developers and Banks ask your withdrawing of the lawsuit against the developers and/or renoucing of the claim for the full refund of the amounts already paid by you to the developers, the interests you are entitled to receive and any legal fees.

It is though our opinion that you still have a sound case against the developers and the banks that should have ensured there was a bank guarantee in place to safeguard your deposits. These actions however imply some risks especially related to the time required to recover your money from either the developers due to the current economic situation and its impact on the real estate market and the developers financial situation, or the banks given that this latter action still is in its first stages.

Unfortunatelly it is hard to advise what you should do, as it has to be a decision you should make. Please bear in mind that your are not complelled to accpet this offer. On one hand if the property and price interest you, and it helps you to cut your losses then it would be advisable to accept it, otherwise, we are very confident that we will be able to win your case and recover your money but it may still take some time until we attain its full recovery.

After questioning our lawyer this is the reply

Thank you for your email.

Actually their offer implies the payment of the amounts shown in their list and does not recognize other previous payments: i.e. They expect for you to renounce to your rights in recovering the money you have already paid, which will not be either accepted as payments for this new property.

In my personal opinion although they are offering an important discount, you would ending up paying a lot more money for the property is self than what actually they are offering as you would be loosing all your previous payments.

Thank you Phil

I don't think I will be taking up their 'generous' offer. I have paid 71,000 Euros deposit with no bank guarantee so I would end up paying for 145,000 Euros for an apartment that doesn't look that impressive

Good luck with getting your money back

Gazza

Would anyone in all honesty trust this developer ?

In the majority of cases they have acted very dishonourably and unethical towards all customers and remember that's what we were 'customers'. (customers never to reuturn).

They are also a developer that has promoted very very bad press for Spains property sector in the Almazora Valley and caused insurmountable damage.

This developer , according to the Spanish media, is awaiting criminal proceedings !

Do not part with a single penny more and keep fighting and fighting for the return of what is rightfully and legally your money.

Good Luck and I pray for you all to see a sucessful outcome to all of this.

I take it that OTCC has gone the same way as ACC and building has stopped.  As RowlandsB assured everyone that he took the pragmatic view that because there was a bank guarantee in place  his money was safe.  I just wondered what the situation is now with everyone who made the change - Has anyone been able to cash in their bank guarantee which if I remember correctly was with an insurance company?

There again I may be wrong and just perhaps these properties will soon be finished - the facilities complete and a habitation certificate awaiting and RowlandsB receiving deposits for the rental of his frontline apartment.

I agree with Phil and just hope that no-one parts with any more money to Huma for whatever scam they think of next.

Rowlands has told us all that his property will be finished & available in December this year.

As it is now the 2nd December perhaps he can give an update (with photos?) to re-assure everyone.

After all, he ought to know what's going on as he is such a professional at selling Spanish property.

Jose Garcia from Huma's "Customer Care Department", (now there's a joke) told  me that OTCC wouldn't be completed due to finance problems when he called me with his amazing offer to buy one of the appartments previously mentioned.

 Oh - and  I was so looking forward to renting of Rowlands next year.

 OTCC not to be finished??????   Oh My God!!!!!  What an amazing turn of events!!!!!   Tiles chosen, properties up for rent, banks (Santander I think) offering mortgages - How can this have happened??????   

No wonder Rowlandsbb has disappeared.   He has not given one shred of reliable advice or insight, since I joined this forum four years ago.  

On the serious side though, I am so sorry for everyone still caught up in this fiasco, and I hope you have some kind of resolution in the end.   

I cant believe it, OTCC  not going to be finished?

You mean HUMA who did not complete ACC  have not finished OTCC?

Sorry, but at the time a number of us said that this would happen and it was better to go straight to Court.

Having just looked at rowlands web site I see that while he is still marketing OTCC properties for sale but his property at OTCC (pause for laughter) is no longer on the rental section.

What does he know I wonder.

 I expect he has taken so many bookings that there is no availabitiy now.

Why has Rowlands gone so quiet?

It was a done deal not long ago and he posted  as if people were silly questioning the development.

I note your not preaching so much on the other forum now?

What sort of person is Carmen, posting all that crap previously ?

How stupid does Huma think people are?

ROWLANDS be a MAN and tell everyone on here what the situation is.

You yourself have lost money, people want answers....

we all fell for humas contricks either by beliving MCC would get the promised golf course and shops ect  or ACC was legal  or that OCC was not just a satalling tactic to stop court actions..........buyers are all fighting for refunds and stoping other honest people from getting conned by Huma, its the right thing to do...........rowlands on the other hand gave his "EXPERT" advise that Huma are trustworthy and therfore sent more people down our road of misery, that is just wrong.

 The only thing is those that transferred to OCC are not really any worse of than the rest of us - no one without a BG has got their money back from ACC or OCC recently - so for those that transferred to OCC you didn't really lose anything. 

nigella: Whilst you right in  what you say, it is worth noting that any-one who followed rowlands advice & switched,either stopped (or didn't start) any proceedings against HUMA.

Also reading some of the older posts didn't switchers have to agree not to pursue HUMA?

At the very least, a vast amount of time has been lost, HUMA have no assets now (that can be found), did they have assets however 2-3 years ago?

Did the advice rowlands gave as an 'expert' influence people to do (what is now obvious) the wrong thing?

 Rowlandsbb was giving inappropriate advice before OCC was even thought of.  His outlandish positive postings about the definite starts on ACC in September (2007? - I have lost track) - encouraged many to stay put and do nothing.  Myself and many others warned that his advice was to say the least suspect, but the fact that he put himself forward as such an expert made people have more confidence in him than they would normally have had.

He should be ashamed of himself - but he has always denied he offered any advice.   I found his offer of his home on OCC to rent mildly offensive, given that so many people are still stuck in this awful position. 

 Rob6578

When the chance to move to OCC came up I seriously considered it - in the end I didn't like the location - if I had wanted a place in a desert I would have considered the Sahara!   At that time I had started legal proceedings against HUMA.  Several thousands of euros later I have won my case against HUMA and have embargos on 3 properties which have no equity on them - basically worthless.  No one can tell me how I can get my money back - is it worth suing the banks? What about the criminal proceedings against HUMA?  All speculation - if I had transferred  to OCC I would now be in the position of not having paid out all those legal fees - I would in essence be better off.  You can blame Rowlands for bad advice - particularly for bad taste in offering to let his property out - also you can have a real go at him for running away whenever there is bad news (a true coward) but those who transferred to OCC from ACC have (by bad luck) probably benefited from his advice.

nigella:

yes, I take your point about the legal process & the fees you have paid for nothing.

I also agree totally with you about rowlands, he is indeed a coward.