Confirmed: Buyers deposits for Herrada del Tollo, San Jose covered by generic guarantee policy

Thank you Quadalupe.

Hi All

Just to confirm I have now signed up and passed all my details to Guadalupe to act on my behalf. Just reading the explaination of  the banks position fills me full of genuine hope. I would be interested on the thoughts of SARC on this matter.

Regards

Hi

We are also thinking of signing up. Just waiting on a reply from Gualalupe.  Not sure if we should go over to Spain to see her or just deal with this via email and telephone. Could others who have already signed up contact me to let me know what they did please.

Thanks

Diane and Keith

Hi all,

It seems things are now moving and people are so fed up they are prepared to take another financal risk to recover their deposits.

It does not have to cost thousands for a legal claim.  I am prepared to go 50/50 with a couple i have met on this site some years ago.  We want our money back so this is the plan.  We will go half on the legal cost and split any money refunded then pursue the other persons claim for their deposit.

once one claim has been won the floodgates should be opened.  Sadam will never be built and Spain is going the way of Greece and Ireland. 

I would like three other people to join our group so we minimise the costs, but would have a chance of some or all of our money back.

If interested send me a pm, I only want 3 people so we will be a group of five.  Who ever is elected will be given the funds to make their claim.  I have time on my hands so I could do it or I will send my cheque to the person elected to chase their claim.

5 people we get on fifth of the deposit recovered by the first claiment, and we then make a claim for all the others.

I will only accept the first 3 people to contact me.

Recardo

 Hi All

After speaking to Guadelupe I was assurred that 700 euro would be the full cost ( 600e gm, 100e P.o.a).

I could only see  problems with the group proposal.

Guadelupe could you confirm please

Regards

Hi Gualalupe,

I am still awaiting a reply from the private message I sent you. Not sure if you have recieved it or not, as your previous responses have been very prompt..

Thank you

Diane and keith

Hi Guadalupe,

I have just sent you a message but it has come back saying that i have sent it to address which is not monitored.? Not sure what this means

Thanks

Diane

 Hi everyone,

Just to let you know that the deadline to join this class action against the Banks terminates next Friday, 17th. Purchasers who has already decided to join it are anxious to start proceedings, and obviously we can't be waiting forever. This doesn't mean that any purchaser could bring an action later on, but it would be a different claim.

Regards,

Guadalupe Sánchez. Lawyer

GM LEGAL EXPERTS

New ruling from a Spanish Magistrates' Court sentencing Banks to provide to the purchaser an Individual Bank Guarantee under the provisions of a Generic Guarantee. Details of the sentence as follow:

Court: Audiencia Provincial de Burgos

Recurso 75/2011

Resolucion 141/2011

Date: 3 May 2011

Hi All,

I have seen the time scale that has been put forward to get a result and it is several years,that does not include appeals and cost resolved at the end of the legal process.  There has been a recent case  against Polaris world http://www.simplynetworking.es/news-6878-31-long_standing_polaris_world_case_back_in_court.html

and although it is not totally the same it iss worth being aware that results can be problamatic.

For those of you who have decided to spend some more money ,I hope that it works out OK for you and that you do not come to regret it.

Wishing you all the best

Tony

 Hi All,

the time estimate for a Court process depends on the appropiate Court to deal with the case. In the example given by ToniMal, appropiate cout was San Javier, which is one of the most delayed and more colapsed Courts I have ever dealt with. But luckily San Javier court is not the appropiate court to deal with this case, and additionally, sentences can be "provisionally" executed" even if there is an appeal from Banks (just delay interest and defense cost can't be executed before the appeal's ruling).

Best Regards,

Guadalupe Sánchez

GM LEGAL EXPERTS

Hi All,

The time frame of several years that I have mentioned is from Gaudelupe's email to some of our members.  Please be aware that in the ruling that I have posted the court deducted money from the payments owed to the purchasers. I have won a court action in the UK which I did not instigate and even though I was supposed to get costs, the court only ruled for the other party to pay £2000 and I ended up with a £10000 bill. Not very amusing.

Wishng you all the best

Tony

Briando,

I think that you are being rather crassly rude as I have been consistent and do not lie nor mislead.

My court case was in the UK in the civil court and was a nieghbour dispute, instigated by a nieghbour and I won but lost £10K! You may not like the example of winning a case but loosing money but it happens all the time. I suggest you check up the Polaris world case that I put on the thread.

http://www.simplynetworking.es/news-6878-31-long_standing_polaris_world_case_back_in_court.html

As for time frames I quote below is the projected time frame for this legal action and it does not look like a speedy resolution to purchasers problems

1.- Legal letter to claim full copy of the generic policies and the payment: 10 days.

All the best

Tony

 Dear TonyMal,

if you have a better or quicker way for purchasers to get their deposits back, please share with us. it would be much welcome!

Regards,

Guadalupe

Dear Tony

I'am sure that we all appreciate your grave misgivings regarding people who want to try another way of getting their money back, i think all of us undersatnd that nothing is guaranteed, however having met guadalupe in person we were more than happy to proceed with this action.

If there is any hope of getting our hard earned money back then i beleive it is worth taking the risk, i'am sorry but i beleive that guadalupe has a better understanding of the workings of spanish law than you do, after all she is spanish and a lawyer, we have to put our hopes and trust in someone, and that someone is not going to be hdt.

Kind Regards

mark