CdA

Would I be right to think that some of the financial woes of CdA are because:

1. quite a number of properties are leased from the Banks and their residents haven't all paid their CC and probably plan to move on once this lease arrangement is finished

2 People bought properties hoping for a quick sale and quick profit- which wont happen for a while yet and wont pay their CC until they sell

3 Some owners stubbornly refuse to pay until taken through the courts

4 Some owners can't pay as have fallen on hard times-so will wait to sell before paying their CC

I would suggest residents/owners in arrears are barred from the resort but can see this is difficult if this is their home. Have other developments come up with solutions.

When I read the figures I believe they are saying any debt owing is included in the resorts'profit' because 'one day it'll be recovered' but in reality the money doesnt exist.

On another point does anyone think ML will ever 'encourage' owners to follow community rules about what can be done to their property.

Otherwise I think CdA is doing great!!!

 Quiteman

Point 1. If a property is leased it is still the owner who pays the CC, so person renting does not pay, therefor Banks should pay.

Point 2,3,4 you are most likely correct.

The suggestion of people who owe being barred from they propety can not happen this was requested some time ago but only a court can give that order? and it takes years to get to that? 

The way i read / understand the finance reports the debt is classed as an asset? maybe it is as it is money owed that one day may be recovered? but its not in the bank therefor can not be spent. 

Nobody encourages owners to follow the rules

However CDA is still a great place to live

On MMGR we can not ban debtors from accessing the resort as all the roads are public. We are also using Spanish debt collecting companies to chase owners that live in Spain. They take a percentage of what is owed to the community.