Promilorci in going into adminstration

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19 Mar 2014 2:52 PM by MoDean Star rating. 7 forum posts Send private message

Hi there, how many others of you out there who have not completed have been contacted my solicitors acting for Promilorci informing that they are going into administration ?

It's not surprising really, if only they did what they said they would do from the outset and didn't keep moving the goal posts then it would be a different matter altogether and maybe more prospective purchasers would have completed then they wouldn't be in this state.They only have themselves to blame.

Wondered how long it would take and was very surprised it was this quick, just goes to show that thary had overstretched themselves in the first place.




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14 Apr 2014 9:06 PM by Claire123 Star rating. 1 forum posts Send private message

We have purchased in Phase M4 but have not completed. We were at Frondoso last week and there are a lot of properties vacant.

The Solictor has advised they could refuse to pay out on the bank guarantee, although we were assured whenever we purchased our money (excluding deposit) would be safe.

How are you or anyone else getting on in this procedure?


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07 May 2014 2:42 PM by ads Star rating. 4134 forum posts Send private message

Don't know if this is relevant but have you seen this......

http://www.eyeonspain.com/blogs/costaluz/12864/Legal-tip-1144-Bankia-settles-in-Court-for-Bank%C2%B4s-liability-of-Law-5768.aspx




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