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Auntielinda,
Because of CBN we now know that the license for the final build is available from the Town Hall. We did not know that as a fact until then. Also the article says the halt in work is temporary plus it states that refinancing is taking place to continue the project. So as we have had postings saying that all is lost, the CBN article shows that it is not the case and SADM is a legal licenced development.
I want my House and I want you to have your too
Tony R17 18
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Hi again all
Look...i dont want to keep saying the same old stuff but what on earth is that posting about SJ are re-negotiating funding Tony. And we should all be very happy.
Are we making this stuff up as we go along. The firm are in administration, how on earth can they be re-negottiating any funding.
Forget the postcard answers, i now want this kind of information backed up by who said it, who are they, what position do they hold, what is there proof.
Brian
_______________________
Best wishes, Brian
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By the way.....if you are placing your faith in newspapers at least pick one that reports about the correct company. The name being the wrong way round is farcical.
Maybe the paper have given this reporting job to the adolescent office junior to handle. Lets ring him/her up and ask when we can have our money back, maybe they know more than i am giving credit for.
Your havin a laff.
_______________________
Best wishes, Brian
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Hi Brian,
From the article copied below and I think that it is very clear what is said.
"According to Antonio Navarro, president of promoters’ association Procosta, Grupo San José is negotiating with several credit institutions in order to carry on with the Santa Ana del Monte scheme."
So that is published in CBN for all to see, thus it is now public knowledge.
All the best
Tony
R17 18
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Just so all can see that article I relaod it
This is from todays Costa Blanca News.
Expropriations block golf resort
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By Nuria Pérez
THE SANTA Ana del Monte golf resort which Grupo San José is set to build in Jumilla has been temporarily halted, the town hall explained this week.
According to the local authority the delay has been caused because expropriated land has not been paid for by the board of compensation which is managed by Grupo San José chief, José Rodríguez Murcía.
Only the first 2,286 properties of the ‘plan parcial’ scheme were approved by the town hall in a full council meeting in 2006.
Most of the land – four million square metres – is owned by the company.
However they face a bill of nearly 4.5 million euros for another 200,000 square metres of land and other smaller plots which they do not own.
A council spokeswoman explained: “Once the land has been paid for, the remaining administrative procedures will be carried out.
“A deposit to guarantee the building works are finished will be made by the company and then the building licences will be issued.”
According to a licence issued by the town hall in April 2007 the company is only allowed to move earth and to build the foundations of 572 properties located in the RMD-4 area of the scheme.
The company is not allowed to build any property currently as no further licences have been issued.
Grupo San José hit the headlines in May when two of its companies – San José Inversiones and Herrada del Tollo – applied to the courts for voluntary suspension of payments (‘concurso de acreedores’).
Three administrators have been appointed by a judge for each company.
According to Antonio Navarro, president of promoters’ association Procosta, Grupo San José is negotiating with several credit institutions in order to carry on with the Santa Ana del Monte scheme.
He said: “The viability of the company depends partly on this scheme.”
CB News has asked Grupo San José to comment on the situation but no reply was received before going to press.
IU-Los Verdes councillor in Jumilla José Antonio Pérez said: “The company presented a massive scheme even though it did not own all the land.”
I Want My House
brianmags R4 556
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So just to re-cap then.
Your information presented as something to be happy about and we are to accept as factual is based on the article by Nuria Perez.......who is so confident in his story that he reports that 'according to' Antonia Navarro, who for good measure is representing 'promoters'. The company Grupo San Jose, who he has made the complete cock up of reporting the wrong company. Are re-negotiating with several credit institutions.
Who are they negotiating with, shopacheck?
Your havin a laff
_______________________
Best wishes, Brian
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I agree briando how this can be taken as good news is beyond me.Where are SJ going to get the money for the licenses from ? perhaps SARCO want it taken from the 7mil deposit account to allow the build to continue that would explain why they show such anomosity to those of us who have had enough of SJs bull and want our money back.
Earth calling come in Zorg This message was last edited by julie anne on 7/5/2008.
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Who is Antonia Navarro
On May 9th 2008, the Company Herrada del Tollo S.L. presented Voluntary Administration Proceedings at the Mercantile Court No. 1 in Alicante (Spain). Later, on May 19th the above mentioned Mercantile Court dictated an order.
In such Voluntary Administration order, the following three Administrators are appointed:
Mr. José Antonio Pascual Navarro, as economist.
Mr. Abraham García Gascón, as solicitor.
Caja de Ahorros del Mediterráneo, in representation of the creditors
This is the man in the article
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Who is Antonia Navarro
On May 9th 2008, the Company Herrada del Tollo S.L. presented Voluntary Administration Proceedings at the Mercantile Court No. 1 in Alicante (Spain). Later, on May 19th the above mentioned Mercantile Court dictated an order.
In such Voluntary Administration order, the following three Administrators are appointed:
Mr. José Antonio Pascual Navarro, as economist.
Mr. Abraham García Gascón, as solicitor.
Caja de Ahorros del Mediterráneo, in representation of the creditors
This is the man in the article
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Apologies for repeating myself but just thought i would try reposting this as i feel it is an important point which obviously was overlooked in the excitement.
Hi Brian and Tony.
Sorry but you are still not convincing me.
Fact is most of our money is in a seperate account. That is a FACT!
Can you assure me and many others that it is a FACT that our money is SAFE or is it just your opinion or what is SUPPOSED to happen.
Cos if eveything happened what was supposed to happen in sunny Spain a lot of us would be disscusing face to face instead of over the net in drizzly England.
I really hope you have FACTUAL PROOF to back up your statements because i and i'm sure many others would sleep happy in our beds. But i for one do not need any more false hope because i have been fed that for a veeeery long time and am frankly sick of people telling me for the last 12 months that everything will be OK.
Ken.
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message from Anna
At no time have I suggest that everyones money is "safe" I have never done so and to suggest that it is is misleading at this time. What I have said is that it has been held in a separate account as per the regulatory requirements. Whether you get access to this again (if the company goes into liquidation) is by no means clear at all. This is what all your lawyers need to contest separately in court to ascertain. What is positive however is that the money is in a separate account as it gives the basis for good strong legal challenge to why you should have the possibility of it being returned(if you so wish) Like everything I have learnt so far in Spain however what is law and what happens can be two very different things.
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Hi Ken,
If our money was not in a clents type account it would be breaking Spanish law.
If they had broken that Law they would not be granted concurso as they would be liable for missappropriation for
deposits.
if the deposits were not in secure account the Administrators would not be discussing about refinancing to other credit
facilities (Banks). as no one would touch them with a barge pole.
These are the thee points that give me hope of an achieveable outcome where if funding can be raised the the build will
be completed The Town and Regional goverments need this developement for the ecconomy of the area.
If funding can't be raised and the developement discontinued then we will fight for our refunds on deposits so untill the three Administrators give their verdict then we have to wait but if enough say they want their house then it will give them more to go to Finanicial istiutions to get funding. That is the crux so the more that say I want my House the better chance of it being completed. if it goes that they cant get funding then I will want my hard earned money back and I be first in the fight for that in that case.
So Ken please just hang on for another week or two as their report to court is due soon and just maybe we will have a drink at the local ion SADM a nice Glass of Mad Dogs & Englishmen with some tapas
best wishes and regards
brianmgs
R4 556
I Want My House
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MESSAGE FROM ANNA
At no time have I suggest that everyones money is "safe" I have never done so and to suggest that it is is misleading at this time. What I have said is that it has been held in a separate account as per the regulatory requirements. Whether you get access to this again (if the company goes into liquidation) is by no means clear at all. This is what all your lawyers need to contest separately in court to ascertain. What is positive however is that the money is in a separate account as it gives the basis for good strong legal challenge to why you should have the possibility of it being returned(if you so wish) Like everything I have learnt so far in Spain however what is law and what happens can be two very different things.
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Hi Brian.
Once again please forgive my ignorance but i feel like i am talkng to a political spokesman.
I read a lot of words but did not find the answer so here goes again.
Do you know for definate that our monies are SAFE in the seperate account ie cannot be taken away from us by another creditors ie banks or suppliers who i am sure are further up the list than little old me.
Once again looking forward to your FACTUAL reply.
Ken.
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Ken this information originally came from Anna the administrater on another sites lawyer Antonio .She feels the information is being misconstrued by other people that is why she asked for someone to copy her message hear.She does not come on this site herself because of certain members attitude. Read he message and if you want to what was actually said go on her site dont take the IWMH peoples word for it Thanks JA
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Hi Braindo etc,
What are you trying to achieve? Are you trying to deny the funds are in an identified account, or that the final build licence is available or that SJ is negotiating refinance or that 45% of the purchasers are Spanish The information has been officialy given out and is in the public domain.
Yes the probability of SADM being built is now high and of people who want their houses getting them.
Good night to you all.
And yes I want my house
Tony
R17 18
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What we are trying to say is Are you trying to deny the funds are in an identified account, ( no but who knows what theses funds will eventually be used for the judge will decide depending on the legal rules of priority of crediters buyers being quite far down the pecking order.)
or that the final build licence is available ( some of the licenses are ready but at a cost 0f 4.5 mil the debate is about where that will come from )
or that SJ is negotiating refinance (doooooooooh credit crunch banks not lending dooooh )
or that 45% of the purchasers are Spanish (this is hearsay from somebodys brief look at the list in a meeting nothing official .My name is Spanish but I am British )
The information has been officialy given out (Balderdash ) and is in the public domain .(There is no official information yet)
I really really wish you were right but I just dont believe you are only time will tell
goodbye Zorg greetings from planet Earth
JA
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Hi
What i am trying to achieve is simple. I want to take as much information from all sources as i can and keep in touch with the reality of getting my money back. Then i want to get on with my life and not be bogged down with corruption, deceipt, lies and hot air.
The builder has gone into administration, the administrators will release their findings to our solicitors, our solicitors will take our cases forward and the law will aplied. Then we will get our results and get what we are able to.
Thats it in a nutshell.
The possibility of things like the local newspaper having the inside information of one of the administrators saying that the company are in secret talks to raise finance is complete bunkem and needs someone to say so.
If it turns out to be even in the remotest possibilty of having a grain of truth, then the administrator concerned will have breached confidence and trust and it is just further evidence of corruption.
Stop cluthching at straws and trying to get people to believe that this kind of information has any bearing on reality, and see it for what it is.......tomorrows chip paper.
As for the licences...of course they are available, thats just a procedure. If you want your house really badly, go and buy the builder out and buy the licence yourselves, The administrator is apparently saying they are looking for finance.
In fact i will offer another tenner..................probably 9 more of us and a hundred quid will buy them out, providing its used notes.
_______________________
Best wishes, Brian
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