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Totally agree Joannie ,
the admin seem to have got into the dirty habits of SJ rather than SJ adopting any change in honesty and good practise from the admin.When the Admin was first appointed I thought at least we would get some truthful answers not so .
First it was after the August holiday then mid September now end of October sames old same old SJ moving the goal posts .Lets have some truth from someone at last in stead of all this stringing along. The sooner the judge winds up the affairs of this bunch of crooks the better .The Admin are no better than dealing with SJ B###dy hopeless bunch of L###s.Only thing the Admin have told us for sure is that SJ have no money left perhaps we should thank them for stating the b####y obvious. JA This message was last edited by julie anne on 9/30/2008.
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Hi B, Indeed they did say that 300mil was safe. In the Report July 08 (j.) it clearly states by Almundena, that the bank account where depositors' money is held is audited. Audited accounts are in the public domain. The Court administrators know where the money is invested and it can ALL be accounted for. Everything has been done legally and properly. Oh really! (k) moving deposits to a key ready. Both sets of Administrators have to agree and you cannot downsize. The administrators are trying to maximise income for SJ. Oh really... No they cant because they cant afford to complete!
No wonder we were led into believing that the Administrators were there to protect us. Me included. I actually felt 'safer' knowing that these people were brought in to run the Company. As Joannie,JA and FIN, yourself and many others have pointed out til you can barely stand to re-iterate it any longer, dont trust them. When I read this week that the land had been sold to another Developer, I was utterly relieved. First and foremost because we purchasers had been told in the SARC Report - ' New contract or money back option'. As someone has said the flood gates will open in Legal terms to get our money back. Even that glimmer of hope that they will have money to refund those of us who are desperate to get on with other purchases elsewhere or just stop worrying all the time and start living again was in all liklihood misleading. 5 years in staged payments. I think they will have to fight that one in Court as to it's legality.
We have been given no details despite close knit ties with the Powers that Be. Ive got the Report by the side of me so tell me if Im wrong Tony/Brian. This is what your Report said. I posted this the other evening and had no direct reply? The post in general that I read seemed very glib to say the least and still you believe, or choose to inform us, that it's better to have your property on SADM because it could take us 5 years to get our deposit back! Im sorry to say I found it patronizing to those of us who are pretty desperate to recover our money.
In an ideal world, SARC members would get their house and the rest of us (who I think will prove to be the majority) will fight darned hard for our money back and quickly!
Im feeling angry this morning having just spent a further minor fortune in legal obligations on two failed Contracts. Sorry.
Sal 
_______________________
Sal
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Hi All,
This is the I want my house strand. Now as far as I am aware, no one has been able to give a good logical reason as to why going for your money will result in a better or quicker positive result for purchasers.
No all i see are attacks and derision on any positive information or opinion that indicates either that SADM has a future or that a purchaser wants their property.
If a purchasers feels that they wish to have their money back, that is their right and they can state the reason/s why but justifying by slagging off reasons to want your house or why SADM has a future does not give their position any credabilty.
We all know that refinancing is being negotiated, the administrators have now stated this to my solicitor at least and that the administration process gives HdT up to 5 years to pay back debts.
If you want your money back the simple question I ask is: how are you going to get and how much of it and over what time frame? As for company assets lets not forget that SADM purchasers have contracts with HdT and it would be only their assests and income that would be used to pay their creditors. So as the deposits for SADM have been spent on the build, exept for the BG account money, where would or is the money coming from to give the money back?
The best result for all purchasers ( except perhaps those with BGs) is for SADM to be refinanced and to go ahead. That would give those who want them, their properties and those who want their money back could then revcieve their funds from the payments/income from those who proceed to purchase.
So I want my House and I want a postive out come for all
All the best
Tony R1718
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Newspaper article from this weeks edition of Coastrider ( Costa Blanca Edition )
European Union checking water availability for planned developments
The European Commission is to investigate more than 250 urban developments which are planned or in construction, have been approved by local and regional authorities but which have received reports from their local water providers that there is insufficient water to support them. Most of the developments are in Murcia, 121, and the Valencia region, 129. There are 14 in Castilla La Mancha and Andalucia. The investigation has been prompted by the work of the Eurodeputy for the Spanish Los Verdes Party, David Hammerstein, who has said there are massive developments planned which must call into question the ability of Spain to meet the requirements of ‘la Directiva Marco de Agua’ which is about providing quality drinking water for everyone by the year 2015. According to Brussels the projects under consideration include hotels, tourist resorts and yet more golf courses.
They go on to say that these will require extra resources in regions which are already experiencing a lack of water. Mr Hammerstein is quoted as saying that the plans involve 200,000 houses and around one million people. The EU will want to know how Spain intends to be able to meet the requirements of the environmental directives on the availability of water given the current position in the regions and the additional requirements of these new projects. David Hammerstein believes that this initiative by the European Union will give central government the opportunity to overrule the planning decisions taken at local and regional level.
The ‘nuevo ley de suelo’ was introduced last year to curb development that fails to take account of the sustainability of the environment, the provision of sufficient space for green areas and adequate protected housing for those on low incomes amongst other matters. Many have been surprised at the number of developments that were still going ahead before the construction crisis despite the fact that in Murcia and parts of Valencia we were experiencing one of the worst droughts for tens of year and that the plans for future availability of water for existing customers were far from secure. Perhaps the investigation by the EU will allow a more considered look to be taken of planned construction on the coast, particularly as there are so many residents and pressure groups calling for a moratorium on any further development before all the outstanding issues on current urbanisations are resolved and there are better guarantees about future quality of life on the Costas.
Paul Mutter
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Hi Garcia,
Your posting is countered by the previous one placed by Sue mac and it shows quite clearly that the issue of water and golf courses has been addressed.
27 projects underway
The 'boom' of the golf courses resist the ravages of the real estate crisis
Promoters are continuing with the 27 projects that are under construction or in the pipeline for Sustainable Development A law shall fix the minimum distance that should exist between plant
The golf passes to the crisis. At least for now. Despite the halt of the construction activity and the fall in the sale of homes, the development of golf courses continues in the region, which has 27 projects in the pipeline or under construction, and for which the Ministry of Sustainable Development last A law that will make the minimum standards of quality and safety.
The current status of the matter is as follows: Region of Murcia has 14 golf courses in operation, 8 under construction, 3 more that have already received the environmental impact statement in favor and 16 others in the pipeline for approval, according to data Sustainable Development. None of the developers and municipalities interested in its construction has given up on them, although the real estate crisis has already served one year since the outbreak of the case of junk mortgages.
All projects approved and golf courses in the pipeline (41) have the necessary authorization for irrigation, which is the first instance to play and that gave the Hydrographic Confederation of Segura.
Low
The water scarcity in the region also poses an impediment to this activity. A field of 18 holes requires an average of 400,000 cubic meters of water a year, and planned consumption for the 41 fields in play and pipeline in the region would barely 1% of the volume of water that is used in agriculture, according maintains the Ministry of Sustainable Development.
However, the general tone in the fields in operation is the use of water purified from human consumption. The intent of the Department is using the law to regulate the golf courses to manage the sector and establish some basic criteria of quality. "We want the urbanization of the environment to adapt to the minimum quality that must have the golf course, not vice versa", said the director general of 27 projects underway
The 'boom' of the golf courses resist the ravages of the real estate crisis
Promoters are continuing with the 27 projects that are under construction or in the pipeline for Sustainable Development A law shall fix the minimum distance that should exist between plant
Environmental Quality, Francisco Jose Espejo.
The draft legislation in which the Council works, and it has negotiated with the Golf Federation and the Association of Golf Courses, establishes criteria on the location, design and integration landscape of fields, even recommends the type of grass to used to reduce water consumption and also setting examines the minimum distance that should exist between different fields to keep the region is saturated with such facilities.
Counselor of Development and Planning, Benito Mercader, says that "we have the opportunity to improve future developments through the establishment of minimum standards and criteria for the proper location, design, integration into the environment, construction and management of golf course. The region is already an example in the sustainable management of golf courses and respect for the natural environment, but the new law will allow us to move further in this activity, which transcends the sport and to make a strong influence in other areas such as tourism, recreation and economy. "
Technical Workshop
Merchant added that his advice "will not hinder the development of golf in the region, provided they are carried out the necessary formalities, they meet the established criteria and environmental requirements, and obtained the award of the Hydrographic Confederation for the use in irrigation water requirements. "
The intention of the Ministry is to present the draft of the new law in the II Conference of Technical Development and Sustainable Management of Golf Courses, to be held on 13 and Nov. 14 at the Hyatt Hotel in La Manga Club, under the organization of the General Directorate of Environmental Quality
As there is a lack of an explanation as to how any other course of action is equall to or better than wanting your house all I can say is............... I WANT MY HOUSE!
All the best to you all
Tony R1718
This message was last edited by TonyMal on 10/1/2008.
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Hi Tony
I dont believe this article is negated by the previous one it is quite a different situation as the EU has now decided to investigate the claims being made about the security and viability of future supply as regards new developments .Do you also dispute the worst drought in ten years. Tony you really only see and read what you want with no consideration to facts and common sense. This message was last edited by garcia on 10/1/2008.
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With respect. The articles are general to the autonamous regions and water is used as a political tool here. We have, in 8 years, never had a hose pipe ban or the car washes turned off. The only time the water goes off is to mend broken pipes, which is done quickly and efficiently. Cost alone should tell you, if working on the supply and demand theory, that it is not scarce here. We pay 23 cents a cubic metre to buy it in. Our water bill for 2 years was under 200 Euros and we have many visitors and three bathrooms. If water is so scarce here then how can Villena, which just up the road, be considering bottling it to sell.
_______________________
Linda Needham
La Alberquilla
Jumilla, Murcia
R4 308 For Rental
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Hi Tony As I say I would be delighted to know they have re-financing then some purchasers can continue because they want to, and others of us can get on with pursuing our claim for a refund (even stged payments would help me at the moment). I'm sure mine isnt the only lawyer going to speak to the Administrators this morning to clarify if this is truely imminent (and I do hope so), and obviously how it will affect my claim in court to get my money back. My preference is personal as I have no doubt all individuals will have to give the matter careful thought before proceeding or entering into a new contract to continue. We have all learned lessons the hardest way possible.
I too hope you get what you want Tony
Sal 
_______________________
Sal
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Linda, just can be bothered to comment on such rubbish as mentioned below (ignorance is bliss), but would like to comment on your response.
You mention that in 8 years you have never had a hose pipe ban or the car washes turned off.
Which we have no reason to doubt. Possibly, some who have lived there longer can also state such.
But what has history to do with it. Such reports are prepared to take into account the future.
Just put an additional 10,000 properties, a couple of golf courses, and hotel and whatever else you want onto the existing system and supply and what do you think would happen then.
It may be that the annaul rainfall deals with the need of what is really a small community, but build a gigantic estate and things would change.
How many litres each year are Villena planning on selling?
What and where is the source for this?
Perhaps SJ should buy out Villen and that coupled with a hosepipe to the Mayor's house will solve all problems of water shortage forever.
Think future, that is what the supply companies have to do.
remember, 50 years ago, a battery would probably have been sufficient for the running of electrical equipment, as there was no demand.
Just as well I suppose the electricity suppliers though of future needs and not based on past needs.
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For those who want their house and are not self funding.
Anyone asked their fund source if the current climate will have changed any offer which may have been made, if the properties were to be constructed next year say.
I would imagine that some would take a completely different view.
What if SJ was to be given the OK to proceed and threw up say 500 houses in 6 to 9 months, just to get the completions, thereby realising capital. How many (if any) would not be able to complete, therefore, lose their deposits, because banks simply said no thanks.
Isn't this what has happened in another development in Murca?
What about the bank that will not lend to anyone involved in the property market in Spain. Will they make special circumstances for the acquisition on a development where the developer nearly went broke?
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Hi All,
This is quite clearly the I want my House thread and it is interesting that we are not going onto the other thread and trying to rubbish it but some posters are trying to rubbish this thread. I wonder why?
Probably because there is no logical or good reason to go for the money, infact as it is not there unless you have a BG it would seem to not be the best option to go for: Where will the money come from, how long for repayments etc?
So kindly stop posting the drivell and actually place on the other thread a reason why it is advantagous for purchasers to fgo for their money back?
Me I truly beleive that it is every ones best interst that SADM goes ahead( except perhaps those with BGs who want their money back)
I Want My House
Tony R17 18
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Hi All,
i posted this and then we had the lets push it down the list by others who do not want their properties even though they have thier own thread. Please read below
Hi All,
This is the I want my house strand. Now as far as I am aware, no one has been able to give a good logical reason as to why going for your money will result in a better or quicker positive result for purchasers.
No all i see are attacks and derision on any positive information or opinion that indicates either that SADM has a future or that a purchaser wants their property.
If a purchasers feels that they wish to have their money back, that is their right and they can state the reason/s why but justifying by slagging off reasons to want your house or why SADM has a future does not give their position any credabilty.
We all know that refinancing is being negotiated, the administrators have now stated this to my solicitor at least and that the administration process gives HdT up to 5 years to pay back debts.
If you want your money back the simple question I ask is: how are you going to get and how much of it and over what time frame? As for company assets lets not forget that SADM purchasers have contracts with HdT and it would be only their assests and income that would be used to pay their creditors. So as the deposits for SADM have been spent on the build, exept for the BG account money, where would or is the money coming from to give the money back?
The best result for all purchasers ( except perhaps those with BGs) is for SADM to be refinanced and to go ahead. That would give those who want them, their properties and those who want their money back could then revcieve their funds from the payments/income from those who proceed to purchase.
So I want my House and I want a postive out come for all
All the best
Tony R1718
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Hi Tony I thought that was a really good point FIN made.What about people who need a mortgage or loan to complete , surely they should be very careful about continuing as getting a mortgage or loan in the current climate will be impossible especially for those who still have a mortgage in the UK .Shouldnt they be very careful in considering wheather to or if it is possible to contiue as if the mortgage was refused (more than likely would be now )and they were forced to pull out of the sale they would lose their deposit any way ?
Even worse what if there are some who have remortgeged their UK property to fund their deposit they are in a dreadful situation when it comes to raising the final payment. This message was last edited by julie anne on 10/1/2008.
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Hi,
Old news about mortgages as we went over that a couple of months back. Inland is a different market to the coast etc. My bank manager in Spain, has said that mortagages for SADM are not a problem.
What would be nice would be for people to stop trying to come up with reasons not to have your house and a reason to go for your money. No one has done this yet, all they keep doing is trying to come up with reasons not to stick with SADM but no logical reason or benifit for going for the money.
If there is a good reason to go for the money post it on the other thread and lets us who want our properties see the reasoning and not just negative attacks agianst SADM.
All the best
I Want my House
Tony R 17 18
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"Old news about mortgages" Yes, if it is 24 hours in the current climate it is. Nothing holds at present.
A couple of months back is a lifetime in view of what has happened. Open your eyes and ears.
Does your manager work for a bank that is in the same ownership as the developer's bank.
He must be the only manager worlwide who will, sorry no , CAN pledge and not just offer a mortgage.
If there is an offer, there must be break clauses, as that is how a bank is run. If you are offered a mortgage for a house in UK today, the offer doesn't stand until a couple of years time.
What would be nice is if people were awaken from the fantasy world, don't just switch TV on to watch soaps, etc., and listened and appreciated what is going on in the world economy and finance.
Good reason to go for the cash. At least you have a chance of getting something, rather than wait another 2 years and still no house.
By the time that development is complete, today's purchasers will be beyond retirement care homes.
If the bank manager can guarantee mortgages for SADM, they must think it a good risk and investment, so why doesn't their bank re-finance SJ? This message was last edited by FriendinNeed on 10/1/2008.
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FIn,
Try coming up with a positive reason for not going for your house and why dont you place it on the other strand? Try not using negatives and justify/validate why it is better to go for your money back and place it on that strand for us all to see.
I believe that you have a better chance of getting your house before you get your money and then you will probably only get all of your money if SADM goes ahead. So its a no brianer...but then some donot want SADM to go ahead...hohum
All the best I am of home
I Want My House
Tony R17 18
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Please read below where it states:
Good reason to go for the cash. At least you have a chance of getting something, rather than wait another 2 years and still no house
Do you wish just to hear positives?
Is that why you fell for the spin such as construction will start in earnest next month, month after?
Sorry, I am a realist not a dreamer.
If you want a positive life with no negatives, what on earth are you doing in this world?
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Reasons not to go for your house ,because there is absolutely no chance of getting it .Reasons to go for your money with a good astute lawyer there is some chance of getting your money . Tony was it today you spoke to your bank manager if not I would ask him what he thinks today you could if it is a large bank ask him if he would consider refinancing your friends SJ or perhaps his bank is one of their creditors
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