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It would appear that the money was used to buy land, more land and more land instead of being in secured accounts to protect the customers not to mention the luxury mansions that SJ built for all of his family members
FAR
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Sorry, but Tiger is a buffoon.
He stands to lose his money (partly from his own stupidity), then belives he is expert enough to advise others:
"How can those without BG's protect there intersets? It most definately is not by having HdT liquidated. If you want your house you need it built, if you want your money you need people to buy their houses to provide a source of income to pay you back. Remember there is no money to pay you back in HdT."
What the buffoon is saying is empty the remainer of your bank accounts and hand it over to HdT, hoping they can build-out the houses, which on completion will be worth half purchase cost.
"The only purchasers who could get there money back if SADM does not go ahead and HdT is wound up are those with BG's"
Also an expert on BGs, but not enough to secure one for himself.
"It could be that some with BG's beleive that they have a better chance of getting their BG's actioned if that happens"
Some have already have had their money back. Don't you read relevant information.
"I can ignore the daft personal remarks"
Just as well.
"but i am truly concerned that those of us without BGs would be left with just a bad taste in our mouths if SADM fails to go ahead"
Especially if they had taken the advice from SARC.
"For us all we need SADM to proceed"
Absolute rubbish.
"and we should all be doing all that we can"
And should have been doing so for the last 9 months.
Too late to cry over spilled milk. You made your bed............
You buried your head in the sand and tried to gey many more to do so.
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Arh but Bri, you have the queens perfect northern lingo which is easily understood and loved down here in oooarrrh land. Very good first try by the way!
Sal
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Sal
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Tony
Please do not feel sorry for me. I have no conspiracy theories. I am not an expert in buying in spain, and have only ever bought property in the UK.
I do feel I have common sense. and for my work I have largish budgets that I am responsible for. I have to account for every penny and evidence for auditors where the money has come from and gone to. using this common sense, I have worked out that HdT received millions of Euros' in deposits for SADM. You only need eyes to look at the site to know that ALL that money hasn't been spent there - even allowing for legal fees etc. As HdT are in administration I, like all of us, have a right via our legal representatives, to ask what has happened to the money. HdT have stated that they have no money - but the informe didn't say where the money HAD gone. Until I receive a satisfactory answer, then I will fear the worst.
If I am wrong, then I will end up with what I have paid for - a villa on a golf course with all the facilities that were promised, on a development of the size that was promised, with both the golf courses etc.
If my worst fears are realised, then I will have been legally protected as much as possible, right from the start.
You blame solicitors (yes, they should have fought to ensure we had BGs), you blame the banks, but you have not mentioned any blame on HdT. I must admit that I find that strange.
I am willing to pay my legal fees to ensure that I am protected as much as possible, and to be a thorn in the side of HdT. I may not get exactly what I want, but I am prepared to risk that and am following this route with my eyes open. I was not prepared to risk my deposit.
tracey
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Dear Tony
Can i ask you a question, you say that you need people to buy their houses to provide a source of income for hdt to pay those of us who want our money back, but seeing as they as a comapny have hardly acted in an honourable way in the first place, what makes you so sure in this ideal world that SADM does get built, they refund us our money. Surely they would need the cash flow to keep going themselves for the build etc. Also i know on several occasions you have stated that there are interested parties in refinancing, in all honesty how long are you willing to wait before you accept that there will be no consortium riding to the rescue.
I know we all have diferrent opinions etc, but with so many things changing ie job security, exchange rate, mortgages etc, these are vastly diferrent times than two plus years ago i just cant see it happening, however if it does go ahead then i am happy for those who want it, but for us i would'nt touch these lot with a barge pole.
Just want an end to all this hanging around, how much longer must we wait.
Ps can i just add, twigett please post in a normal way, as like others i kind of skip past your post, no offence.
Kind Regards
Mark & Jackie
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Tony.bit of friendly advice
There seems to be a groundswell of people who are talking sense now. The common denominator is that there is no merit in carrying on with this builder, they are not very good at what they do and i am pretty sure they wont get any better.
They have taken the money and been very greedy, they have not delivered the product they promised. They do not communicate with their customers.....ask anybody, look at your pile of letters at home......how much do they care about their customers?
They dont deserve to carry on and if by any miracle they did.................they will not be any better than before.
It is my opinion that when you place information on here or on your SARC site it is based on deceipt, to try and persuade people that this builder is able to re-finance and give everyone the product they deserve..................2 months ago you were saying, wait until the administration is over, you will see that everything is in order and it will go ahead.
Tony..............you were wrong then, you are wrong now................there is no-one here who supports your theory anymore, save for some old soldier who has problems typing in plain english and Brian mags who was with you from the start.
All the people you say are 'joining up' every day, dont seem to have any voice............anywhere..............i am beginning to think your a bit deluded............you have a barrister and a chartered surveyor..can you add a psychiatrist to the shopping list next.
Brian
_______________________
Best wishes, Brian
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Hullo ta yer all,
Jest got in from Pedros, sorry am a bit late in gettin bac ta yer; Glendale wots tha meen "post in a normal way" an Brian thanks fer the vote a confidence me ole yorky pud "groundswell of people who are talking sense now" Far, ant erd from yer fer a while ave yer been far? DYK "and many that we do not know"?? Indeedee (not is real name) "sheesh kabab" like wise julie anne (not ere real name)!!
A think that our little platoon is mekin real progress now an very soon.......
twigit
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Re-posted here because it was taking up space on a really usefull thread
Hi Brian
I have got past the stage of caring too much about the why's and wherefores. Looking at the SARC site and reports as a whole, its peppered with mis-information.
I say this with sincerity these days, i dont scare about if its taken as accusing of lying or &c. I dont care if a barrister is threatened or any other silly tactic.
The thing is Brian, there is so much information through the SARC reports, that is presented as the truth or the way forward. There are so many references to try and convince people there is no money, or there is no other choice, it will be years before it gets resolved, solicitors are just going to take your money without return..................etc
So many twisted facts, so much information coming from the builder themselves.................and to cap it all there is Uncle Albert coming on here every time it gets interesting...................all i can hear in my head when i see a twigitt post now is
'during the war'.
I just think its time for me to say...................what a load of complete bol***s, this builder is crap, your barrister is crap, the administration should turn into a fully fledged liquidation, with proper teeth and a proper practitioner to get into them and get the truth and the money thats left..............
Time to wise up and get real..................if the builder wants to survive, put pressure on them and stop dithering about with wrapping em in cotton wool...............and stop using mis-information to do it.
If your still hurt, then look on it as cruel love................
_______________________
Best wishes, Brian
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Just to clarify ,
I mentioned about the consumer protection act back in june/july rom lawyer of spain website with link from SARC website here is the some of that article
Every contract is different, as well as the true intentions of the
parties, but fortunately developers stand on a very difficult position
since Consumers laws are very restrictive regarding contractual
terms on promises to buy or sell, and indeed any contract used by
developers. In fact, the undersigned is sure that at least 80% of all
contracts signed between developers and private purchasers are
viced will clauses that are automatically null and void and others
which are so confusing that can only benefit the purchaser. The same
high court also defines the true nature of these contract regardless
of the title given to that contract, since more often than not project
developers have poor legal advice and name these contracts with
a varied number of erroneous titles.
In summary, a promise to buy and sell, reservation deposit contract,
reservation fee, pre-contract, etc. is to be construed as being a true
purchase-sale agreement, totally enforceable in a Court of law where
such document describes the property and its price, and according
to the latest jurisprudence, even where the document, although not
including price and property, enables these two elements to be fixed
in a future document. The remedies of a purchaser in case of default
by the developer are a suit to compel the latter to grant public deed
of purchase sale before a notary public and or claim damages.
We can divide the requirements to be met by a standard purchase/
sale contract in the following:
• General requirements as per the Consumer’s protection Act
1984. (Ley 26/1984 de 19 de Julio General para la defensa de
los Consumidores y Usuarios), and General requirements as
per the General Contractual Conditions Act 1998. (Ley 7/1998,
de 13 de Abril, sobre Condiciones Generales de la
Contratación).
• Specific requirements as per Royal Decree 515/1989, of 21
April.
• Miscellaneous requirements as per other laws.
Brianmags
R4 556
I want my house This message was last edited by brianmags on 1/15/2009.
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Brian
I for one have no recollection of anyone from SARC placing this document on here or on their website. The first point is why isnt it on the website, it just shows you concentrate on mis-inforamtion, then come up with something later to try and cover your backs, this is an example of that, but it looks to backfire on you when you read it.
Second....But the advice on this article is that the purchaser is in a strong position with contracts and consumer rights....are you trying to say this article backs up your SARC cause?
The message to take from this article is to go to the court and defend your contractual rights, the builders position is weak if they have failed on the contract.................i suggest you read it again..........give it to your barrister, he needs some advice i think
Brian
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Best wishes, Brian
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Hi briando
The reason they were there was that they can be acessed by all and not pushed down from view that was one of the reasons for setting up the site
I find that you only choose to remember what you want so when it comes to misinformation you take the biscuit where does your information come from? a disgruntal ex-employee maybe or from a flight of fancy we make no bones of saying where our info comes from and are transparent about it. everything you and JA say is top secret incase it affects your outcomes not minding anyone else.
regards Brianmags
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Sorry Brian but you are not making any sense to me.
Can you sit down and have a cup of tea and tell me what you were trying to say there.................
If you clarify any of it i might stand a chance of a reasonable answer, otherwise its just a meaningless string of words, maybe designed to defend the post before?......somehow?
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Best wishes, Brian
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Hi All,
I am surprised that Briando cannot find the document relating to purchaseing a property in Spain and the bit on consumer law. I found it quite easy to find it, go on the SARC site, click on My House and it is a document on that page. It has been there for months, however, consumer rights in Spain are not the same as in the UK so the probabilty of a positve outcome of that type of action are probably low.
More importantly is the need to recognise that the best interest of the majority of the purchasers is for SADM to get refinanced and for us to get ourt properties. As there is no money there to pay purchasers back, no matter how angry we may be with the company or money we may wish to throw away on legal actions, it will not bring the money back. So as unpalatable as it is for some please focus on getting SADM built to protect your money, once you have an asset ou can allways sell it at a later date.
As for those with BG's they are in a different position and can decide to stay or go depending on their needs, although it would appear as if some feel that onyl by preventing SADM going ahead that they can action their BG's, which is not ideal for the majority of us.
I WANT MY HOUSE AND FOR EVERY ONE TO HAVE A POSITIVE OUTCOME FROM THIS AWFULL MESS.
All the best
Tony R 17 18
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Dont be too surprised Tony
I just went back to look for it and got fed up after 10 minutes, its well hidden. I think you should tell everyone who wants to know, exactly how to find it, because it puts your own theories about the best outcomes completely upside down.
For all the reasons the people have been saying on here for the past few days Tony. Your idea of the best outcome is completely wrong.
The best possible outcome for purchasers, past, present and future is to recognise this company are not capable of supplying a building site. Then recognising the best way forward is to put them into threat of winding up. Then finding out exactly what comes next.
Tony/Brian.you have run out of arguments, you have played your best cards and got nowhere. You peaked too early and lost any respect of the audience on here.
There are no SARC supporters coming to your rescue save for uncle Albert, who survives on chocolate, choro's and bad English. You have it very wrong, very wrong indeed.............lets get the builders out of this cotton wool administration, and my half of it as well. Lets get the cards on the table and get the thing sorted like it should be done. The honourable way...........and get the daft ideas of re-financing out of the way. There is no finance..........
there is no finance............there is no finance.......there is no finance
Now then.....make an answer to that pop up on your website and i wil be really impressed
_______________________
Best wishes, Brian
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Hi Briando,
I am sorry that you can not spot some thing that is so easy to find.
You and your small group of friends amaze me, you tottaly ignore the fact that there is no money and 90%, oh yes 90% of purchasers do not have BG's. So you think the best outcome for them is for SADM to not go ahead, so I take it that you do not care about the rest of the purchasers who do not have BG's?
So for all of us who do understand the position that we are in and know that getting SADM built is the only way forward .Can you explain where the money would come from to pay people back and what the time scale would be?
I have read my solicitors advice and seen the advice of others, so yes I want SADM to go ahead and...
I WANT MY HOUSE AND i WANT EVERY ONE TO HAVE THE OPPORTUNITY TO HAVE THEIR TOO AND IT IS TIME THAT THE SAME OLD LITTLE GROUP STOPPED TRYING TO STOP US GETTING THEM!
All the best
Tony R1718
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Hullo Wing Commandar Tony...hic’
A jest got bac from Pedro’s... hic’ so ave jest seen yer comment. An a ave ta say that yer reet ole son...hic’ don’t let them wi bank guarantees run off inta sunset on bacs of ta rest of us.
Gowd bless yer ole lad...hic’
Twigit...hic, hic, hic’
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