I want my house

1) To be polite, but borrow a saying. WHAT A LOAD OF TOSH

2) It is apparent that those who met with the developer and prepared the report of their meeting, have little or no experience of business, development, funding or the banking system and its methods.

Furthermore, the developers must realise what utter folls they have just been sitting talking with.

Sign up what we say or lose all. Nice. Friendly. Considerate.

Anyone consider taking their legal representative with them, or would that mean too much common sense was needed?

Roll up, Roll up, Sign up, Sign up and wait another 6 years.

Hi Fin to use your own words TOSH TOSH And UTTER TOSH

Once again we bow to FINs supperior knowledge and common sence about the peoplewho compiled the report, the world and the universe

Brianmags

R4 556 I Want My House

Hi All,

I am not going to be dragged into a point scoring game with those who wish to make disparaging remarks about our efforts. My only interest, in common with Brianmags and many others, is in getting us out of this mess.

I  WANT MY HOUSE AND A POSITIVE OUT COME FOR ALL

Tony R17 18

"My only interest, in common with Brianmags and many others, is in getting us out of this mess."
So why not do what you have been advised to do?

Get top class independent advice.

In case you are deaf
GET TOP CLASS INDEPENDENT ADVICE

If you have poor sight
Get top class independent advice.

If you are plain silly and want to throw your money away
Just join, believe and listen to SARC.

Hi All

Just to remind everyone there is no charge or joining fees to become a member the information we supply is free to all and it is up to everyone to make their own decisions as to what they do we do not dictate but give concidered opinion on reports and updates.

Regards Brianmags

The jokes just get funnier.

A SARC member says "if you do not have a BG which is the case for 90% of purchasers". It is illegal not to issue BGs, so 90% of customers have been conned, yet the fools at SARC still sit open mouthed, and believe what the developer tells them, and wants others to do the same, despite admitting 90% have been conned.

"we do not dictate but give concidered opinion on reports and updates.", after receiving instructions from the developer.

Hi FIN

         not going to Argue with you but the fact is it happend and we were all let down by our agents and solicitors in this why were they not preventing / advising us not to go ahead as there were no BGs they are in fact worse that HDT or SJ as they were supposed to be working for us as we paid them to work for us so you see it is not as simple as you portray

regards Brianmags R4 556

I want My House

No argument at all, as people in general know the facts and do not have their heads in the sand.

"but the fact is it happend", Sure did and some allowed it to.

"and we were all let down by our agents and solicitors", so assume you have taken legal action against those nasty solicitors as it has nothing to do with the developers? 

So 90% have been conned and you still suggest that the developers are supported?

BrIanmags SL/HdT were legally obliged to issue purchasers with BGs and protect the money in separate accounts .They did not so how can you excuse them and trust them .Fair point about the lawyers and agents but many asked SJ/HdT for BGs and did not/could not get them . All else aside it is SJ/HdT who were greedy, used the money wrongly and greedily and cheated all of us with no regard for anyone but themselves .When oh when will you see this for what it is .I fear it will be when it is too late .

They have had over a year to sort out finance if it has not happened before in this time frame  it is very unlikely to now.On your other point it is not uncommon for this part of the process to take a year or more it means nothing and they could still go under now or later .  MM

Hi Magicmeg

                         Where did I say they had done everything the legaly if I pay someone to look after my interests then it is their responcibility to do their best to protect my interests that was what I employed the solicitor to do the same as I would do over here it was their respociblity to advice me not to transfer my money as there were no active BGs.but they did not. by the way did your solicitor advise you not to pay out as there were no BGs available or your agent.

What HDT did was illegal but only in so far as the BGs (which is not uncommon in Spain) all other licences for the build were in place (which is unusual in spain). (residents at Trampolin hills still do not have the water licences but they are still building and selling there) except for the final Build one ( which is the way it is done in spain licences are granted and paid for in stages to make sure that the build complies with what they were granted for).  As for the lenght of time You must by now realise that if they were going to be liquidated then it would have been sooner rather than later delays in getting refinanced are down to the banking situation.

The other point is that up to the time when the BANK took back the companies line of credit (which is the normal way for builders to work in Spain is by a bank line of credit) they thought there was enough to pay for final licence and finish the Build but with the withdrawl fo that they were in trouble so they went into VOLENTARY Admnistartion they have been working with the Administrators to raise funding. these are actual facts. Oh and yes any company can go into liquidation but that tebnds to be earlier rather than later how long did it take for LDV two days in fact and they were a lot bigger that HDT so maybe there is hope.

and I believe that you will find that the housing market is bottoming out and Ibelieve that in the next 18 to 24 months that prices will start to rise again I might be wrong but that is the feeling I am getting from the ordinary working people over in spain and from some colleagues who are spaniish and work over here.

I am willing to wait and see how the dice roll as I will loose nothing by doing so but I will continue to try and get My house as that would be the best outcome for me and my family and our money. If I win then my money is secured if I loose then I am no worse off than I am now.

Further more no one has been granted special status nor will they the judge has already ruled that one out hasn't he so we are all ordinary creditors 4th in line for payment

Regards Brianmags R4 556 (one of those without a BG)

I Want My House

First of all Brian ,

No my lawyer did not instruct me not to pay until I had a BG , I instructed my lawyer and SJ that I would not pay until a BG was in place , a  huge difference Brian. I instruct while you wait to be instructed ! The same is still  true today you are being instructed by SJ while I am instructing my lawyer to protect me against them . They are advising you to stand by them and what is best for them ,not what is in your own interest .You are too stupid to get this scenario and are playing right into their hands ,They have their best interest at heart not yours .Try to remember that  the two are most definitely not the same .

As for the credit status there has been no decision yet but who knows the fact that the credit  is contractually covered by a legally binding contract may mean that many achieve a higher level and get something back ,of course this is something SJ want to avoid at all costs and have duped you into believing it can not happen .They want to avoid this and are hoping that you /SARC could persuade as many as possible not to go down this road .Not because it is not possible but because it is the worse case scenario for them  . Why do you think that all those months ago they tried to dupe people into resolving their contracts with the clause that they would have no  future legal claim against  SJ or their assets ???????????  WHY ££££££££££

We will soon know the outcome and I hope you have at least applied to have your credit re classified despite what SJ instructed you to do . ( I fear not )  It is not as you have insisted impossible and I hope you  wont feel like a total fool  when you realise that you have dismissed  the best option for yourselves and others without a BG .

Every one is entitled to make mistakes but the real fools are those who do not learn anything from those mistakes .I fear you and Tony may very soon live to regret your blind trust of this very morally and legally  compromised  company  .You have been well advised by others on this forum but  have chosen not to listen . For this foolish error you only have yourselves to blame .

As for the rest of your stupid drivel about  the financial situation, lending  and the way things are done within the industry in Spain etc ,(if it was going to happen it would be in place by now ! it has been a year for Gs sake )  and the "way things are done in Spain it  is sooooo stupid and ignorant that it does not  even warrant an  intelligent reply .  Just because this is the way they do things in Spain does not make it right .Where  is your back bone Brian ? while the rest of us petition parliaments and fight for what is right and fair .You and SARC are a seedy little embarrassment and  sell out  to all with a real concern for the  property abuses  in Spain !!!!!!!!!      Regards MM

This message was last edited by MAGICMEG on 10/06/2009.

This message was last edited by MAGICMEG on 10/06/2009.

This message was last edited by MAGICMEG on 10/06/2009.

"Where did I say they had done everything the legaly if I pay someone to look after my interests then it is their responcibility to do their best to protect my interests", Maybe (we should ignore the errors there as he is obviously not a report writer), but professional advisors, be the property, legal, accountancy, etc., only act under YOUR instructions. They will advise but you must instruct.

"that was what I employed the solicitor" Were they fully registerd, independent and have the necessary PI?

"What HDT did was illegal" and you still tout for other to support them???????

"but only in so far as the BGs (which is not uncommon in Spain)" So, if you knew that, shouldn't you have been more cautious?

"all other licences for the build were in place (which is unusual in spain)." Where did you get that from, read back over the threads to 12 months ago.

"As for the lenght of time You must by now realise that if they were going to be liquidated then it would have been sooner rather than later delays in getting refinanced are down to the banking situation." So no problem and no need for anyone to worry then. All prospective purchasers can have a good night's sleep tonight as they now know SADM is going ahead and will be completed.
I am not surprised that you are in the mess you are. I am surprised that you don't dash out and put deposits on a few more though.

"The other point is that up to the time when the BANK took back the companies line of credit " Naughty bank. Calling in its money. Obviously the manager was an idiot and didn't realise there was a fortune to be made from this development.

"they thought " Thought, thought, a multi million investment and funding, you do not think, you provide evidence.

"VOLENTARY Admnistartion" Tou mean Voluntary Administration? Of course they did, as if they didn't it would have been illegal and directors would then have been personally accountable. That is the law.

Can't be bothered to comment on the rest but, readers:
PLEASE DO NOT LISTEN TO WHAT THIS IDIOT HAS SAID. IT IS NOW UNDERSTANDABLE WHY HE WAS IN A MESS AND IS WORSENING MATTERS.

Once again fin you still wont answer any questions just berate others who do have a vested intrest in SADM

 I believe that you are possibly Finish and  I refuse to communicate with you as all you do is twist whatever i say

Brianmags

Finally you agree that your money is safe

well there are a lot of us without the safety net fo a BG to fall back on so I will continue to fight for my house untill the result is in

thanks Brianmags

"Once again fin you still wont answer any questions just berate others who do have a vested intrest in SADM"
Ask the questions and I will reply (as long as I can understand your writings that is!!).

" I believe that you are possibly Finish and  I refuse to communicate with you as all you do is twist whatever i say" Oooooh, you are awful.

"Finally you agree that your money is safe"
Please let me know where I have ever stated that my money was never safe. My money is safer that any Bank's.
How about yours?

"well there are a lot of us without the safety net fo a BG to fall back on so I will continue to fight for my house untill the result is in"
"Is in" where?
Did you know that you can now buy a long handled spade which enables you to dig deeper into the sand?

Please try and come up with facts in future, otherwise, people will look on you as more of a fool than they do now.
Some people are to be pitied, others have gone beyond the point of pity.

My money is safe. How about yours?

To some who are worried about their financial loss, I mean no offence by the above. There are some who are innocent and are affected, then there are others who do not wish to believe facts and truth.
I do hope the innocent get something from this disaster.
Be careful. There is much propaganda in support of companies who have (to quote others) been conned people. Don't risk good money after bad.
This applies to many, many developments and developers, in Spain, UK, Canaries and many other Countries.

Hi All,

 I have explained  why there has been a break in my posting on the SARC thread.

Importantly a meeting was had with Almudena on the 30 July 2009 and some very positive information was given.

The report is currently being written up and will be made avialable to all on the SARC website ASAP.

I WANT MY HOUSE & A POSITIVE OUTCOME FOR ALL 

Tony R17 18 

See the idiot has been sucked in again and looking for others to it will be a group sinking.

Ho hum FIN,

I suggest that you wait for the report before you start throwing comments about.

 I WANT MY HOUSE AND A POSITIVE OUTCOME FOR ALL EVEN FIN.

Tony R 17 18

What did they say Tony did it go something like this  

Machen Sie sich keine Sorgen, wir werden Ihnen Ihr Haus  

 

Lassen Sie uns hoffen, dass sie nicht Lügen