SARCO

"you are not even a purchaser at SADM but you find it good fun to rubbish everything" oooooh, temper, you are getting a little Tiger?

Good fun to see people suffering financially, no, certainly not.
Good fun to see people suffering as a result of not believing facts, well, leave you make your own mind up on that one.

"just be awear", of course I am aware that  there may be agents who did not protect purchasers, but the question should be asked, as you obviously have not considered it, is who should the selling agent be looking after, the one who pays their fees, or Joe Bloggs who attempts to buy a property via them and does not pay them a fee for their services. They are salespeople.

"Solicitors" Ah, well, did you employ the services of a fully registered, independent legal practice with PI?

"because we actually paid them to protect our intrests and advises us if an English solicitor did the same here we would be suing them for malpractice at very least"
So you are saying that you employed the services of a property advisor or agent in Spain. I don't believe many do that as it usually means parting with fees in advance, so, if you used a professional, independent and registered property advisor and not a M. Mouse sales agent, you should not have to serious a problem, because as with a registered, independent legal practice, they will have PI.

All much the same as you quote for UK.

If you used M. Mouse Int. Corp., well, that is a problem.

It is worth seeking legal advice regarding the failure of your professional property advisor, and just ask the simple question regarding PI.

MOre of the same TOSH from you

No offence taken, if meant, as what would one expect from a person who has his head burried in the sand, but to refer to fact and honesty as "TOSH".
At least the idiot managed to spell it correctly. Possibly copied it from MM's postings though.

Hi All

Just got back from holiday, and catching up with (any) news.  Apparently, the big secret financing is BBVA, who are considering financing the project - or so my agent has emailed me this week for the first time in 11 months.  I will believe nothing until I have seen the colour of my money

tracey

 I purchased at almanzora country club before buying at Jumilla. I still get updates from my agent and the developer now that building will begin shortly. These people are the leaches of society! 

Hi all

Did anyone see the TV programme last week about the costa del sol 'the lost paradise'. Part 2 is on this week.  They should be ashamed of themselves leaving people with half built properties.  My heart went out to the chap named wally who had seriously dangerous supplies of electricity and the poor bloke was trying to finish his own property off.  He only had a concrete jungle to look at and said he wished he had never clapped eyes on spain.  It looked more like costa del crap !

Regards Chrissie

Hi All

"BBVA" financing the project, don't think so. They are currently repossing some of San Jose's properties at Playa Golf that San Jose re-mortgaged on, so why would they re-invest in a company that they are trying to get capital back from?

Dave

Hi Dave you are spot on about BBVA  this is just more crap and spin coming from SJ/HdT . Some on here  like (Tony /Brian /SARC ) are waiting for hell to  freeze over , for pigs to  fly and  for a whole month of Sundays , even worse they believe everything that the developer tell them and expect others to listen to and believe the lies . It is just as well we have people on the forum like yourself who know what is  really going on and can tell it as it is .Just a shame that it will as usual fall on deaf ears .

Ps Dave these re mortgaged  properties that BVVA  are repossessing wouldn't be the same properties that you were trying to flog to  forum members a few months ago ? naaaah  couldn't  be  !!!!!!!!!!!!!!!!!!  

Word on the street is that HdT are about to wind up  anyone else heard this  .Admin seem to think that continuing is no longer a viable option .The judge seems to be thinking  the same . Any one heard any thing ?

Hi Magic meg

Naa your right!!! I don't flog properties as you put it, I mearly gave people an alternative way of using the deposits already paid to secure a property. These properties are owned outright by Maher Properties No outstanding mortgages. Despite the slagging off I received on this forum  I still think this is a way for some people without bank guarentees to look at.

BBVA are repossing empty properties that San Jose re-mortgaged. 60 to date have been repossed by both BBVA & CAM Bank that I know of.

All the legal people I've spoken too are of the opinion that its only a matter of time before the judge gives up on San Jose's attempts to refinance any projects and puts the company into full bankruptcy, probaly after the August break?? The administrators are currently allowing cancellation of contracts to those with bank guarentees providing that at first, you can pursuade San Jose to cancel your contract, which at the moment they are reluctant to do as the more people they have on contract the more viable, in their eyes, the projects seem to any potential investers. Of which I don't think there are any!!!!! Despite what some idiots think.

Only my opinion of course and I'm sure it will differ from others.

Cheers

Dave

May only be your opinion Dave but I reckon you are spot on , there are no investors . Who in their right mind would invest in this mob they have broken every rule in the book and continue to treat their customers appallingly and no doubt will continue to do so until the very end . I think the sooner they go under the  better  now , it is inevitable and always has been  so why not just get on with it .Just makes a mockery of the whole system to drag this on any longer  .

Even when it does happen the idiots will find some new piece of nonsense  to hang on to.It  wouldn't surprise me if SARC  keep the dream alive while Almu et al promise to start up a new company to finish SADM  . We may even see Tony and Brian setting up a campaign  to keep their crooked friends out of jail .Some people will always be idiots and will not  listen to good sense even when the truth is staring them in the face .I won't lose sleep over the idiots they only have themselves to blame .

MM

 As a couple who took Dave up on his offer of going out to Spain and viewing what Maher \ Soane Properties had on offer and are now firmly in the process of buying one of the Azencua properties on Playa Golf I with a swap out of our HDT\SJ deposit contract taken as full deposit , we can fully vouch for the introduction that Dave & Linda gave us to Joan soane.

The deal doesn't get you everything back you put in, but it does go a hell of a lot further than sitting and hoping to get your deposit monies back (which aint ever going to happen is it  ).

Plus this way with your deposit contract realised against your purchase you have :

• Peace of mind that you havent lost everything
• The whole HDT\SJ mess can be put behind us
• We can move on with our lives
• Overall we have a decent property (bought at the bottom of the market) in Spain actually in a better location than Santa Ana ever was (IMHO)

You need to wake up and do something before its to late & you lose everything.

I really hope more of you guys take the initiative and get out to Spain to find out whats going on and whats on offer, there are deals to be had out there you dont have to lose everything.

Nigel I am a bit surprised by  your post ,perhaps it would be more appealing to others if you gave facts and figures as to how this deal works .The other thing that is unclear  to me is why you think you can now " put the whole SJ/HdT mess behind you " is Playa Golf not an SJ development .? Is the whole development complete  ie infrastructure finished ,legal,signed off ie Certificates of first habitation in place  , are land titles etc  in place ? is the electric and water supply assured ie  on a  separate metered supply this can only be done once the certificate of first habitation is in place and the whole of the infrastructure is finished and signed off by the council  ?

If this is a SJ development it is highly unlikely any of this is in place and you could be storing up huge problems in the future as it is now for certain that  they are going under !

Have you really bought  in at  the "bottom of the market " if you work out what you are actually paying in total ,I doubt it  ?

I have been very suspicious of this deal and have made no secret of it . In fact I think it is a  "bum"  deal  .

You have not convinced me with anything you have said that it is a good way out for you or anyone else . Please  feel free to give any detailed  facts and  figures that prove this to be a good way out ! I am sorry but I just don't see it .  I do hope you have not had your fingers burned a second time Nigel

This is actually just a scam and I am annoyed that it is being advertised on EOS ( I am sure that Dave encouraged you to post regarding the good deal/introduction/service you received ) .

Have you thought of approaching this company  ( or getting a friend to ) and not telling them you are already a purchaser who stands to loose their deposit .I have and the scam is quite simple .If you approach them as a first time buyer in Spain the price of the property is for example  200.000 E if you approach them as someone with a deposit to loose the deposit is simply added to the purchase price eg 260.000E   .

They  are not interested in your deposit  and will not be chasing SJ to get your deposit back to put towards the sale it makes no difference to them they have achieved a sale way above the market value with or without your deposit .Believe me you have been scammed again .Cheers MM

Justin this type of recommendation should not be allowed on EOS it is a scam and breaks the forum rules re advertising etc   .

This message was last edited by MAGICMEG on 27/06/2009.

MM

No I did not nor would I ask Nigel or anyone else to post on my behalf. It is not a scam as you put it that is just your uninformed opinion.

Yes Playa Golf  has San Jose properties built on it along with at least seven other developers, one whom have gone bust, one(San Jose) is in administration, the other five are continuing to build/sell, so NO it is not a San Jose development. So if you had actually been to the area you would have course have known this.

The properties that Joan Soane Properties are selling on behalf of Maher Properties  have their Habitation Licences, are legal and have been signed off by the Ayunamiento of Orihuela, all utilities are metered  to individual properties, once again if you had actualy been there you of course would know this.

I have never advertised on EOS, that as you well know is against the forum rules,  all I have done is ask people to email or PM me if they want further details, as you did originally. YOU were sent the same information as everyone else and you made your mind up not to pursue it further others did. Some have bought some have not that is up to them NOT you.

Please at least try to get some of your "Facts " right before posting.

Dave

MM

You are quite unbelievable!  Without a trip out to Spain you can't find out anything.

Of course I have undertaken research into the property purchase. I compared the headline price to other identical property (Azucena's & Tulipans) for sale on the development and surrounding developments prior to going out to Spain, plus I got some intell on price point from another EOS member (Claire T), and yes I was wary and cautious as a month prior I had been over to Spain & was offered just such a 'bum' deal scam.

I have copies of the habitation licence, the water and electric are phiscally connected as are the drains. I know this because I have phciscally seen them and as I'm actually in construction I know the difference between builders electric & water and proper metered supplies. I've even swam in the communal pools.

We are now in the process of valuation & mortgage and the banks and  Maher properties are accepting the HDT\SJ Contract as the deposit against the mortgage.

Unless you have a better get out plan then IMHO this is the best deal you can get to stop losing your deposit monies.

No one is advertising anything here, Dave is trying to help & I'm happy to spread the word to other EOS members.

Your caution is understandable but you seem to endlessy post negativity on the forum without any knowledge or true insight which only comes by being on the gorund in Spain in the area which Dave & Linda are (plus others) .

You need to start looking for your exit route before you lose everything. THIS IS WHY I JOINED THE EOS FORUM for help, advice & support, so start giving it, & stop being the ultimate voice of doom.

I have had PM's from other EOS members one who I have directed to Soane Properties & Dave to help & one who just wanted to congratulate me for sorting it out as they did over a year ago when they bought on Playa Golf III. 

Sorry missed a furhter point - Yes the infrastructure is in roads and all, this is the way the cars drive to your house!

You are accusing me of not knowing the facts ,If you read my post you will see I was asking you guys for some facts and figures .Thank you for the info regards the development ,water ,electric,licences etc  I have not been to the site and take your word that all is in order but still no  info regarding figures or the legality of using the deposit as a down payment ie what do Maher do with the  SJ contracts .Do they have to be cancelled, names changed etc .Does handing them over to Maher mean they are no longer legally binding to the purchaser or are SJ drawing up new contracts in  Maher 's name for each property .I am not convinced this is a good way out  and neither of you guys seem able to explain the details and convince me .MM

MM

if you 'pm' myself & Dave, with your email address, I will send you photos & documents I have, I'm sure Dave will give you the financial low down, but I will also give you my take on it but not on open forum as you rightly point out its not the place for facts & figures or advertising.

Many will always blame developers, agents and lawyers. But remember, the "mugs" must take some of the responsibility.
The developers know they are onto a winner. There are always mugs out there.

Can we take it that "Dave" has now risen to be an expert on "the financial low down". I don't suppose he has ever been involved in a deal where he stood to lose money on a property.