We bought an apartment in 2006 from Tasa on the costa esuri development.
This was supposed to complete in April 2008. In October 2008 building work stopped. In total we paid £43,000 including legal fees we have paid in exccess of £50,000. We have been suing since June last year, and this week were told Tasa is under court administration and we are now a creditor.
Does anyone else have experience of this...
Our solicitor want's us to pay to attend the creditors meeting...is this a lost cause? We dont want to spend more money if the reality is that we will not gert any money back.
Furthermore, does anyone have insight into the bank guarantees which are supposed to protect out money...ours ran out...should this not be automatically extended by the banks where property is not complete. Why does the spanish law require a bank guarantee if they dont guarantee anything.
Are there any other tasa buyers out there who we could talk to...
any help or advice is very much appreciated