Hi goodstich,
To answer your question about the numbers involved in the AIFOS fiasco, I have jotted down 6,234, although I can't find the article in which I read it, so if anyone has any more up to date information please correct me.
We had our "Embargo" allowed by the judge in July 2008, and in January 2009 we actually won our case and AIFOS agreed in writing infront of the Judge to pay us over 80,000 euros within two months. (lol)
By July 2009, when AIFOS was starting to crumble, our lawyers said that our "Embargo" was still going ahead ! but by August AIFOS was bust and we had our 2,000 euros for the "Embargo", refunded from the Court, only to be asked by our lawyer for over 1,000 euros to ensure we were entered correctly onto the AIFOS Creditors List.
If the "Embargo" procedure has worked and we had received our money, then I would be praising it, but since it didn't....................
Our Bank Guarantee was never issued purely and simply because there is a clause in the Contract that says, basically if we require a B.G. or Insurance for the down payments, the seller shall be obliged to provide it after obtaining planning permission, with the costs being with the buyer..........so, since AIFOS never had planning permission, the apartments were never built and the B.G. was therefore never provided...................This Contract was signed on my behalf by my "Independant Spanish Lawyer" , who, as a professional Lawyer was there to ensure that my legal rights were upheld (lol)
After saying all of that, I'm still not sure who to blame, I know they are all at fault, the developer, the bank and the lawyer, but because they have all ignored the Lay 57/68 for forty two years, they have become lax, and the powers that be have allowed them to get away with it !
This message was last edited by belucky358 on 09/03/2011.