**** New Property Developer

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11 Feb 2013 8:19 PM by Quadrus Star rating. 4 posts Send private message

 

This Message
The purpose of this message is to ensure that anyone intending to purchase new property from *****, the most despicable property developer in Spain, is made aware of this company’s illegal and dishonest behaviour in a development that is  a worse abuse of thousands of British subjects and other nationals than the Valencia Land Grab.
 
The list of failures and abuses is endless:
Not finishing the infrastructure of the development and what is built is of a very poor standard. Subsiding Roads that are in a shocking state. Drains overflowing with effluence. Poor or non-existent street lighting, substandard water supply infrastructure. Poor construction of houses with a number subsiding to make them uninhabitable. Not applying for building licences for houses and extras purchased. Not facilitating the provision of Deeds. Not providing any of the correct legal documentations after any new property purchase. Because of their failure to provide Deeds registered at the Land Registry in the name of the purchaser and only registering the land that these properties have been built on in the name of ****, large numbers of Embargoes have been issued by the courts on the land that the courts have assumed are ****'s assets for the many successful claims that have been made against ****. On the court's instructions, this land, along with properties built on it that were purchased and paid for in full by owners still awaiting their Deeds, is now being auctioned to service ****'s debts without the knowledge and to the complete shock to the purchasers and  owners who find themselves homeless at a stroke without any warning whatsoever.
 
The list of all the failures, abuses and the illegal behaviour by the developer **** are too numerous and some complex to list in full here.
 
Warning:
This message is to warn future unwitting buyers of property from **** that this is a Jekyll and Hyde company that does not deserve their custom and could turn their dream into their worst nightmare.
 
**** EOS Forum Rules, does not allow one to name the Developer. 




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11 Feb 2013 9:13 PM by maddiemack Star rating in Grantham, Lincolnshi.... 194 posts Send private message

Quadrus

Since you aren't able to name the developer on this site, is it possible to add a link in order that readers can locate information for themselves and make up their own minds, particularly those that are looking to buy a place in Spain?



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11 Feb 2013 9:46 PM by windtalker Star rating. 1950 posts Send private message

Its pointless naming the developer as M??? they will have the post closed by their lawyers as they have done in the past.





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11 Feb 2013 10:18 PM by Quadrus Star rating. 4 posts Send private message

Maddiemack

Eye on Spain would not let me put a link or an e-mail address.However there is a clue in the previous reply. There is a dilemma here. I do not wish to name the urbanisation. The unfortunate owners have invested hard cash in these properties and I do not want to add further  to their financial woes. On the other hand I want to shout the name of this fraudulent developer from the roof tops. They are currently engaged in several new developments.





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12 Feb 2013 8:00 AM by El alamillo Star rating in Nottingham & El Alam.... 221 posts Send private message

 Hi Quadrus

Have they started building again. I thought that they went bust approx 2 years ago ????????

 

 


This message was last edited by El alamillo on 12/02/2013.

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JB



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12 Feb 2013 9:24 AM by maddiemack Star rating in Grantham, Lincolnshi.... 194 posts Send private message

 OK, I've got it now, thanks.  Yes, when I worked in property sales with a reputable, Spanish, family-owned Company a while back, we were warned about the aforementioned as one to stay well clear of!



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12 Feb 2013 9:45 AM by Quadrus Star rating. 4 posts Send private message

El alamillo

Google the company.





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12 Feb 2013 11:15 AM by nigel188 Star rating in Estepona. 655 posts Send private message

 Hi 

 

Came across this today.

 

http://www.spanishpropertyinsight.com/forums/viewtopic.php?f=2&t=3098

 

Good Luck



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Nigel




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12 Feb 2013 12:13 PM by Quadrus Star rating. 4 posts Send private message

nigel188

The developer under discussion does not appear on the long list of bankruptcies provided which is dated 2008!!





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12 Feb 2013 12:22 PM by nigel188 Star rating in Estepona. 655 posts Send private message

 Hello

 

I am sorry . I have only today asked Martin the Author for an updated list.When I receive it I will post it on this froum.

 

Regards



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Nigel




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12 Feb 2013 12:30 PM by El alamillo Star rating in Nottingham & El Alam.... 221 posts Send private message

Interesting Reading.

I  would also worry if I purchased a property.

http://en.wikipedia.org/wiki/1966_Palomares_B-52_crash

Built by another developer who also built in the area that you refer too

who has since gone Bust



_______________________
JB



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12 Feb 2013 4:43 PM by nigel188 Star rating in Estepona. 655 posts Send private message

 Hi There

Martin de la Herran from Abolex-Spanish Lawyers has just given me some more information.

There is a useful tool to find out if a certain company is already under Court administration.

 

This is the public bankruptcies registry:   http://www.publicidadconcursal.es

 

Although it all in Spanish

 

Regards

 



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Nigel




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