Lollypup

Hi

I have a 30% deposit down on 2 properties in Jumilla.   They were supposed to be finished at the end of next month with a further three months build time allowed.  The company has now gone into administration and the likelihood  of them being built is remote.   Apparently the company could be sold off in bits and any new developer doesn't have to honour the contract.  We understood there to be a bank guarantee but have been told that it was for 6.5 million which is not sufficient to give the creditors their money back once those at the top of the list had been paid ie banks etc.   Can this be the case and are we likely to have lost all our money?  In hind site we should have had individual bank guarantees with our name and passport number on.  Unfortunately we were naive and left it in the hands of our solicitor.   Needless to say we have changed our solicitor and are waiting to find out whether we have a case against the original solicitor for not looking after our interests well enough.

Lollypup

See the threads about Residencial Santa Ana - there is lots of ready for you to catch up on.  You are not alone !!

Tracey

Hi Tracey

Thanks for that.  I can't find anything more recent than about 18 months ago, I'm new to this web site so I don't know whether I'm just looking in the wrong place

Lollypup

Hi Lollypup

On the top left of this page, click on forums, then - off plan developements.  you can choose which developments you are interested in - click on Residencial Santa Ana del monte.  There are lots of postings (my last message should have said 'reading') although not all the postings are 'news or information' some are just ramblings and rants.  But I guess that's what happens when people are worried and have no one else to take it out on!

Good luck

tracey

Thanks Tracey, you've been really helpful

Lollypup