I posted a message last night (earlier this morning). I need to know if swapping to the purchase of parking spaces is sensible, feasible etc. OR whether it would generally make more sense to wait until after the preliminary hearing and seek a revised offer/solution from Aifos.
Copy of earlier message:
Our case against Aifos is due to go for the preliminary hearing on 4th February. Lawyers have notified us with options to SWAP to other properties. Aifos have offered a number of properties in four categories as follows (our lawyers quote):
1. The houses included on the point. Those properties has not habitation licence and not finished yet. All of them with mortgage. - would they ever be completed and obtain their licences??????
2.- Does properties are finished and could have habitation licence (we should investigate). With mortgage.
3.- Properties without construction at all. - WHY offer these at all???????
4.- Apartments and stores. All of them are finish and registered (Aifos says). Ready to be resell after you completion.
I have highlighted points 2 & 4 for the following reasons. The properties offered in point 2 are all smaller than the original property we were buying, they have less bedrooms and are far more expensive. No discount is being given either. They would require us to raise more capital to enable us to swap. We DON'T have the means to raise the capital (credit crunch reality check).
Point 4 refers to apartments and stores - in fact they are PARKING spaces ONLY. Whilst we appreciate they are assets, we don't understand how we can market or resell them if we were to choose this option. If anyone could help with advice on this point, please reply.
They have had our money since 2004. We have, like many other people been trying to recover our deposit for a couple of years. A straight swap takes no account of appreciation and compensation which IS being claimed through the courts.
We're not sure whether we should take the parking spaces or whether to allow the hearing to take place on Wednesday and then seek a better deal from Aifos to reflect legal costs, appreciation, compensation.
Has anyone had any luck with obtaining their money back or a reasonable alternative deal with Aifos after the preliminary hearing?