Power of Attoney
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Hi
After waiting patiently to purchase off plan for 3.5 years, a property which should have been completed 3 years ago we have advised our solicitor to withdraw.
He has asked for power of attoney to do this and sent a "general power of attoney" - we are uncomfortable with this due to the extent it enables him to exercise in our absence. Is this an unusual request?
What steps does a lawyer need to take to get our money back? We have had 2 guarantee's from the builders bank, the last one ran out June 08 and they have failed to provide a fresh one!
Advice appreciated.
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Dear Rowleyhouse:
Please have answers below in bold green ( same text of your email):
After waiting patiently to purchase off plan for 3.5 years, a property which should have been completed 3 years ago we have advised our solicitor to withdraw.
He has asked for power of attoney to do this and sent a "general power of attoney" - we are uncomfortable with this due to the extent it enables him to exercise in our absence. Is this an unusual request? It is not unusual but it does not mean it is advisable.
What steps does a lawyer need to take to get our money back? We have had 2 guarantee's from the builders bank, the last one ran out June 08 and they have failed to provide a fresh one! No problem about expired Guarantees: http://www.costaluzlawyers.es/index.php?page=bank-guarantee&hl=en_GB
The process initialy consists on an initial attempt for amicable refunding and it failed, an excution of the Guarantee in Courts.
Advice appreciated.
_______________________
Maria L. de Castro, JD, MA
Lawyer
Director www.costaluzlawyers.es
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Thank you.
We have had 2 guarantees but the last one had a finish date of June 08 - is this a problem as the builders have refused a new one, which I believe this cannot legally do.
The money must I assume still be secured - appreciate comments.
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Dear Rowley:
Please have answers below in bold green ( same text of your email):
Thank you.
We have had 2 guarantees but the last one had a finish date of June 08 - is this a problem it is not. Do not pay attention to that and do not spend time on trying to achieve a renewal. Also, some Judges recently are considering that renovating Bank Guarantees impply a tacit extension of the private purchase contract. as the builders have refused a new one, which I believe this cannot legally do.
The money must I assume still be secured It, is. If completion deadline of the contract has been met, you have not expressly and voluntarily grant an extension to developer, and you want to cancel the contract.... go fast and execute it for your money back. if - appreciate comments.
_______________________
Maria L. de Castro, JD, MA
Lawyer
Director www.costaluzlawyers.es
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Con mucho gusto ( a pleasure).
Maria
_______________________
Maria L. de Castro, JD, MA
Lawyer
Director www.costaluzlawyers.es
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Sorry if I am in the wrong section but please could someone recommend some good administrators. We live in Catral, so any companys in the surrounding villages, eg. Almoradi, Rojales.
Thank you.
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