28 Jan 2008 11:19 PM:
Help required please.
There are many of us in the same position. In Aug 2005 I placed a deposit along with many other either before of after this date. It was on a develpment in Estepona. Estepona Beach and Country Club. Our contract says that the development should of been completed in Dec 2007. To date not a single brick has been laid or any work carried out. There is no licence and the marketing company and the developer have joint control on which was approx £26 million of investors money. Some people have transferred to other ongoing developments and no one that I know of has manged to get a refund as yet. It has been blamed of the Marbella money laundering and the fact that licences are not given out. I have requested a full refund but am told they are not in a position to refund????
I now feel the time is to contact a solicitor. Does anyone know if this is common practice to have peoples money for 2.5 years before getting licence. I have 70k invested just as a deposit and so do many of my other contacts. I no longer wish to be involved with this project as the development should of been completed.
Do you think we would have a case? Would we go for the marketing agent who took the money or the developer? Would it be best to use a Spainsh Solicitor or English... I know that we are all worried that we will lose our deposits so we hope to get together and fight as one. Would a Solicitor take on many cases as a block and reduce the costs of going to court and what could we hope to get back. Interest? Court costs?
Please help if you are in the know or have experienced something yourself. We cannot go on waiting .. there has to be a limit on how long a developer can take to get a licence while holding on to vast sums of money.
Many Thanks and any help would be appreciated.
Regards
James
Please help if you can
Thread:
Anyone recommend independent solicitor?
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