Hope this is the correct thread!
We invested in 2 investment properties in Marbella, Spain, nearly 3 years ago now with the then "Royal Marbell Group".
Apart from the fact that one developments is delayed (by 2 years, namely Aldea Beach), we have just had email confirmation that the other one is now not going ahead at all due to planning issues (even though I have an email on file from the MD of the company dated Dec 2005 informing us that the site was under construction!) - The "revised" completion date for this was meant to be early 2007!!
Needless to say we are more than a little annoyed by this and due to the general lack of response of the developer (now Roayl Duja Group) we are looking to start the ball rolling re the return of our monies, including the 6% interest that our contract mentions (relative to the Law 57/1968).
Now our initial deposit and investment monies are supposed to be in a "client account", we have signed contracts, but yes, foolishly used their reccomended solicitor, who shall remain nameless but are obviously linked to the developer themselves as they never return our calls or emails.
Can anyone help recomend or point us in the right direction of who/where to start on this and best guess on our expected costs/ timescale and likelyhood of success?!!!
We have ALL documentation (including signed contracts, sales receipts and for monies deposited to date and emails on file relating to ongoing correspondance) on file. We are however confused about who holds or where the Bank Guarantee paperwork is?!
The developer is telling us that they passed all deposit monies to the developer and that the developer has in turn issued them back with "pagare" (read post dated) cheques dated 31st November 2007, and as such we cannot get our money back until then - why if the development is not going ahead, and whats happened to our client account!!!
Would welcome any suggestions or personally recomended points of contact - PM me if you would prefer, I don't mind either way.
Thanks in advance.
Justin
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