10 Nov 2009 12:35 PM:

Thankyou for your comments, they are really helpful...

Keith, I am not very knowledgeable on legal matters in Spain (or the UK for that matter!), and I appreciate you taking time to comment in depth, thankyou. Rather naively we did not have our own solicitor when we sent the deposits to Spain, we sent them to the solicitor used by Palmera Properties, as the money went into the lawyers account I think, to be then sent to the builder, so on that point, I realise we did not have a solicitor ourselves.

We purchased with the intention of buy to turn, selling before completion. We were very gullible and borrowed to invest in 3 properties, two with Inroal, one with Palmera Promociones I think they were called. We lost all 3 deposits (and are still paying the loans!).

We have no money to appoint a solicitor to act for us, and furthermore, we do not know whether people have been successful in obtaining deposit refunds from either builder, it would be great to hear of others experiences. We would like to achieve closure as we cannot move on because of the what if's.

Thanks to those who take the time to read and comment, much appreciated. I realise we are not in isolation in this situation, and there are other people in this unfortunate situation, but hopefully some people have had success in getting their deposits back from the two builders mentioned.

 

Thread: hi, anybody had any success getting deposit refunds from builder?

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09 Nov 2009 5:49 PM:

Hi Joan thanks for the reply,

We purchased through Palmera Properties and one apartment was at Envia Golf and the other on the proposed Azahar development through Inroal.We do not have a bank guarantee or insurance, and the solicitor we used (through Palmera Properties) was merely for the transfer of deposit monies to the relevant account. Any advice is much appreciated, though we do not have any money to pay a solicitor upfront to take this further.

Have people had any success in securing deposits back from Inroal?

Thanks

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Thread: hi, anybody had any success getting deposit refunds from builder?

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08 Nov 2009 12:00 AM:

we purchased two properties from a builder in Spain and did not complete on them - the builder said they would refund our deposits but we have not yet had these back, it's now 3 years later. Does anybody know of a solicitor who will act on a no win no fee basis to try and get the deposits back? Also, has anyone had any success in obtaining a refund of their deposits? Any advice appreciated, thanks.

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Thread: hi, anybody had any success getting deposit refunds from builder?

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