Ocean View Properties

[Unregistered]

Talked again today about way forward. Main protagonists met last Thursday and another meeting of agents tomorrow afternoon. Believe me i am awaiting outcome of this as much as everyone else. Delaying tactics as always but unlike others i am keeping this line of contact open. When i hear anything, which may be next week i will post outcome. If not i will give phone number of correct people to contact but at present inundating them with calls is not way forward. Honestly still believe we will get out.
For those of you who believe we should have been given our money back with interest, i agree. We didnt but at least they have not gone away. Do not abuse this post please because i am knee deep in this crap as well and will always post anything i hear whether lies or not.

JC

[Unregistered]

I wrote to him a month ago - same letter that went to my MP, Watchdog, You and Yours etc etc and I didn't even get an acknowledgment - let alone a reply. I think his only use is keeping the issue in the public domain - regardless of how accurate his reporting is.

[Joey123]

JC, No one will blame your for your optimism (desperation). Regretably, I have looked closely at the accounts for the OVPI filed at Companies House to 31/10/06, and the prior year. My conclusion is the money has been spent. In terms of refunds, that must render it not possible. The options they may mention will be the old hat of swapping to another development, which from other people's experience probably will not work as the money does not seem to be there to pass to another developer (and hasn't been according to those who went through this process). An alternative is to "help" you buy a heavily discounted (compared the the original prices at the height of the market) built property elsewhere. Just maybe less then you might be able to negotiate yourself. Your deposit will not be available to off-set the purchase price. Given that, if you want a property in Spain, just buy it yourself at the bargain prices there are to be had, make sure it is built, get a FULL structural survey and only use decent recomended laywers - such as Maria De Castro - see the Eye on Spain forum. But for heavens sake, remember these people are under heavy investigation and let you down in the first place. Proceed with caution! Good luck. Finally, if the directors/OVP are still talking to you, they should not be, report them to the Insolvency Service. OVPI/directors etc. are under investigation and in the company is Liquidation.
J

[Unregistered]

I too have heard that certain parties are trying to resurrect the relationship with RM and get him to sign contracts for those who opted to transfer to the Tafedna Bay site. So there is still a glimmer of hope. If you google Tafedna Bay there is a good deal of info. The only way I could see that I might get my deposit back was this route. Glass half full perhaps but always the optimist!

Tried in vain to get info from L A of conveyancing Spain as to how monies left the client account that she was joint signatory on whilst waiting for occupational license to be granted. There was always a risk because of no bank guarantee until the Occ Lic had been granted but LA assured me that was why she was joint signatory on the account to protect my deposit. The money could not go anywhere without her signature so there's a starting place for the crime squad. Also, I was told that OV had criminal activity insurance -never saw the certifcate though but again if it is found and fraud has occured could we claim redress from the insurer perhaps?

I also bought on G of M and EBCC thinking I would reduce the risk with different developers.
The former looks like a concentration camp so I doubt I'll be taking any bookings for a while. Any takers? Property not built yet though as developer run out of funds and blaming O/View. Still at least I still have the glossy brochure to treasure with the beautiful pictures of what could have been. The dangers of buying off-plan I guess!
Still waiting to see what Town Hall say as they won't want to see a site unfinished. Bank guarantee was a sham so no redress there for developer breaching contract. Only hope is that the developer's lender is obliged to take it over to get their money back and subrogate the mortgages to distressed buyers. Again the bank would have to make the site good as nobody would buy. Perhaps the G of M Country club will look like the O/V glossy brochure after all. Just can't kick the optimism out of me!

I will continue to find solutions only in getting back all monies owed to me and help as many other people when I find out more stuff. I really sympathise with everyone.
I know its hard when we have lost so much money but lets just try and stay positive.

Take care all, The Optimist

[Joey123]

Optimist - get as good dual qualified laywer Spain/UK and sue the arse off LA's insurance policy for the EBCC mess, transfer or no transfer
J

[Unregistered]

Hi,
I have just managed internet access after a year absent & have just realised about this mess with ocean view properties!!! Can anyone tell me what I should be doing regarding my investments. I transferred from estepona beach to tafedna bay april of last year (2008) & signed new contracts. Who should I contact. I have not contacted anyone yet.

[Unregistered]

have you contacted the agent that helped transfer your funds and signed contracts to Tafedna Bay?

if so what has he said. i am in the same position my agent assures me that we are in the process of getting our deposits back. i believe meetings have been taking place but no updates have been posted.