Money Recover from property off plan not finished

property-law-orihuela-costa-torrevieja-alicante-spain.png

DID YOU LOSE YOUR DEPOSIT WHEN YOU BOUGHT YOUR PROPERTY OFF PLAN IN COSTA BLANCA AREA?

NOW YOU COULD RECOVER YOUR MONEY

If you bought a property off plan  in Spain which was not finished, because the builder or the property developer  went to bankrupt, you could get your money back now.

The Spanish High Court, in its judgment of 21 st of December 733/ 2015 stated the liability of BANKS,  obliging them to pay the buyers their money back.  The Spanish High Court has  stated: ( …) ”   Banks are responsible of giving the money back to the buyers. ( …)

According to the afore mentioned resolution, those buyers who paid a deposit to buy a property off plan, which was not finished by the property developer,  they could recover the money paid, even the builder  went to  bankrupt.

The reason given by the Spanish High Court is BANKS had the obligation of opening an “special account  linked with a bank guarantee, according to the Law 57/  1968 27 th of July. Banks should deposit the money paid by the buyers in that special account in order to guarantee the money back to the  buyers in case their properties  were not finally finished by the builder.

However, as banks did  not accomplish to the Law 57/ 1968,  they are responsible  to pay the money back to the buyers, according to the Spanish High Court judgment.

Our  property lawyers will advise you about the documents you need  in order to claim your money back. Our office is  based in Costa Blanca area,  Playa Flamenca, Orihuela Costa and Torrevieja.

For further information, please contact us through the phone number below or either by e  mail address.

Lourdes Fernandez, Partner,  Abogada at Fernández Abogados-Lawyers

Lawyer based in Orihuela Costa – Torrevieja, Costa Blanca.

Email: lourdes@fernandezabogados.es  

Phone:  0034 966730264

Leave a Reply


abogados_en_orihuela_costa_playa_flamenca

Fernández Abogados - Lawyers is a full- service  Law Firm located in Orihuela Costa, Playa Flamenca, Alicante.

The Law firm is widely experience in Family Law and Inheritance Law, Civil Law and Criminal Law. We are also jurist specializing on international Law.

 

CONTACT

 +34 966 730 264

info@fernandezabogado.es

Pablo Picasso, 1-2º local 10 
Playa Flamenca 03189 (Orihuela Costa) 

LOCATION