Originally Posted by CAROL ELIZABETH (Post 7548981)

Emailling from the Algarve. Superb weather. No real new news from our solicitor. We have not been accepted as creditors which he seems to imply is good. i.e. we have a contract with them which he says they have breached - although I have no evidence how the case is being developed to prove this. However, they have to do something with us if they eventually want to sell the apartment - and the banks are holding 80%/70% mortgages on it. Could they sue us to complete? However the solicitor seems to think it will take time and so I have to appreciate his honesty on this. I am just worried they will at some stage hold us to the contract - apparently that is what would happen in Portugal. It is still difficult to get any clarity about this. We are worried about following up other possibilities (resales) without real clarity about this although we have seen a very nice resale on Rago 2 at a reasonable price with great views. Still rather more than we had left to pay on our prevvious puchase and all the others we saw at our price were not very good. However, we have decided we cannot do anything until our position is clear.

Our solicitor made a suggestion. On the face of it it seems a good idea but it needs some thought. The suggestion is to swop the apartment for a plot- Fadesa had sold all the plots but loads have come back due to speculators who bought loads but could not complete. As the plots do not hold mortgages on them Fadesa are willing to swop. It releases a property and then allows the purchaser to sell the plot. I checked with one of the agents and they have sold plots - lower than original price but I can take a cut due to the euro difference from when I paid the deposits. What we would need to do is share a plot with someone else - i.e. enter into an agreement with someone else who has paid a deposit so that we don't have to pay out anything more - we would need to hope that our joint spend so far is equal to a plot cost plus IVA - I hear they will take a 15% reduction - complete on it and then try and sell it - coming down by 30% will still result in breakeven and would be quicker than waiting to see if we get anything back from this fiasco. What possible issues could there be other than not managing to sell the plot? I just wonder whether it is worth waiting but the solicitor reckons it will take at least a year and a half.

Anyway sun is shining here and it is lovely. Has been a strange sort of holiday trying to sort things out, look at property to gauge how things are going and to try and have a bit of a holiday. Frankly we have had enough so we are doing no more this holiday. What do people think about the plot idea? Global minds should be able to see the hitches!
Carol

Originally Posted by Jur (Post 7551125)

Old! Not a clue, on the ruins at the top of the hotel stands now Ayamonte´s Parador hotel.

Originally Posted by Jon-Bxl (Post 7553006)

Glad you 2 are getting along now! :)

Originally Posted by Jon-Bxl (Post 7553006)

Glad you 2 are getting along now! :)

Originally Posted by jdr (Post 7553028)

The pic of my little white village did the trick. ;-) ;-)

Originally Posted by Carol&John (Post 7553350)

Hi folks,
Good news about money coming your way, jon-bxl.:thumbup:
Carol E, (or John & Kath perhaps?), what is the position on plot owners and the Mancomunidad regarding fees?
Best wishes,
Carol

Originally Posted by Carol&John (Post 7553454)

Re: jur's pics. Aren't you too young to be "going all nostalgic" (lol:thumbup:)?

Originally Posted by CAROL ELIZABETH (Post 7555141)

...Carol had a fab walk through the Mata National Park close to Tavira crossing streams did not see a soul. Loads of bird life.
Also recommend a visit to the Isle of Armona, ferry from Olhao about 3 euros return, no cars, lots of beach few people one or two bars and restaurants good one at the end of the path to the beach. So have done plenty apart from fret about property. Home tomorrow.

Originally Posted by Jur (Post 7555819)

I´m an old soul ! :)

Originally Posted by Carol&John (Post 7553454)

Re: jur's pics. Aren't you too young to be "going all nostalgic" (lol:thumbup:)?

Jon,
Hadn't someone mentioned the mosquitoes and had a nasty reaction to their bite recently? IMO, need to watch out for the Asian Tiger Mosquito :ohmy:
http://en.wikipedia.org/wiki/Asian_tiger_mosquito
Someone said you can hear 'em before they land. Well, that's for sure, because sometimes it's like "squadron"! lol

Originally Posted by CAROL ELIZABETH (Post 7555141)

Hi Jon
Thanks for the good overview we are trying to think through all options or we will be even older and greyer (or at least Pete will be - I don't do grey), before we get that place sorted. And I am working hard to keep Pete interested. Lastest is just to start again. Present prices make it possible. Difficulty is getting assurances that we won't be in breach with our original purchase.

Carol had a fab walk through the Mata National Park close to Tavira crossing streams did not see a soul. Loads of bird life.
Also recommend a visit to the Isle of Armona, ferry from Olhao about 3 euros return, no cars, lots of beach few people one or two bars and restaurants good one at the end of the path to the beach. So have done plenty apart from fret about property. Home tomorrow.