Bárcenas’ ‘back-handers’ denied by Spain’s president
20 January 2013 @ 11:17
|Banco de Valencia to shut nine in 10 branches and axe 890 jobs thinkSPAIN , Wednesday, January 16, 2013|
|BANCO de Valencia is about to close 90 per cent of its branches in compliance with terms laid down by the European Commission.
The ailing financial institution, which has been bailed out by the Ordered Bank Restructuring Fund (FROB), will shortly be bought for a euro by CaixaBank.
It has notified 890 of its 1,615 members of staff that they will be made redundant by the middle of February, and then will shut nine in 10 of its 350 branch offices.
Most of those affected by the closure are outside the Valencia region.
The bank has offered preferential early retirement terms to as many employees aged 50 and over as possible, to cut down on the number of people it leaves propping up the dole queue.
It has until December this year to complete the shut-down process.
- Spanish judges hold former Caja Madrid chief in jail (irishtimes.com)
- Judge orders former Caja Madrid chief to be returned to jail (elpais.com)
Well done to CPC Holdings and Aguera y Arrebola.
Aroca Seiquer – surely not the Lawyers still trading in Torrevieja?? Is this the same firm who claim on their website:
“Every client using AROCA SEIQUER & ASOCIADOS’ services is
certain that theirs is our cause and that we will be unstinting in
our efforts to ensure a satisfactory result.
One of the most relevant activities in this firm is the
comprehensive expert advice we offer on Foreign Investments in
Spain, and particularly in the Costa Blanca.
But it is undoubtedly our wide offer of legal services that
allows us to attend with all guarantees to any legal contingency
that our clients may be faced with”.
Unstinting efforts for a satisfactory result, expert advice on Foreign Investments on the Costa Blanca, all guarantees to any legal contingency – REALLY????
If this is the same firm then what do they have to say about the mess they left their Tecnologia clients in? Surely somebody must report them to the Bar Association.
More residents join the fight to save their homes
Nigel and Debbie Potter and Lesley and Richard Lansdown are just two of a dozen couples who bought TU houses in Lo Crispin, Algorfa. The problems they have are almost identical to Bosque del Lomas; the only difference is the banks that were used for the mortgages.
Both couples bought off plan through Atlas International in 2004 and used Aroca Seiquer Solicitors and both paid in full for their properties only to discover eight years later that a mortgage had been taken out on the houses by TU and they will now, if they don’t fight, lose them.
Their community, Vista Rosa, has 99 houses; many of which remain unsold and are now decaying. Both told RTN how they were fobbed off by the solicitors every time they went to ask for their title deeds when they came over on holiday. “It drove my wife mad,” Nigel commented, “We’d spend all our holidays traipsing to their office and back and always got pushed from pillar to post.”
Thanks to RTN’s article about the plight of the Bosque del Lomas residents, the two couples realised that they were in the same situation and have since joined the Bosque residents to fight for their homes. “Our children’s inheritance is at stake,” commented Lesley, “We have been totally fleeced and made to feel like it was our fault that we paid up front in full.”
Both couples paid their cash at the builders’ office in Torrevieja, whilst being accompanied by an Atlas representative. “There were loads of us,” said Nigel, “It was like a cattle market and we watched our hard earned cash go through a counting machine in front of us. I wish to God we had not bought the house, but we did and we will continue to fight for it.”
*** STOP PRESS ***
At 3pm yesterday afternoon (Thursday) CAM Bank announced that the auction of the houses on Bosque del Lomas III has been postponed indefinitely.
More on this in next week’s RTN.
- Words of Kindness – What really matters (cpcholding.wordpress.com)
21 June 2012 Written by Louise Clarke ( Roundtown News ).
Auction stopped in the nick of time
IT STARTED in March with an article in RTN and after weeks of legal wrangling, the residents of Bosque del Lomas III in Orihuela Costa found out last week that the auction which was due to take place yesterday (Thursday) has been cancelled.
RTN’s article featured Iwan and Gill Williams who had bought their dream home in the sun and paid for it in full only to have it re-mortgaged by rogue building firm Tecnologia Urbanistica S.L. Their house, along with 15 others on the community, all paid for in full, were due to be auctioned by CAM bank, whom the builder had remortgaged the properties with.
As soon as RTN’s article was published, more homeowners came forward to say that they were in the same situation. CPC Holdings, who had read RTN’s article contacted them all and instructed their Spanish solicitors, Agüera y Arrebola, to fight for the group, which by that stage amounted to more than 20 Tecnologia ‘victims’.
The pattern of each purchase was almost identical; all had used Atlas International as agents and Aroca Seiquer as solicitors on the recommendation of Atlas.
It was only when the deeds of the house failed to materialise that the homeowners realised that there may be a problem with their ‘dream house in the sun’.
The cancellation of the auction is a very positive step and one that has come as a direct result of all the hard work by the legal team representing the homeowners. Nikki Crozier from CPC Holdings told RTN: “I cannot express in words how delighted we are at the recent victory in the courts for our clients. It is a testament to their combined fighting spirit that they trusted us to win this case for them. No-one can imagine the horror of finding out that the property you purchased was in the process of been sold and you were to be thrown on the streets.” She added: “In less than three months our Spanish Barristers, Tomas Agüera and Jose Manuel Arrebola, have succeeded in suspending the auction indefinitely.”
But that is only one bank which has been stopped from repossessing and selling on these people’s houses. There are three other banks which have vested interests in Tecnologia houses all over the southern Costa Blanca. So, the fight is by no means over and soon criminal charges will be brought against the rogue builder in an attempt to not get the money back, because that is long gone, but to get some justice for the years of stress and upset that his selfish, greedy, and frankly fraudulent actions have caused these poor people. Nikki concluded: “Our clients can now live in peace whilst we file claims with the liquidator, criminal claims, obtain escrituras and regularise the development itself.”
In the nick of time. Well done to our legal team.