Buying Abroad Problems

marke21

Hi,

I have invested in 2 villas in Spain. The agreement was set up by a family friend at the time. They were supposed to have been built within 18mnths - 2 yrs but it has now been 6 years. I was supposed to have an interest payment every year but have only received one. I have been paying an extra £330 per month on my mortgage to pay for this and have been advised not to pull out as I would lose it all. I have tried contacting the "family friend" but he just leaves me in circles. Is there any thing I can do to check this out and if it's not happening how I can get my money out legally.

Please help as I am at a loss.



Mark

Cannon_Fodder

Its going to be difficult for anyone to here to help you, as there is too little information;

What have you signed.
Does the scheme have a name/type.
In what location.
Involving which Organisations that someone might have heard of.

...?

Did you involve your own solicitor in reviewing any paperwork ?

Think you might be left with the option of getting some big mates with crowbars to corner your family friend.

lincroft1710

I'm sorry but I think you may have lost your money. How much have you paid to the fiend (not a spelling mistake, he's no "friend")?

G_M

What country?
Did you use UK or overseas solicitors?
Do you own the land?
Who is the builder?
What is the contractual arrangement with the builder?
Who is supposed to be paying you the 'interest payment' each year?
Interest in what? What is the payment in return for?
What does the contract say?

marke21

Sorry for the late response, I have not checked this website for ages...

The villas were to be built in Alicante, I do not own the land, the builders were Spanish based, the organisation was a run by this "family friend" - Gary Carter and a second partner by the name of Alain DeBrauwer (chuck that in google and see what comes up), I did not deal with the builder directly but through a company called "Maxina Investments", the interest payment was supposed to come from interest returned from the company (I dont know the intricacies of it all)

Bear in mind that this was a long time ago, I had not properly pursued it for several years and am now gravely concerned about my money. I have been in contact with other investers on other forums who are confident this is a scam and I now need to know how I can get my money back.

If anyone has been in a similar situation or knows the procedure on how to bring this to justice, please advise,

Many Thanks

Mark

G_M

Well, let's see. You invested some money in a scheme/company but

dont know the intricacies of it all

You (apparantly) didn't get legal advice.
then you sat back for 6 years.
Then you posted a query here, with minimal details and

have not checked this website for ages

errr.. 13 months actually.

All I can say is you've been naive. It's a scam. And you're unlikely to see your money.

All I can imagine you can do is bring a legal action, based on whatever contract you have (if any!) against whoever is named on that contract, presumably in a Spanish court.

Hate to say it but..... good luck with that!

Thrugelmir

marke21 wrote: »

If anyone has been in a similar situation or knows the procedure on how to bring this to justice, please advise,

Doubt that you'll ever get satisfactory resolution now.

james_toney

sounds like you have more money than sense, if you have been paying out £330 a month for 6 years.

dont think you will see any money again from this, sorry if sounds harsh

geoffky

you fool...next time go to a inside track seminar..:cool:


your money is well gone...

Thrugelmir

but through a company called "Maxina Investments",

Last accounts for the Company were filed up to 31/10/2006.

The Company was dissolved in 2008.

The horse has well and truly bolted.