BANCO SABADELL must return almost 300,000 Euros including interest & costs to a British couple for a failed off-plan property development in La Campaneta, Orihuela.

This was ordered on 9th January 2018 by the First Instance Court Number 2 in Orihuela, Alicante, Spain. The responsibility derives from the legal obligations of the Bank according to Spanish Law, LEY 57/1968.  Banco CAM (now Banco SABADELL) accepted the buyers off-plan deposits into accounts … [Read more...]

New case won: SABADELL SOLBANK must return almost 500,000 Euros to buyers at the Cala Romántica development in Mallorca for a failed off plan property development.

This was ordered on 19th December 2017 by the First Instance Court Number 8 of Marbella, Malaga, Spain. The responsibility derives from the issuance by BANCO CAM (now SABADELL SOLBANK) of a General Line of Guarantees for the refund of advanced payments according to Law 57/1968.   This is a new … [Read more...]

45 Cases Won against Banks in 2017

  1525/2014 ORIHUELA P1 SGR, BBVA, BANCO SABADELL HERRADA DEL TOLLO S.L. SANTA ANA DEL MONTE 1227/2015 GRANADA P2 BANCO SABADELL RUDINA MIRADOR DE IZNALLOZ 1486/2016 ELCHE P1 BBVA (CATALUNYA BANC SA) BRONCHO PROMOCIONES LA TERCIA … [Read more...]

Spain’s IRPH Mortgages to be revised by Europe?

Clients with mortgages linked to the IRPH index in Spain aim to refer their case to the European courts. They have been encouraged by the vote of two Supreme Court Magistrates who believe that the clause does not meet the required transparency control. On November 22, Spain’s Supreme Court ruled … [Read more...]

Costaluz won 42 times against banks so far in 2017

CITY COURT BANK / INSURER PROMOTOR DEVELOPMENT ORIHUELA P1 SGR, BBVA, BANCO SABADELL HERRADA DEL TOLLO S.L. SANTA ANA DEL MONTE GRANADA P2 BANCO SABADELL RUDINA MIRADOR DE IZNALLOZ ELCHE P1 BBVA (CATALUNYA BANC SA) BRONCHO PROMOCIONES LA TERCIA … [Read more...]

Stop negative equity in Spain

There are hundreds of buyers with negative equity in Spain as they were granted huge mortgages during the real estate/ financial boom for properties that have suffered a dramatic value loss along the last years. Once the bubble burst and many property buyers were over debiting, Spain Government … [Read more...]

Responsibility of the bank in urban unlawfulness

La Reserva de Marbella was one of the illegal developments that, nevertheless, was finished and “occupied" by its buyers. In these cases where the buyer signs a Notary sales deed for the purchase of a non-licensed house, he is placed in a legal "limbo" in which he can "occupy" his property - … [Read more...]

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