Bufete de Abogados Law Firm Anwaltskanzlei

Avenida del Mediterrneo 16, bajo. Apdo Correos 187

03140 Guardamar del Segura (Alicante). Espaa
Tel: +34 96 572 72 95 Fax: +34 96 572 74 11
info@gmlegalexperts.com
www.gmlegalexperts.com
blog.gmlegalexperts.com

SANTA ANA DEL MONTE MEETING WITH PURCHASERS

Guardamar del Segura, October 19th, 2015

Dear Sir, Madam,

We are writing to you with regards to the deposit you paid to Grupo San Jose for the off plan
properties they were developing in Jumilla, Santa Ana del Monte, which havent been built.
Our Law Firm is specialized in Real Estate Law, Financial Law and Consumers protection Law,
and we are proud to say that we have already helped may purchasers to get back their deposits,
plus legal interest since payment to developer (about 4% every year). We not only sued depositary
Banks, but also Banks who should be legally considered as a guarantors.
Our claims are based in the Generic Bank Guarantee agreements that Grupo San Jose: Herrada
del Tollo signed with Banks and Insurance Companies where they committed to produce
individual bank guarantees for every purchaser under the provisions of the 57/68 Act.
Unfortunately just a few valid individual bank guarantees were given, and most of buyers never got
one.
We do understand that the generic bank guarantee is legally sufficient to support Banks liability for
deposits and legal interest, because lack of individual bank guarantee is not enforceable to buyers,
whose rights cant be limited or waived just because Banks and Developers violated their
obligations.
Luckily, Spanish High Court has endorsed this interpretation of the 57/68 Act on the judgement
dated on 09/23/2015, which establishes that Banks are liable if Generic Bank Guarantee
Agreements were signed with Developers, although no individual bank guarantees werent made,
given that 57/68 Act is a mandatory Law, so the rights that recognizes to purchasers cant be
waived.
The bad news is that Spanish Government has repealed 57/68 Act, and from January 2016
deposits for off plan properties will be covered just when the building permission is approved (and
this is not the case for Santa Ana del Monte). Furthermore, the period to claim has been reduced
from 15 years to only 5 years time.
For the aforementioned reasons, we highly advise every purchaser of Santa Ana del Monte, of any
other off plan property, to start proceedings as soon as possible. To make it easier, our Law Firm is
offering unbeatable conditions to buyers, who could join one of the class actions that we are
preparing.
We would like to inform you that we are organizing meetings with purchasers in UK and in Madrid
over the next few weeks. We would mind to organize meeting anywhere else for big groups.
Attendance to meetings is free.

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Bufete de Abogados Law Firm Anwaltskanzlei

Avenida del Mediterrneo 16, bajo. Apdo Correos 187
03140 Guardamar del Segura (Alicante). Espaa
Tel: +34 96 572 72 95 Fax: +34 96 572 74 11
info@gmlegalexperts.com
www.gmlegalexperts.com
blog.gmlegalexperts.com

We are about to confirm dates and locations, but if you would like to attend to one of our meetings,
we would be much obliged if you contact us as soon as possible. Our contact details are:
E-mail: info@gmlegalexperts.com
Tel: 96 572 72 95
Website: www.gmlegalexperts.com
As soon as we confirm dates and location, we will report them to all those who got in touch with us.
Finally, if you would like to know more about our Law Firm or professional skills, you would highly
advise you to visit our website and access to the Legal Blog, where our team of lawyer explains
details of the cases we won.
Should you have any questions, please do not hesitate to contact us.
Yours faithfully,

Guadalupe Snchez Baena. Lawyer

GM LEGAL EXPERTS

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