More Doom and Gloom for Spain

[Contracts4Trade]

Originally Posted by roxanne

Hi My name is Roxanne,
I work as an intermediary with the Spanish banks,we have numerous developments that we have to move constantly because developers are defaulting on the mortgage payments.
One example is a development of 35 townhouses that we can release for 59% of current value.
If anybody has an outlet we could work well together.

Hi Roxanne,

Do you have any purchase contracts available from clients wishing to sell-on?

I have investors looking for legal developments and are prepared to take on mortgages when completion is due.

Keith.

[roxanne]

hello,
The development we are working on at the moment is a group of 31 townhouses they are in San Miguel de salinas,Alicante,Costa Blanca.
They are 110m2, 3 bed,3 bath with underground parkings and 25m2 storerooms.
We have 2 seperate valuations on them at 293,000€ and 288,000€,the bank will release them all togethether or at the individual price of 176,000€.
I will email details to those who have asked.
We do deal with a developer that has people defaulting on their completions of purchase contracts,i will ask my colleague who deals with this for his advice.
Thank you

[Buddyfox]

I look forward to hearing from you
steve

steve.spain@hotmail.com

[Contracts4Trade]

Thanks Roxanne,

I need to find over 50 purchase contracts at at least 60% below the original buyers price. i.e if they have paid €80,000 so far, my investors are prepared to take them on for €32,000 or less. The longer the contracts have to run the better.

[roxanne]

Keith- i will ask my colleagues for more info for you.

Buddyfox-i sent you an email but it failed,i will try again.

[Buddyfox]

it should be ok roxanne. i am receiving emails through on that account

regards

steve

[roxanne]

Steve,
I have sent it on my colleagues email again in case it is a problem with mine.
Roxanne

[roxanne]

Damian George
How do i get a message to you,sorry i am new to these forums.
Roxanne

[Damian George]

damian@tri-fx.com

[Damian George]

just when you think things cant get any worse - ECB's Weber said investors should prepare for an increase in interest rates.