Quote:
Originally Posted by Marben
Hi Keith
You are correct in that Manzanares are making a charge for the litigation involved in administrating the Bank Guarantees. This charge is indeed 500€ and i appreciate that some buyers may think this is a heavy charge on their part. However like any business they need to ensure there time is covered and I can advise that Manzanares have spent a huge amount of time with me over the last few weeks in order to ensure that clients are being advised correctly as to the situation with GS and the actions required in order to administer the bank guarantees moving forward. I personally feel it is a fair charge in order to ensure all buyers recieve their due monies from GS.
Thanks
Lisa
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Yes. If they succeed in getting the deposits back for their clients it will be a very worthwhile investment...especially the penthouse deposits. The changes in exchange rates with the Euro strengthening will go a little way to cover the losses through fee's etc.
K