RTN NORTH 645

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north EDITION Police standoff with protesters Police resorted to chasing students and schoolchildren around the streets of Valencia on Monday, wielding batons in an effort to control demonstrators throwing bottles. p4

Employment opportunity in Germany The city of Alicante is supporting young people in their efforts to find their first job, even if that job is elsewhere in Europe. 36 candidates are to travel to Germany on a two month training contract. p6

Improve your garden with trees If you need to improve your garden evaluate the stock of trees and decide which you want to keep and those that can be dispensed with. p34

RTN Special Offer Fancy a luxurious cruise this year? Why not book on RTN’s exclusive Royal Caribbean cruise. p38

Is Dan the man?

Danny Cipriani is on his way back from the Melbourne Rebels to play for Sale. p70

Your English Newspaper

iSSUE 645

24 FEB-02 MAR 2012

Dream home horror by louise clarke

IMAGINE BUYING your dream home in the sun and paying for it in full only to have it re-mortgaged by a rogue builder before being repossessed? This nightmare scenario is a reality for more than a dozen homeowners who bought properties on Bosque del Lomas III from Tecnologia Urbanistica. RTN met with Iwan and Jill Williams last week, who arrived for a half term break in the sun to be greeted with a two foot high pile of official documents on their doorstep; papers from the Orihuela Judicial Court stating their property was to be repossessed by the CAM bank as part of their lawsuit to reclaim €4,885,000 in debt from the owner of the now defunct property developers. According to the document, Iwan and Jill’s house had been remortgaged by the owner of the company for €77,000 - accumulated to €132,883 with interest that is increasing daily. POWER OF ATTORNEY 61 other properties in the community 15 of which were paid for in full were ‘remortgaged’ by the rogue developer. Iwan explained: “We bought the house in 2004 for €150,000 through the estate agents, Atlas. They recommended Aroca solicitors and we gave them power of attorney to deal with the purchase.” The couple then moved into the property and set about on a four year battle to get their deeds from the developer. Every time they came over on holiday, they would enquire with the solicitor as to where the deeds were and every time they were fobbed off. So they found new solicitors that unfortunately turned out to be best friends with the solicitors of the property developer - so nothing was done. JEOPARDY The deeds were used by Emilio, the owner of Tecnologia Urbanistica, to remortgage the properties to enable him to buy more land to develop. When the property boom went bust he couldn’t afford to repay these mortgages. He then conveniently disappeared to Brazil. As CAM, purchased by Banco Sabadell for €1, couldn’t recover their €4.8 million plus interest from Tecnologia, they filed a lawsuit to repossess the properties mortJill and gaged; of which Iwan and Jill’s is one. Iwan Williams Continued on page 3


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RTN NORTH 645 by Round Town News - Issuu