Absolute Spain Forum - View Single Post - Pegasus SL/Hipo Campo Gea y Truyols, Murcia

Tenerife Chick · 08-07-2009, 21:46

Hi, I am a newbie to this forum, but am a regular member of the Tenerife forum, as this is where we own property.

I have joined this forum to ask if anyone has any information on property in Valle del sol.

The reason I ask is that this is where my parents have "bought" property some 5/6 years ago. They are on the edge of the 3 molinos resort at Gea y Truyols. They developer they bought from at the time was Pegasus SL, headed by Lorenzo Garcia and his son Roberto. They are now trading as Hipo Campo, but have been told Lorenzo Garcia is bankrupt. They knew that it was illegally built at the time, but were promised that legalization would follow. There was no mortgage involved and it was a cash deal. My parents' home was one of six, who now find that their homes are built on land that is not owned by themselves as there is a debt on the land, of which the title has been returned to it's previous owner, a Rufino Calero. My parents, along with the other 5 owners, have been told that the debt on the land is to be repaid by Lorenzo Garcia, and that legalization will definitely follow. They are fighting reposession of the land in the courts, but are paying themselves for the subdivision of the plots, even though they do not own the land!

I feel very suspicious of everyone involved, and am worried that they will be scammed out of further money.

Does anyone have any information on this development or the people involved? My parents could be in line to lose everything they have worked for all their lives.

08-07-2009, 21:46	#1 (permalink)
Tenerife Chick Tenerife Chick is.... Regular Member Join Date: Jul 2009 Posts: 11 Thanks: 2 Thanked 0 Times in 0 Posts Rep Power: 0	Pegasus SL/Hipo Campo Gea y Truyols, Murcia Hi, I am a newbie to this forum, but am a regular member of the Tenerife forum, as this is where we own property. I have joined this forum to ask if anyone has any information on property in Valle del sol. The reason I ask is that this is where my parents have "bought" property some 5/6 years ago. They are on the edge of the 3 molinos resort at Gea y Truyols. They developer they bought from at the time was Pegasus SL, headed by Lorenzo Garcia and his son Roberto. They are now trading as Hipo Campo, but have been told Lorenzo Garcia is bankrupt. They knew that it was illegally built at the time, but were promised that legalization would follow. There was no mortgage involved and it was a cash deal. My parents' home was one of six, who now find that their homes are built on land that is not owned by themselves as there is a debt on the land, of which the title has been returned to it's previous owner, a Rufino Calero. My parents, along with the other 5 owners, have been told that the debt on the land is to be repaid by Lorenzo Garcia, and that legalization will definitely follow. They are fighting reposession of the land in the courts, but are paying themselves for the subdivision of the plots, even though they do not own the land! I feel very suspicious of everyone involved, and am worried that they will be scammed out of further money. Does anyone have any information on this development or the people involved? My parents could be in line to lose everything they have worked for all their lives.