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Has anyone bought a distressed property through Bankia or through Haya?

Posted: Wed Dec 9, 2020 9:01pm
21 replies746 views6 members subscribed
greg77

Posts: 62

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Location: Bédar

Joined: 11 Oct 2020

I am attempting to buy a distressed property and I am coming up against a wall of lies from the estate agent and zero responses from Haya. They have been contacted multiple times in English and Spanish and refuse to respond. Is this normal?

hartcjhart

Posted: Wed Dec 9, 2020 11:12pm

hartcjhart

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Location: Mojacar

Joined: 26 Oct 2017

Posted: Wed Dec 9, 2020 11:12pm

Who is Haya,I can understand the estate agent putting up walls ,do you know which bank has the property,sorry just re-read it is Bankia,contact them direct

greg77

Posted: Wed Dec 9, 2020 11:28pm

greg77

Original Poster

Posts: 62

20 helpful points

Location: Bédar

Joined: 11 Oct 2020

Posted: Wed Dec 9, 2020 11:28pm

hartcjhart wrote on Wed Dec 9, 2020 11:12pm:

Who is Haya,I can understand the estate agent putting up walls ,do you know which bank has the property,sorry just re-read it is Bankia,contact them direct

Haya is a property marketing company. Probably appointed by the bank. Their incompetence levels are staggering. See trust pilot of user experience with them.

While you are there, look at the ratings for Bankia. As bad if not worse. Seems there is close to zero motivation to move the toxic debt off their books. 

Bank ignoring emails phone calls and FB messages.

Not sure if I should be speaking to a psychologist or a fintech wizard. 

Very bizarre 

hartcjhart

Posted: Wed Dec 9, 2020 11:35pm

hartcjhart

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Posted: Wed Dec 9, 2020 11:35pm

here is the email of the CEO of Bankia try that

https://ceoemail.com/s.php?id=ceo-10497&c=Bankia-Chief%20Executive

hartcjhart

Posted: Wed Dec 9, 2020 11:37pm

hartcjhart

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Posts: 1076

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Location: Mojacar

Joined: 26 Oct 2017

Posted: Wed Dec 9, 2020 11:37pm

greg77 wrote on Wed Dec 9, 2020 11:28pm:

Haya is a property marketing company. Probably appointed by the bank. Their incompetence levels are staggering. See trust pilot of user experience with them.

While you are there, look at the ratings for Bankia. As bad if not worse. Seems there is close to zero motivation to move the toxic debt off their books. ...

...

Bank ignoring emails phone calls and FB messages.

Not sure if I should be speaking to a psychologist or a fintech wizard. 

Very bizarre 

Sadly some of the Banks do not want to sell to 'outsiders'

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greg77

Posted: Thu Dec 10, 2020 9:40am

greg77

Original Poster

Posts: 62

20 helpful points

Location: Bédar

Joined: 11 Oct 2020

Posted: Thu Dec 10, 2020 9:40am

hartcjhart wrote on Wed Dec 9, 2020 11:37pm:

Sadly some of the Banks do not want to sell to 'outsiders'

The problems in the Spanish Property Industry run a lot deeper. My experience so far is that dealing with everyone in the property industry in Spain is a total nightmare. Its a story of a dying animal covered in parasites that are hastening its death. Blantant lying and misrepresentation by agents is universal in my experiences over the last few years. This is consistent across all agents - British and Spanish. There is not one that I have dealt with so far does not turn out to be a pathalogical liar in their deperation to get their hand on the commission with minimum effort. I am so sick of hearing how each new agent I come across tell me how different they are. Turns out they are all the same working to the same model.

And then there are the likes of Haya - the company marketing the distressed properties of the bank. Where the agents are the fleas of the dog, this company is the big fat bloated tick. They are a towering bastion of bad management and incompetence. I think the only reason they havent laid down a fresh layer of lies is that they are too incompetent or lazy to actually return phone calls or emails or FB chats. Communications Management is non existent and Customer Care is an alien concept to them.

This, of course is before, you get to the bank. Another towering edifice of incompetence that was complicit in fuelling the credit crash - you would think they would clean up their act but it seems they are as incompetent as ever and no lessons have been learnt. They show no motivation or ability to effectively sell the billions in toxic assets they are still holding on to 12 years after the crash. 

Its mind boggling that an entire industry can be so thoroughly and consistently useless and still manage to keep the doors open. I see Bankia's share price has taken a pummeling this year - down nearly 20%. Surely they would see that as a signal that something is very wrong in the way they are doing things? Apparently not. They just-dont-care. Its job justification on a massive scale.

There must be an alternative way of buying property in Spain without having to deal with these parasites that add no value. At the end of the day, its a buyer and a seller and the legal stuff. What gives agents the right to think they can operate on a percentage of a transaction? Are they tax collectors? Do they have special skills? No. Getting a percentage cut for doing something attracts people who are looking for rewards that are NOT commensurate with the effort required which explains why the industry is so riddled with the type of people that should be no where near a property deal.

greg77

Posted: Thu Dec 10, 2020 10:09am

greg77

Original Poster

Posts: 62

20 helpful points

Location: Bédar

Joined: 11 Oct 2020

Posted: Thu Dec 10, 2020 10:09am

hartcjhart wrote on Wed Dec 9, 2020 11:35pm:

here is the email of the CEO of Bankia try that

https://ceoemail.com/s.php?id=ceo-10497&c=Bankia-Chief%20Executive

That link is to a page returning a 403 Access Denied http message.

hartcjhart

Posted: Thu Dec 10, 2020 2:04pm

hartcjhart

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Joined: 26 Oct 2017

Posted: Thu Dec 10, 2020 2:04pm

greg77 wrote on Thu Dec 10, 2020 10:09am:

That link is to a page returning a 403 Access Denied http message.

Hi sorry about that here is his addy


[email protected]

greg77

Posted: Thu Dec 10, 2020 2:12pm

greg77

Original Poster

Posts: 62

20 helpful points

Location: Bédar

Joined: 11 Oct 2020

Posted: Thu Dec 10, 2020 2:12pm

hartcjhart wrote on Thu Dec 10, 2020 2:04pm:

Hi sorry about that here is his addy


[email protected]

Thank you

Jenni

Posted: Thu Dec 10, 2020 4:47pm

Jenni

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Posts: 1293

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Location: Oria

Joined: 14 Dec 2017

Posted: Thu Dec 10, 2020 4:47pm

greg77 wrote on Thu Dec 10, 2020 9:40am:

The problems in the Spanish Property Industry run a lot deeper. My experience so far is that dealing with everyone in the property industry in Spain is a total nightmare. Its a story of a dying animal covered in parasites that are hastening its death. Blantant lying and misrepresentation by agent...

...s is universal in my experiences over the last few years. This is consistent across all agents - British and Spanish. There is not one that I have dealt with so far does not turn out to be a pathalogical liar in their deperation to get their hand on the commission with minimum effort. I am so sick of hearing how each new agent I come across tell me how different they are. Turns out they are all the same working to the same model.

And then there are the likes of Haya - the company marketing the distressed properties of the bank. Where the agents are the fleas of the dog, this company is the big fat bloated tick. They are a towering bastion of bad management and incompetence. I think the only reason they havent laid down a fresh layer of lies is that they are too incompetent or lazy to actually return phone calls or emails or FB chats. Communications Management is non existent and Customer Care is an alien concept to them.

This, of course is before, you get to the bank. Another towering edifice of incompetence that was complicit in fuelling the credit crash - you would think they would clean up their act but it seems they are as incompetent as ever and no lessons have been learnt. They show no motivation or ability to effectively sell the billions in toxic assets they are still holding on to 12 years after the crash. 

Its mind boggling that an entire industry can be so thoroughly and consistently useless and still manage to keep the doors open. I see Bankia's share price has taken a pummeling this year - down nearly 20%. Surely they would see that as a signal that something is very wrong in the way they are doing things? Apparently not. They just-dont-care. Its job justification on a massive scale.

There must be an alternative way of buying property in Spain without having to deal with these parasites that add no value. At the end of the day, its a buyer and a seller and the legal stuff. What gives agents the right to think they can operate on a percentage of a transaction? Are they tax collectors? Do they have special skills? No. Getting a percentage cut for doing something attracts people who are looking for rewards that are NOT commensurate with the effort required which explains why the industry is so riddled with the type of people that should be no where near a property deal.

I can see where you are coming from, years ago I tried to bypass the agents and advertise the property myself, to advertise it on the likes of Rightmove or Zoopla, was prohibitive, I cant remember the exact figure but it was something like £3000 per month, So unless you are mega rich ,if your want your property out there on all the major sites then I am afraid agents are the only way to go, . I was told by an agent that they get no discount from the big advertisers. This is probably why they charge so much for doing so little. 

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