Boyut Construction Buyers - For information

cyprusishome


Joined: 31/03/2007
Posts: 2381

Message Posted:
15/06/2010 17:54

This from HBPG site -



Updated 15 June 2010

Boyut Construction buyers: Are you aware that a Memorandum has been placed on all Boyut properties where title remains in their name. This is due to unpaid loans of approximately £220,000 plus interest.



http://www.hbpg-trnc.net/documents/auctions.html

girne 29


Joined: 06/12/2007
Posts: 1488

Message Posted:
15/06/2010 19:06

This is getting scary,not just because of the ease with which such fraud can be undertaken,but by the underlying lack of legal contraints which make one wonder what other things can be done in future that cannot be defended against.

Hector


Joined: 26/08/2008
Posts: 2352

Message Posted:
15/06/2010 19:09

How many more victims do there have to be before the government takes action against these banks?

madturk


Joined: 25/03/2009
Posts: 217

Message Posted:
15/06/2010 20:06

these banks have got to be brought to justice, how can they charge 80% interest on loans. surly they knew the builders couldnt pay it back and they must of knowen that people had bought properties

Tootie


Joined: 28/08/2008
Posts: 2037

Message Posted:
15/06/2010 20:19

I think it was all loaned when the TRNC was in a mega property boom.

They all just see a get rich quick scheme and not looking at the future.

Look around at all the half finished buildings and ask why ?

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
15/06/2010 20:20

Madturk,

I agree but what about the builders also? Some of them have received money upfront, not finished the properties and then, as if that was not enough, taken out a memorandum and not even paid one installment.



Its a scam and it paints the TRNC in a very bad light and sadly will ruin the construction industry and the real people to suffer will be all those honest tradesmen trying to make a decent living.



The law needs changing to prevent this from happening.

Until then people will continue to follow the latest guidelines to safeguard their investment.

"no kocan, no money"

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
15/06/2010 20:43

There have been warnings about Boyut Construction dating back from 2007. Just Google and their history shows a history of uncompleted sites and lack of title deed transfer.



The warnings as usual were dismissed.

spider


Joined: 03/01/2009
Posts: 5527

Message Posted:
15/06/2010 20:44

Please see my thread Demonstrate and for gods sake get together and do something about it..just sitting back is getting you all nowhere !!!





Spider,X

greylag


Joined: 08/04/2009
Posts: 1110

Message Posted:
15/06/2010 21:08

Spider, trust me mate if i lived there i would be booting some b******* door down,

Grey.

Tasgirl


Joined: 31/12/2008
Posts: 100

Message Posted:
16/06/2010 08:07

Hi Bradus, we did know that Boyut had problems and some consulted with not just their own Solicitor but also well known ( writes on this forum ) legal brains here. We have been told that we have done all that can be done to protect our investments. even so these scumbags find ways to steal what ever they want. I had always thought that in this part of the world thieves had at least one hand removed....that would make it hard for the Shylock bankers to count their ill gotten gains

Stubs


Joined: 01/07/2008
Posts: 641

Message Posted:
16/06/2010 11:32

Madturk



Why is it the banks fault?

cyprusishome


Joined: 31/03/2007
Posts: 2381

Message Posted:
16/06/2010 11:50

madturk, this is another thread altogether with another set of issues than the bank.



That bank was 2 weeks ago. Since then they have had a facebook site closed down that was having a go at their practices.

ryanwilliam


Joined: 01/10/2010
Posts: 1

Message Posted:
13/01/2011 20:34

boyut construction has changed its name to boyutgroup

malsancak


Joined: 23/08/2009
Posts: 2874

Message Posted:
13/01/2011 21:09

... and paid off their £220,000 debt no doubt!

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
13/01/2011 22:08

Boyut buyers, has the memorandums been cleared?



Do you still have your properties?

berilela


Joined: 17/07/2010
Posts: 590

Message Posted:
14/01/2011 07:28

yes at moment but due to go auctions soon court case today in girne against firat [boyuts]

ricooper123


Joined: 14/04/2009
Posts: 75

Message Posted:
14/01/2011 12:08

Met the banks solicitor at court today,he informed me all Boyut houses are going to auction.

The case today was to get the date for the auction of Sahara Hights site.

I will be having a meeting with the banks solicitor one day next week, I will keep you informed.

Hector


Joined: 26/08/2008
Posts: 2352

Message Posted:
14/01/2011 19:18

How many people are going to lose their properties?

malsancak


Joined: 23/08/2009
Posts: 2874

Message Posted:
14/01/2011 21:12

Looks like another case for "Home from Hell" - http://www.cyprus44.com/forums/53764.asp

ricky


Joined: 26/01/2009
Posts: 294

Message Posted:
14/01/2011 22:02

Hello Richard,



Sahara Hights, do you mean de buildings near the Kyrenia market or the big project in Alsancak, pleae?



Best regards

Denny


Joined: 09/12/2010
Posts: 261

Message Posted:
14/01/2011 22:58

msg 18,



Good question. They are/were a big outfit.

Dixie Normus


Joined: 22/02/2008
Posts: 820

Message Posted:
15/01/2011 00:51

Looks like another TC builder has the last laugh, the wedding at the Colony, a driveway full of posh motors paid for by the life savings of Mr and Mrs pensioner looking for peace and tranquility in their final years. Well you wont get any satisfaction from the goverment and the courts, old ferret will have hid his dosh with the help of his doggie solicitor brother and will be having a good laugh at your expence, time to hire a good knee capping gorilla, its the only langueage these rats vevn fur-rats understand.



D.N

ricooper123


Joined: 14/04/2009
Posts: 75

Message Posted:
16/01/2011 12:07

Back to the top

pollymarples


Joined: 08/08/2010
Posts: 1778

Message Posted:
16/01/2011 13:57

I tried to get BOYUT mentioned on the Radio programme recently, but no one came forward.



For goodness sake what is it going to take to get those heads out of the sand HISS, THERE ARE SO MANY

Boyut buyers affected.



Beggars belief.

cavalryman


Joined: 08/11/2010
Posts: 314

Message Posted:
16/01/2011 14:02

Have they not left for the uk?

ricooper123


Joined: 14/04/2009
Posts: 75

Message Posted:
17/01/2011 18:07

Had a meeting with the the solicitor of Yakin Dogu Bank .

They confirmed that all Boyut properties without a Kocan were going to AUCTION,and are just awaiting dates

Also the bank does not want to take away peoples houses,and we should get legal representation and negociate with them as a group.

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
17/01/2011 18:29

In other words consider repaying for your properties again?

berilela


Joined: 17/07/2010
Posts: 590

Message Posted:
17/01/2011 18:35

seems that why

TRNCvictim


Joined: 17/08/2010
Posts: 1417

Message Posted:
17/01/2011 18:43

ricooper123 (mess 26)



Are there many Boyut victims without deeds?

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
17/01/2011 19:08

Boyut is a very large company with several sites throughout the TRNC. Is it one site or many that are at risk?

berilela


Joined: 17/07/2010
Posts: 590

Message Posted:
17/01/2011 19:21

all boyut propertys that have NO kocan are to be auctioned just awaiting dates

Lilli



Joined: 21/07/2008
Posts: 13081

Message Posted:
17/01/2011 19:24

god this is just sio awful, how many more are we going to hear about. . My heart goes out to all of you in this position xx

spider


Joined: 03/01/2009
Posts: 5527

Message Posted:
17/01/2011 19:47

Has anyone received any written conformation about this to date ?









Spider,X

hds.trnc


Joined: 26/05/2009
Posts: 175

Message Posted:
17/01/2011 19:53

if there are any monies outstanding for properties perhaps use that to pay off the mortgage....some banks will allow lifting on that site etc.(happened on my site) ..im told that if memorandum has to be a dispute with someone on the site who is owed money...when you get ptp and mortgage cleared you must get transfer done or you will always be vulnerable...sorry if im preaching to the converted



to do the above you must get together if you havent already...

berilela


Joined: 17/07/2010
Posts: 590

Message Posted:
17/01/2011 19:54

ric cooper today with marion stokes went to bank where loan /morgages taken out and told all boyut propertys with no kozan are to be auctioned ALL BOYUT HOUSES

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
17/01/2011 20:03

Do you now how much money the outstanding memorandum is?

sapper


Joined: 17/01/2011
Posts: 15

Message Posted:
17/01/2011 20:24

This seems to be the normal procedure. has any builder actual completed a site as laid down in the so called contracts.



Maybe a list of all property owners who are in the same position should name the sites in question.



Maybe it will make people get there heads out of the sand

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
17/01/2011 20:43

A Google search suggests that the following are Boyut Construction Properties. I can't believe that all people on these sites have memorandums!!!!!!! Surely its just the later developments? Perhaps someone could identify the properties involved as such threads could be very stressful. I really cannot believe its all sites message 35?

There are an unbelievable amount in Karsiyaka. Is it any wonder Villas are at present being advertised for ridiculous prices?

Olympus Villas - Dormer Houses

Karsiyaka

£99,950

Olympus Villas - House with Courtyard

Karsiyaka

£99,950

Olympus Villas - Arched House

Karsiyaka

£99,950

Olympus Villas - Single Storey

Karsiyaka

£79,950

Homeros Villas - Odesseus Villa

Esentepe

£99,000

Homeros Villas - Artemis Houses

Esentepe

£155,000

Aphrodite Villas - L Shape

Karsiyaka

£85,000

Aphrodite Villas - Dormer Houses

Karsiyaka

£90,000

Harmony Homes - Harmony Homes

Karsiyaka

£59,000 - £69,000

Sea View Turkish Title Villas

Karsiyaka

£135,000

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
17/01/2011 20:47

or better still eliminate those properties above that have their deeds and are therefore not affected?



Wow,

to think that people are continually assuring others that it is not necessary to have deeds.

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
17/01/2011 20:54

Didn't Boyut sell houses, as well and were an official Estate Agent?

kevnmax


Joined: 05/08/2008
Posts: 105

Message Posted:
17/01/2011 21:05

Harmony homes 3 have Kocan

TRNCvictim


Joined: 17/08/2010
Posts: 1417

Message Posted:
17/01/2011 21:08

kevnmax (mess 41)



More to the point how many don't?

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
17/01/2011 21:12

I should imagine its just the later sites as each site will have funded the next site, so common sense would dictate that they needed all funds from completed properties.

spider


Joined: 03/01/2009
Posts: 5527

Message Posted:
17/01/2011 21:17

Bradus ..common sense for the builders here is go see the banks





These builders have nothing but a field day with other peoples money ! and you bet they all have fantastic home and most of their families too.





Spider,X

spider


Joined: 03/01/2009
Posts: 5527

Message Posted:
17/01/2011 21:32

It seems back home some do get into trouble, so why are people not getting together and taking the builders here to court ? What help and support is the BRS giving.



http://www.bbc.co.uk/news/uk-england-gloucestershire-11998491





Spider,X

TRNCvictim


Joined: 17/08/2010
Posts: 1417

Message Posted:
17/01/2011 21:38

As I have said previously spider, the uk has an awful lot of problems, but when corruption rears it ugly head (as it does on many occasions) it's routed out, unlike the corruption in the TRNC!

spider


Joined: 03/01/2009
Posts: 5527

Message Posted:
17/01/2011 22:00

Are you saying that no one has taken their builder to court at all ? or no group of people either.....If so then surely its about time. Or is it a case of whats the point !





Spider,X

TRNCvictim


Joined: 17/08/2010
Posts: 1417

Message Posted:
17/01/2011 22:22

Oh Spider our builder was taken to court again, and again and again, but not one judgement has been enforced! not one Aga house been Auctioned YET!



7 years on nothing! but Aga's creditors are not a bank! seemingly Mr Robb had enough victims money at the time he didn't need a bank! just needed to transfer our money to Thailand with the help of TRNC Lawyers!

spider


Joined: 03/01/2009
Posts: 5527

Message Posted:
17/01/2011 22:30

And I have no words to express how I feel for you all, but have there been others that have gone to court with their builders.





Spider,X

berilela


Joined: 17/07/2010
Posts: 590

Message Posted:
18/01/2011 07:13

please read message 26 again that was banks own words all boyut propertys with out kozan being auctioned fact any one not beliveing this contact marion stokes whom was nice enough to been there in meeting with us

georgieporgie


Joined: 10/07/2010
Posts: 8

Message Posted:
19/01/2011 12:52

My partner and I have just returned from the uk,and went for a drink to our local Jessics.I was informed by a friend he was told by people on Harmony3 that a man called Hussulbee is telling people to pay £25000 to save thier properties from going to auction.

Is this a payment to Boyut,or the Bank ?.

This is the same man who told all the people on Harmony1 that ther is no way they are going to auction,as Firat the boyut owner has assured him of this. If so why pay £25000,and who pays the VAT,and the builders VAT.

I am also hearing this offer was allready on the table months ago via Naomi Mehmet the solicitor who represents Boyut clients.

Anybody have any further information on this.



George

georgieporgie


Joined: 10/07/2010
Posts: 8

Message Posted:
19/01/2011 12:55

back to the top

ricooper123


Joined: 14/04/2009
Posts: 75

Message Posted:
19/01/2011 13:15

Hi George.



Can you email me with the name of the person that passed this info.

berilela


Joined: 17/07/2010
Posts: 590

Message Posted:
19/01/2011 18:31

yes that would be very interesting name them ,im worried sick about my home going to auction as ive no home back in uk and dont have a clue what would happen to me and my 6 yr old daughter if our house goes please name these people

walkerscott


Joined: 13/08/2009
Posts: 901

Message Posted:
19/01/2011 19:56

horror stories to me p l e a s e



http://www.no-deeds-no-money.moonfruit.com

philbailey


Joined: 17/01/2011
Posts: 3534

Message Posted:
19/01/2011 20:32

if you buy a house how can you not own it

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
19/01/2011 20:43

Because of the conveyancing procedure in the TRNC and also the legal system. It is designed in such away as to protect the builder, developer, landowner and advocate. Yet the buyer has no protection at all.

TRNCvictim


Joined: 17/08/2010
Posts: 1417

Message Posted:
19/01/2011 23:29

philbailey (mess 56)



It can only happen in Cyprus! mess 57 is correct! if you want to play the cypriot lottery or even play the roulette wheel at their Casino's! you have a better chance of wining, than eventually owning the home you have paid for!!!!!

Mitchell 4


Joined: 14/07/2008
Posts: 4

Message Posted:
20/01/2011 19:22

We bought our home with Boyut in Karysaki 2006. The land belongs to to he farmer, we have been fighting this for nearly 5 years now an £50,000 out off pocket We engaged a lawyer from the beginning and still fighting our corner. We had to apply again to the land registry over 1 year ago as the site plans were changed when Boyut couldn,t sell all the properties. There are only a few partially built, ours is just a concrete shell, but the farmer has promised us our Kocan when we get the necessary paperwork back an then we will have to build the house ourselves, it sickens me to think when we signed for our dream home in the sun that day 2006 we would be fighting nearly 5 years on So like you people out there maybe our property is not safe either, as our lawyer has not informed us off Boyut's plans. but enough is enough you all really should pull together don't let Boyut spoil your dream . As unlike some you have worked hard all your lives, so why let them get away with it.

berilela


Joined: 17/07/2010
Posts: 590

Message Posted:
20/01/2011 19:30

hope you come along and speak to ric cooper bout all sticking together as thats what we want but others only after looking afer them selves

TRNCvictim


Joined: 17/08/2010
Posts: 1417

Message Posted:
20/01/2011 21:04

Mitchell 4 (mess 59)



I have been fighting since 2004! 7 years on still nothing, I said enough is enough in February 2009 when I lost my husband! pull together all you want! you won't win? we have all of us, whatever builder, worked hard all our lives!



They will "Get away with it"

cavalryman


Joined: 08/11/2010
Posts: 314

Message Posted:
20/01/2011 23:16

As the builder is now in the uk can you not persue him there?must be worth a try.

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
21/01/2011 12:49

There has been limited success for those that bought through agents in England but I very much doubt it in this case. However I would try every angle wouldn't you?