issuing memorandams to yourself to your tittle deeds for protection

basheer



Joined: 22/12/2008
Posts: 949

Message Posted:
11/09/2010 18:54

just wondered if it is a good idea to serve yourself via family or directely a memorandam to the value of your villa just in case in time a situation arises where someone manages to serve one on you for any reason ,this way you can secure your property even though you hold title deeds to your property.

after this year is over I feel maybe if any negotiations takes place at least you have applied some protection to your investment ,food for thought

basheer



Joined: 22/12/2008
Posts: 949

Message Posted:
11/09/2010 19:50

to all title deed owners could not a GC issue a memorandam on your land or property next

Pogle


Joined: 28/08/2008
Posts: 1536

Message Posted:
11/09/2010 20:02

Basheer, a bank mortgage/loan by the builder with always take priority over any other memorandums on your property - we are told.

basheer



Joined: 22/12/2008
Posts: 949

Message Posted:
11/09/2010 20:06

so I guess a greek cypriot won't find a way to apply some sort of charge of ownership to your property

Pogle


Joined: 28/08/2008
Posts: 1536

Message Posted:
11/09/2010 20:36

They may do but a TRNC memorandum of any sort won't stop them, I guess.

Geoff


Joined: 25/06/2008
Posts: 1370

Message Posted:
12/09/2010 17:31

GCs can't do a thing, unless there was a settlement of the Cyprus-prob. Luckily there seems little chance of that as the GCs can't agree amongst themselves,

Geoff

wanderer


Joined: 05/02/2009
Posts: 1653

Message Posted:
12/09/2010 18:15

Bash

to get a memorandum you have to go to a TRNC court if you go there as a Gc you then get directed to the IPC no memorandum as the IPC settles claim no charge for your estate

GC may get judgement in roc court but unenforceable unless he goes to IPC the european court send the claims there

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
12/09/2010 19:02

If it is decided that the property never actually legally belonged to you ,but as is said by the ECHR, IS still legally owned by the GC who left in 1974 ,how can putting a memorandum on "his" property safegaurd you?



Remember that the only country to recognise those title deeds are Turkey and the TRNC. The ROC and the EU do not recognise you as being the legal owner.



You just have to hope that the GC owner is in the queue at the IPC. It would help if the TRNC governement or Turkey notified buyers when the IPC have paid the compensation for "your" land.