Property owners in North Cyprus BE WARNED!!!

Tenakoutou



Joined: 27/07/2009
Posts: 4110

Message Posted:
27/09/2010 19:32

It has recently been revealed that British and other foreign property owners in the Republic of Cyprus [South] have become victims of the latest fraud, or scam.



The victims, who are mainly absentee FREEHOLD property owners, have received letters from banks, with wording to the effect that: 'Unless you start to pay your mortgage, the bank will be forced to take action to recover the debt.'



So, you scratch your head [or your 'nether regions'] and ask yourself: 'How come? - My property is fully paid for - there must be some sort of mistake!'



There has certainly been a 'mistake' - be assured - you've just forgotten that you gave your Cypriot lawyer/advocate sole 'Power of Attorney', and it is he/she who has raised a mortgage on your property - and without so much of a 'by your leave', because no permission, or even consultation is necessary!



'Oh sh1t - oh dear - silly me!' the victim moans.



BE WARNED - BE VERY WARNED!

Washerman


Joined: 19/09/2008
Posts: 2301

Message Posted:
27/09/2010 19:34

Oh no! How much worse can it get?

Hector


Joined: 26/08/2008
Posts: 2352

Message Posted:
27/09/2010 19:35

How many lawyers in the TRNC have a power of attorney and could have done the same?

snakes



Joined: 28/10/2008
Posts: 1512

Message Posted:
27/09/2010 19:40

Watcha Tenakoutou ! thanks for pointing this out ! it looks as though we will be forced to resort to old time justice ! without causing too much alarm and concern ! do you know if it possible to reverse power of attorney here ???? regards barry

Washerman


Joined: 19/09/2008
Posts: 2301

Message Posted:
27/09/2010 19:43

Snakes, I remember Mrs. Snakes posted something about your position (deed-wise) I have an interesting suggestion for for pre-74 purchasers, email off board and no, this isn't a wind up!

zerochlor


Joined: 03/04/2009
Posts: 4024

Message Posted:
27/09/2010 19:47

http://www.youtube.com/watch?v=Dl-ai9HuR60

Tenakoutou



Joined: 27/07/2009
Posts: 4110

Message Posted:
27/09/2010 21:16

Re. Msg 6:



Better for the advocates, or the victims, 'zerochlor'???!!!

measey


Joined: 07/02/2009
Posts: 1037

Message Posted:
27/09/2010 21:23

Tenakoutou. That seems a very bold statement to make, maybe you could list the TRNC LAWERS you are refering to by name that have Power of Attorney that are implementting what your Statement suggests.

measey


Joined: 07/02/2009
Posts: 1037

Message Posted:
27/09/2010 21:42

Message 8. well that was left with silence.

Tenakoutou



Joined: 27/07/2009
Posts: 4110

Message Posted:
27/09/2010 21:51

measey/Msg 8:



Please re-read my message 1!



I said that this is happening in the South - i.e., the Republic of Cyprus. Did I write that this has actually happened in TRNC? No, I didn't; but since TRNC memorandum and mortgage scams are modelled on the South, and the TRNC government has seen that the EU intend to do nothing about protecting their own citizens, that seems to be excuse enough for them not to amend the law in TRNC.



In TRNC, it could well follow the latest scam being perpetrated in the South - why not?



Therefore, fair enough that people should be warned?

measey


Joined: 07/02/2009
Posts: 1037

Message Posted:
27/09/2010 21:55

Tenakoutou. My mistake sorry for that, not suprised with anythink with the south side of the island.

Again sorry for the mistake.



Measey.

Tenakoutou



Joined: 27/07/2009
Posts: 4110

Message Posted:
27/09/2010 21:57

measey/msg 9:



You didn't give me much time to reply!

measey


Joined: 07/02/2009
Posts: 1037

Message Posted:
27/09/2010 22:00

Message 12. your right i did jump the gun as they say, sorry. opps both feet first.

zerochlor


Joined: 03/04/2009
Posts: 4024

Message Posted:
27/09/2010 22:04

message 7



for the victims of course.

elko2



Joined: 24/07/2007
Posts: 4400

Message Posted:
27/09/2010 22:17

There must be more to it -no advocte in their right mind will do such a thing. It would be so easy to prove what happened.

ismet

Hector


Joined: 26/08/2008
Posts: 2352

Message Posted:
27/09/2010 22:20

elko2

It might be easy to prove , if they are found out but what would the police do about it? Fraud doesn't seem to figure in their rule book.

BillBarnacle


Joined: 20/04/2009
Posts: 167

Message Posted:
27/09/2010 22:22

This is complete HOGWASH.A power of attorney is very specific about what you can do so unless you have specifically included a power to allow your lawyer to raise a mortgage then it cant be done

Tenakoutou



Joined: 27/07/2009
Posts: 4110

Message Posted:
27/09/2010 22:28

elko2/Msg 15: 'There must be more to it - '



Perhaps, if full 'Power of Attorney' is given to a lawyer/advocate, with no stipulation clauses, the 'Power of Attorney' can act as he sees fit!



..............and obviously has - hypothetically, perhaps he really needed a new Porsche 'Cayenne'!



The banks, again, appear to have been most obliging!

TRNCvictim


Joined: 17/08/2010
Posts: 1417

Message Posted:
27/09/2010 22:49

Zerochlor (mess 14)



You would know about victims, wouldn't you?

Tenakoutou



Joined: 27/07/2009
Posts: 4110

Message Posted:
27/09/2010 22:50

BillBarnacle/Msg 17:



This is Cyprus!



Your avatar states that you are resident in UK; so, what would you know?



Don't assume Cyprus law mirrors UK law!

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
27/09/2010 22:51

http://www.news.cyprus-property-buyers.com/2010/09/25/can-the-cyprus-banks-pursue-me-in-the-uk/id=005632



For more information!

BillBarnacle


Joined: 20/04/2009
Posts: 167

Message Posted:
27/09/2010 23:25

Tenakoutou/Msg 20



Yes i know this is Cyprus



I could be resident on the moon ................it would not change what i know



I did not assume anything..............it is fact......even in Cyprus a person can only do what is authorised in a power of attorney and nothing more

greatkhan



Joined: 23/09/2010
Posts: 160

Message Posted:
28/09/2010 00:42

sorry to say ..every think is possible in cyprus...

greatkhan



Joined: 23/09/2010
Posts: 160

Message Posted:
28/09/2010 00:43

soryy to say every thing is possible in cyprus..

Johnatcastle


Joined: 23/07/2009
Posts: 163

Message Posted:
28/09/2010 00:54

Bill is correct. Powers of attorney are normally very specific. They do not usually have a wide or varied range of powers. I have found this out as we had to do numerous ones for different purposes. Also as Elko states it would be so easily traceable.

Another scare story!

I read about a guy that robbed someone at gunpoint in L.A. last week.

Jesus that could happen in TRNC lets all panic !!!!! In fact it could happen here in UK too, oh my god is nowhere safe....arrghhhhhhh......

GET A GRIP!

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
28/09/2010 06:36

"a person can only do what is authorised in a power of attorney and nothing more" A very nice concept.. you'd think a builder could only do what he was contracted to do... but then we all know that's not so.



As a lot of the contracts written by the lawyers here are pretty useless as far as enforceability goes.. it does fill me with confidence that some peoples power of attorney documents are also hopelessly flawed and unspecific.



Elko, Is there an easy way to withdraw the power of attorney once it has fulfilled its purpose? We have never given power of attorney, my question is for those who may be worried by the vague wording of theirs. I guess writing a letter formerly withdrawing your agreement to the power of attorney may suffice?

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
28/09/2010 06:53

Last sentence should read 'a letter formally withdrawing your agreement'

pollymarples


Joined: 08/08/2010
Posts: 1778

Message Posted:
28/09/2010 07:07

Measy and all be very aware that if you bought your property, especially off plan, went back to UK, then you

most certinly will have given Power of Attorney. Yes you can cancel Power of Attorney. If you do it in writing, make sure you send the letter registered so it is signed for. My advice - go into your Advocates Office,

ask them to produce it, check it is the original and then tear it into as many pieces as possible in their

presence, then take the pieces home and burn them. Belt and brace girl myself.



Pauline cancelled her Power of Attorney as soon as she came to live here, unforutnately it wasn't

her Advocate who was the problem but AR*EFINANS BANK LIMITED, ABDURRAHMAN GUNEY and YUKSEL YILMAZ

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
28/09/2010 08:50

Elko,



Even in the UK accountants and solicitors are often in trouble with the law for stealing from their clients, their clients descendants and their estates... Temptation often follows trust I'm afraid

serks


Joined: 21/09/2010
Posts: 108

Message Posted:
28/09/2010 09:39

ı think theres more to this, ı always say when purchasing a property you should only give your advocate/solicitor part power of attorney cause any goes in this country.

blade


Joined: 19/06/2010
Posts: 1286

Message Posted:
28/09/2010 10:18

When our property was signed sealed and complete we wrote a letter to our lawyer revoking power of attourney.

elko2



Joined: 24/07/2007
Posts: 4400

Message Posted:
28/09/2010 14:36

One can write a letter and revoke a POA but its best to get it back and then you can do whatever you like with it



If an advocate or anybody else misuses it and borrows money on your behalf, it wouıld be so easy to prove fraud and really get them into trouble. Such a case would be simple enough even for our police to take action on it. In more elaborate cases the police will tell you to go and see an advocate but you can still prove it in court eventually. Hopefully the culprit will have the assets to pay back his victim. In criminal cases probably the culprit will go to prison. Hence it is very impoırtant to sort it out through the police. If they refuse, then you may consider approaching the Attorney General with the help of your advocate.

ismet

Molly


Joined: 30/08/2008
Posts: 299

Message Posted:
28/09/2010 14:55

If you have no joy in securing the original PoA from your advocate, take a copy to a Noter and ask them to prepare a Notice of Cancellation and register it at the District Lands Office. A receipt will be issued.