Good news at last Re Kulaksiz 5

Geoff


Joined: 25/06/2008
Posts: 1370

Message Posted:
02/10/2010 15:42

I was very pleased to see in today's "Cyprus Today" that the Kulaksiz 5 situation has been resolved by the TRNC Govt.

Let us hope they sort out the more widespread PTP problems.

After all, it is the best interests of the TRNC to do so as much money would be raised for the Govt coffers if we all got our Title Deeds. Not to mention it would give a massive boost in confidence to the property market here.

Geoff

Famagusta City.

ang1706


Joined: 28/01/2009
Posts: 570

Message Posted:
02/10/2010 15:51

Hi there,



I do not get the Cyprus Today as in Beirut,



Can someone enlighten me as to how this has been resolved please.

malsancak


Joined: 23/08/2009
Posts: 2874

Message Posted:
02/10/2010 16:17

ang1706, nothing has been actually resolved but accoding to Cyprus Today the eviction writs have been cancelled and promises have been made by the Turkish Ambassador for the TRNC that “his country would ensure they (K5) were compensated for any loss…” Just like the good old days isn't it.

waddo


Joined: 29/11/2008
Posts: 1966

Message Posted:
02/10/2010 16:37

I think it means that the bank will be payed by Turkey and that the people living in the houses will be allowed to stay there till they die. No deeds and no selling on or leaving it in the will.



Just what I have heard folks so probably just another good tale but it did come from a TC at least.



Flak jacket on, helmet in place, awiting the first broadside but sorry - won't be biting back. No further information so not worth a guess from me.

ang1706


Joined: 28/01/2009
Posts: 570

Message Posted:
02/10/2010 16:40

Thanks for that Malsanjack,



Am I being too presumptious that this will happen to all the other paid up Homeowners that are in the same position - with a Bank Memorandum hanging over their heads?



Funny as you correctly say- good old days!! I still have a copy of a statement from the Turkish Government that said they would 100% guarantee property purchases- but in 2005 that was protection against a possible GC Claim.



Well done if this is the case.

malsancak


Joined: 23/08/2009
Posts: 2874

Message Posted:
02/10/2010 16:52

there is a hint that other's would have to use the HBPG plan and pay to finish the properties, that would include paying off current memorandums and those that builders will be rushing to put on the properties on Monday morning

Geoff


Joined: 25/06/2008
Posts: 1370

Message Posted:
02/10/2010 17:29

Are you lot saying that it is NOT good news for the Kulaksiz 5 residents/owners??

Spades and shovel comes to mind!

Geoff.

nilmoney


Joined: 29/12/2008
Posts: 122

Message Posted:
02/10/2010 19:03

Well lets hopes so just keep our fingers crossed for the k5 owners and its not yet another red herring, as these poor folk have been through enough already.