Issuing of Title Deeds

spooky18


Joined: 09/08/2011
Posts: 3

Message Posted:
09/08/2011 21:36

I purchased an apt in Bufavento Village about 7 years ago and due to divorce was forced to sell as soon as it was complete.I sold to a local and my agent pursuaded me to give possession after receiving a 30% deposit with the balance to be paid when title deeds were issued,which my agent assured me would be within 3 mths max . 5 years later no deeds therefore no cash.I know I was niave to accept these selling terms but I trusted my agent . Is anyone in the same situation or have any ideas or advice

brend


Joined: 20/01/2009
Posts: 149

Message Posted:
09/08/2011 23:19

Hi Spooky

We are on phase 1 and got our title deeds last year. is it you or the current occupiers who have to apply for them?

Brend

TRNCvictim


Joined: 17/08/2010
Posts: 1417

Message Posted:
09/08/2011 23:29

spooky18,



You need answers from your agent if he promised a 3 months max for the title deeds? and if you sold to a local (was the local a Turkish Cypriot)? if so should have been no problem! why have you waited 6 years and 7 months?



Who was the Agent?

philbailey


Joined: 17/01/2011
Posts: 3534

Message Posted:
10/08/2011 01:57

Maybe exchange land ?

Deniz1


Joined: 28/07/2009
Posts: 3829

Message Posted:
10/08/2011 05:55

Contact Emtan and ask them as they are issuing deeds almost everyone has theirs now. The buyers will have applied to get them. I am on phase two and we all have them in less than four years.

Deniz1


Joined: 28/07/2009
Posts: 3829

Message Posted:
10/08/2011 08:50

Just a thought hiw do you knoiw they have not got the kocan? Maybe their way of not paying you the rest of the money by saying that again ckeck with Emtan.

ozankoys


Joined: 20/06/2008
Posts: 905

Message Posted:
10/08/2011 10:09

I know this does not help you with your problem but I think you should name and shame your agent - the terms you agreed were terrible. Maybe a 10% or 5% retention until issue of deeds but 70% most definitely not unless the purchaser took over the final payments?

spooky18


Joined: 09/08/2011
Posts: 3

Message Posted:
11/08/2011 16:08

Thanks for your replies . The apartment is on phase 3 of Bufavento & yes the buyer is a Turkish Cypriot .

Amazing coincidence since my posting , I have just heard that the title deed has now been issued in the name of Emtan , and I have a faxed copy to prove it, although in Turkish of course . Sorry fo my ignorance , but does my buyer have to apply to get the deeds transferred into their name , as I never occupied the apartment .



Still doesn't mean that I will get the cash but seems a little closer now

brend


Joined: 20/01/2009
Posts: 149

Message Posted:
11/08/2011 18:33

where is phase 3? There are only 2 phases on Bufavento. Emtan is the builder and we haven't had any problems getting our Kocan off him, in fact the opposite, he chased us up.

Brend

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
11/08/2011 18:38

Will your money be sitting nicely in the bank account of your Estate Agent or Advocate?

martinD41


Joined: 06/09/2010
Posts: 3001

Message Posted:
11/08/2011 18:43

As a "Visitor" what good is the issuing of title Deeds unless you are looking to sell?

philbailey


Joined: 17/01/2011
Posts: 3534

Message Posted:
11/08/2011 18:48

Msg1, post all your bank details here

and every one will help



(is this a serious thread ?)

Deniz1


Joined: 28/07/2009
Posts: 3829

Message Posted:
11/08/2011 21:08

Of course the buyer has to get the deeds in his name! Its not your apartment any more payment made or not. Really.

terryterry


Joined: 11/08/2011
Posts: 5

Message Posted:
11/08/2011 21:43

as you are the seller the norm is a bankers draft is made out into your name on the same day as you go to land districts office. I persume you did an assignment of contract when you initially sold the property which would be between you emtan and the cyps buying.



your lawyer shall hold on to your draft and once all documents are signed and taxes are paid then you just need to collect your cq which normally chases in within 3 working ays if you bank into an account over here.



hope this helps

philbailey


Joined: 17/01/2011
Posts: 3534

Message Posted:
11/08/2011 22:36

I think maybe 5 years late

in asking this question



there was a saying about

and their money

barnaclebill


Joined: 12/12/2008
Posts: 303

Message Posted:
11/08/2011 22:54

This is surely a wind up.there are only two phases on buffavento and as already mentioned Emtan are probally the only builder i have heard of that actually chase you to get the deeds.

spooky18


Joined: 09/08/2011
Posts: 3

Message Posted:
12/08/2011 01:45

thanks for the sensible replies & advice . I realise I'm guilty of being niave & not understanding the procedure , but i'm sure i'm not the only one .

Bufavento phase 2 or 3 , its an apartment overlooking the 2nd swimming pool . As for asking the question too late , I came to Northern Cyprus last summer specifically to visit my lawyer , estate agent & Emtan , and got the response from all that we they were waiting for the title deeds to be issued .

philbailey


Joined: 17/01/2011
Posts: 3534

Message Posted:
12/08/2011 02:13

Sure the "cheque is in the post"



do not worry

I have never heard of a property problem in Cyprus

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
12/08/2011 11:09

Everyone manages to sell without title deeds. This is an excuse. Not having title deeds does not prevent you from selling for cash.