TRNC - selling your property beware another con for money???

Mambosun


Joined: 27/05/2011
Posts: 112

Message Posted:
17/09/2011 15:21

Please note if you are trying to sell your property without deeds!!!!!!, our developer has decided he will charge us £2.000 just to sign the contract we have, over to the new buyer, this has happeened to every owner on our site that has sold or wants to sell, our lawyer told us this was completely illegal, but again what can u do, the devious developer has you over a barrell and the law is of no help at all. Has anyone else had this problem on other sites?

dizzycows


Joined: 12/05/2009
Posts: 2736

Message Posted:
17/09/2011 15:25

Who is your builder developer? where are you in NC? Which site are you on?

Mambosun


Joined: 27/05/2011
Posts: 112

Message Posted:
17/09/2011 15:31

Hi dizzicows , because i am seriously considering taking legal action i feel it is not correct for me to name and shame, but the site is in the east region of kyrenia. Hi have you had any problems of a similar nature then dizzicows.

misunderstood


Joined: 08/04/2011
Posts: 1004

Message Posted:
17/09/2011 16:15

Naming the fatherless one will in no way inhibit any legal action, especially if he has put this demand in writing.

dizzycows


Joined: 12/05/2009
Posts: 2736

Message Posted:
17/09/2011 16:23

No Mambosun, we don't have any problems, but thought if I asked who the builder etc was it may perhaps help or stop others being caught out like yourself ...



Hope you soon sell any way...

misunderstood


Joined: 08/04/2011
Posts: 1004

Message Posted:
17/09/2011 16:33

Mambuson, you must have a very famous builder if he thinks his signature is worth £2000, you couldn't make it up, could you? Probably cost less to 'persuade' him to sign, no violence of course!

the butler


Joined: 22/06/2007
Posts: 1958

Message Posted:
17/09/2011 16:46

I have been told our developer charges £500 to do this. It looks like it is common practice here.









The butlers wife

Mambosun


Joined: 27/05/2011
Posts: 112

Message Posted:
17/09/2011 17:16

Thanks guys no he really wants this money to sign over the contract, he calls this his administration charge, i call it daylight robbery i have this in writing and the developer is Mr Frank Giron from Weston Properties aka Nature Bay Developers. Our solicitor told us this is totally illegal, hence we might have to take legal action against him.

Misunderstood i understand what you mean, Thanks.

carian


Joined: 13/03/2009
Posts: 336

Message Posted:
17/09/2011 17:19

This happened to us when we sold in the south, we'd kept to our side of the contract ( paid on full on all due dates and been living there over 2 years ) but because the developer hadn't given us the deeds we had to pay £2000 to cancel the contract and thats a country IN the EU.

Mambosun


Joined: 27/05/2011
Posts: 112

Message Posted:
17/09/2011 17:30

Disgusting but whaat can u do!!!

scruff


Joined: 15/07/2008
Posts: 1070

Message Posted:
17/09/2011 17:32

Not the slightest bit surprised to hear this. Great secenario for developer. Never transfer title deeds & keep milking the property & subsequent buyers forever.

Maybe your Lawyer has suggested that it is illegal & that you should take court action over this (fees for them), but before you go down that slippery slope, I would try to get a guarantee that you will win your case & if you do win, will you be able to charge your costs & actually receive the sums awarded.

The court case is quite likely to cost you at least the amount in question or even more & might take several years before it reaches court.

Court awards are one thing. Getting the money is another. How do I know because I was awarded a substantial sum in early 2010 & so far not a penny received & highly unlikely that it ever will be either.



This thread should be a really good lesson to the people still thinking of buying here......Don't.

Mambosun


Joined: 27/05/2011
Posts: 112

Message Posted:
17/09/2011 17:40

Thanks Scruff my sentiments exactly, we have ben promised our deeds for 3 years now and have owned our place for nearly 5, the next date for our deeds to be forthcoming is this November, PIGS might fly.



I am thinking now rather than wasting any more of my money on this crazy legal system, on my next visit shortly to the TRNC i may just board my place up and leave it to rot!!!

scruff


Joined: 15/07/2008
Posts: 1070

Message Posted:
17/09/2011 17:46

Now been waiting 9.5 years for Title deeds. Don't actually want them anymore. Too expensive.



What I would like though, is the compensation that we were awarded in Girne court after 5 years of waiting for the case to go to Court. Which why I don't see any point in going to law in this lawless country.



Anyone out there ever won a civil case here, been awarded compensation & actually received what they were awarded ? ...............deafening silence.

Rocker



Joined: 24/09/2008
Posts: 384

Message Posted:
17/09/2011 18:46

I concur on every thing Mambosun has written. We are back in the UK now after 7 years in the TRNC and know the problems that have been stated are fact. Beware those who are considering buying in the TRNC.

Rocker

bazzagirl


Joined: 09/05/2010
Posts: 525

Message Posted:
17/09/2011 19:15

Yes we know we will never get our deeds, the excuses are the architect has died to my knowledge he's died 3 times up to the present date, i'm sure hes due another death soon. The only way we'll get them is if the pope turns jewish x

Deniz1


Joined: 28/07/2009
Posts: 3829

Message Posted:
17/09/2011 21:14

Go to his office with a cheque get him to sign the contract then tear the cheque up or stop it at the bank.

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
17/09/2011 21:34

How many more cons can they think of?



Don't buy in the TRNC. Lets stop feeding the sharks.

mikey53


Joined: 21/08/2011
Posts: 91

Message Posted:
17/09/2011 22:02

It seems that the lawers storyline in "Midnight Express" were not overly exaggerated, gosh I never thought that one day that bit of the film would be in close proximity to me, no I haven't bought anything yet but its really opened my eyes up to the pitfalls and sleezeballs there are in TRNC. I think I may shop around and find me a nice one bed place to rent already set up rather than spending bundles and buying into trouble.Thank you Bradus and others for being honest and open, makes a change these days...

cooper


Joined: 23/10/2007
Posts: 3386

Message Posted:
17/09/2011 22:08

What i do know is that if you are intending to sell for more than you bought for then the developer will charge a fee to cover the difference in the stopaj tax he will have to pay when title transfer takes place.

Rocker



Joined: 24/09/2008
Posts: 384

Message Posted:
17/09/2011 22:10

In our case we sold well under what we paid and it made no difference

Rocker

britvic



Joined: 05/09/2008
Posts: 3039

Message Posted:
17/09/2011 22:22

Message 1, Just so I can get this straight in my own head................................. You want to sell your property WITHOUT deed?

britvic



Joined: 05/09/2008
Posts: 3039

Message Posted:
17/09/2011 22:23

Sorry, should have said Deeds.

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
17/09/2011 22:29

Mikey53,



The construction industry is all but finished. Only folks needing a lobotomy would buy off plan now. The reputation of Cyprus is now notorious as an island with few enforceable laws and endemic corruption. As much as we may all love the TRNC most realise that its not worth risking your hard earned money. Neither do people want the stress and anxiety involved in buying property especially knowing there are no assurances that you will own your property.



However things will change based on necessity.Once the goose has laid all its golden eggs, there will be a mad panic in an attempt to get the buyers back. Only then will robust laws be introduced and guarantees put in place in order to encourage buyers back.



Then will be the time to buy. Also look at the house prices. Boy are they tumbling. Rent and wait.

mikey53


Joined: 21/08/2011
Posts: 91

Message Posted:
17/09/2011 23:57

I genuinely feel for people who have lost their life savings ploughing them into places normally in the sun b4 it was the Spanish fiasco I watched with disbelief some of the strokes being shown and mainly British couples were left high and dry by British Consulate / Spanish Government etc and charging you money to pull down houses that spanish builders even with planning still slithered away from the mayhem. Looks like things are as bad here for the present at least. I have noticed a certain individual some call that person" Neanderthal" he always chips in with his Anti British rant " All you Brits deserve it cause you come here wanting cheap retirement " Well Mr Knuckle dragger hirsute homo sapien, I'm sure the greedy expats have kept your countrys economy floating very well thank you for the last several years. And by the looks of the decking in your mugshot you have had at least been afforded some hospitality in the UK,maybe U want some chilly sauce with that Guv, innit, blimey!

yorgozlu



Joined: 16/06/2009
Posts: 4437

Message Posted:
18/09/2011 00:25

bak sen mağaradan çıkma ,gendini görüp gendini beğenen ,başgalarının yazdıklarını annayabileceklerini düşünemeyecek gadar geri zekalı puşdun söylediklerine.



Eeeeeeee boşuna dememişler bu düya etme bulma dünyası diye.................





neysa hade annayana sivri sinek saz deyip bırakalım







off to renew my BRITISH passaport on monday.........wink

aussiejock



Joined: 06/10/2010
Posts: 350

Message Posted:
18/09/2011 00:59

Translated with google, I really haven't a clue what it means can you enlighten me yorgozlu





See you out of the cave, gendini gendini liked to see, think about başgalarının wrote annayabileceklerini gadar puşdun say retarded.

I did not say no avail in this world who find Eeeeeeee to .................

let fly, saying a sharp instrument neysa annayana ADHD







Robert

yorgozlu



Joined: 16/06/2009
Posts: 4437

Message Posted:
18/09/2011 01:25

aussiejock



ıt's written with the same manner as msg 24.



I'd like someone like Ismet abi who knows both languages to translate it as someone indipendent and he is a mod.

elko2



Joined: 24/07/2007
Posts: 4400

Message Posted:
18/09/2011 08:34

Yorgozlu,

I think the translation by Google is funnier than the original



Seriously, the main problem in a nutshell is this:

The Buyer (no.1), according to his original Sale Contract can assign or sell to others and indeed he can do so but the new buyer (no.2) understandably wants to sign a new contract with the original Vendor for obvious reasons. The original vendor has no legal duty to sign such a contract unless the original sale contract stipulated such a thing specifically. Hence the problem. The original vendor has a point about administrative charges because it involves some work for him. the selling price to buyer no.2 may be higher but there is no need to show this difference and any contract to be signed by vendor and no.2 can show the original price in order to avoid any increased taxes. I think the cost of the second contract to the vendor may be reasonably 500 pounds and I think 2000 pounds is excessive but there is nothing illegal about it. The original buyer has the option to sue the vendor for compensation in liue of the title deeds. It may work but I doubt it. Of course the buyer no.1 can sign a contract with buyer no.2 and it will be binding on the vendor but why should buyer no.2 take extra risks? The vendor may claim that buyer no.1 owes him some money and buyer no.1 may not be available to refute such a claim. so it is not a practical option.

Name ans shame is the only option left.

ismet

Mambosun


Joined: 27/05/2011
Posts: 112

Message Posted:
18/09/2011 10:28

thankyou the site is the Sea Vistas Site catalkoy.

misunderstood


Joined: 08/04/2011
Posts: 1004

Message Posted:
18/09/2011 13:22

Name and shame and join Stop the Blackmail in North Cyrus facebook Group, this is as good an example of blackmail as any .

Mambosun


Joined: 27/05/2011
Posts: 112

Message Posted:
18/09/2011 13:26

Thanks misunderstood will do,

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
18/09/2011 14:06

Even if the money is paid what guarantees are there that this builder will give the deeds to the new buyers? If he refused to hand them over to the original buyers as agreed in the contract and when all monies had been paid, why give them to the new buyer? This money making scam could continue indefinitely from buyer to buyer.

misunderstood


Joined: 08/04/2011
Posts: 1004

Message Posted:
18/09/2011 18:36

I see you are an Estate Agent Mambosun, glad to have you on Stop the Blackmail, we need honest Estate Agents here in the TRNC. YOur attitude does you credit.

eyebob


Joined: 22/06/2010
Posts: 143

Message Posted:
18/09/2011 20:54

Just hold a gun to his head and ask him if he is really, really, REALLY serious. If he says yes, pull the trigger, if he says no, problem solved.Either way, problem solved!!!

yorgozlu



Joined: 16/06/2009
Posts: 4437

Message Posted:
18/09/2011 22:45

agree Ismet abi



stop going around the bushes....................name and shame them



I have also been told that some builders go as far as charging 4% stopaj and 5% vat even though the seller does not have the deeds and the new buyer has to wait for their ptp.





ı shall be going to tapu ın girne this week to enquire whats what

misunderstood


Joined: 08/04/2011
Posts: 1004

Message Posted:
19/09/2011 08:11

eyebob. YOu could be on to something, we could go shoot the offenders and then our housing problems would all be solved, be a bit crowded in the prison. Be nice to not have to worry about accommodation though wouldn't it?



Give a new meaning to 'kill all the lawyers', 'kill all the liars'? JOKE, honest officer!!

Deniz1


Joined: 28/07/2009
Posts: 3829

Message Posted:
19/09/2011 08:47

Funny isnt it Mambosans profile says his name is Ali. But in an earlier post he said bazzagirl is his wife. Her husbands name is Tony. ??

Mambosun


Joined: 27/05/2011
Posts: 112

Message Posted:
19/09/2011 09:53

So everybody's profile is legit what about your friend the RTC man he supposedly is Andy McNab, build a bridge and get over it

Mambosun


Joined: 27/05/2011
Posts: 112

Message Posted:
19/09/2011 09:56

misunderstood thank you for your kind comments, i am a Director of a large estate agents in North London dealing in commercial property, sorry not in the TRNC, here i am just another victim like many others.

Mambosun


Joined: 27/05/2011
Posts: 112

Message Posted:
19/09/2011 12:42

Message 39 even though we paid in full for our apartmentl including KDV and stamp duty we were told that we or our buyer would have to pay KDV again so you are right in what you have said

bertieboss


Joined: 22/07/2011
Posts: 149

Message Posted:
24/09/2011 03:05

It pains me to hear of the decent folk who have been duped in the TRNC.

Luckily we decided against buying there some years ago.

We have been there on holiday every year since 1990.

This year we stayed yet again in Karmi and I have to say - never again.

TRNC is slowly being spoilt by corrupt politicians, noise pollution, dangerous driving,ridiculous speed limits , lack of road signs,a dreadful airport with surly incompetent staff and arrogant London turks and their bimbo wives.

I think the whole place now exists largely for the scum who run brothels and casinos.

I feel sorry for the majority of locals who have always been friendly, helpful and very nice people.

Good bye TRNC - and the south is in an even more advanced state of decay.

Mambosun


Joined: 27/05/2011
Posts: 112

Message Posted:
24/09/2011 09:34

Bertieboss, you are so right we have a few cypriot friends and they say how bad it's getting, so sad!

girne 29


Joined: 06/12/2007
Posts: 1488

Message Posted:
24/09/2011 18:04

''if you are intending to sell for more than you bought for''



thats what I like ,a bit of humour to brighten things up.

girne 29


Joined: 06/12/2007
Posts: 1488

Message Posted:
24/09/2011 18:18

''However things will change based on necessity''



Bradus, no they wont!



You are talking about a business mentality that uses the logic of --I have half the customers I

had last week ,business is falling . How can I improve business and turnover.I know! double my prices ,

girne 29


Joined: 06/12/2007
Posts: 1488

Message Posted:
24/09/2011 18:29

Bradus

Sorry forgot to add.



''Once the goose has laid all its golden eggs, there will be a mad panic in an attempt to get the buyers back. Only then will robust laws be introduced and guarantees put in place in order to encourage buyers back.''



Think its too late now ,even the better run places, never mind a dodgy place,

will find it difficult to attract anyone .It seems now that the way things are going economically in the world ,with talk of banks and markets crashing,using hard earned savings on holiday homes will be way down the list of priorities.

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
24/09/2011 19:42

Valid points Girne 29. I certainly agree with the business logic you describe but this can only be perpetuated if there are future customers and there are now very few. Many foreign buyers are returning home and those deciding to live in the TRNC are renting and not buying. Most of the properties being rented out are owned by Brits.



Very few new properties are being built and even those that are built are standing empty. Turnover of the many bars and restaurants is worrying but not surprising given the lack of tourists.



There will always be a market for retirement homes, particularly for those that can release much needed capital and buy cheaper.However with the heightened negative publicity regarding the risks of buying in Cyprus it is unlikely that this will be the choice location.



The TRNC needs to look at the desperate measures and laws Spain has needed to implement to entice new buyers.