Cyprus-Forum.com

[Oracle]

The case is between the bank and the land developer who also sold the houses he built and when he couldnt repay his loan the bank put the land up for sale to close off the land. All the home owners have to do is band together and buy the land end of story.

Yeah ... pay TWICE ... for stolen land which will NEVER belong to them as the ECJ will be breathing down their red-necks!

[Kikapu]

The case is between the bank and the land developer who also sold the houses he built and when he couldnt repay his loan the bank put the land up for sale to close off the land. All the home owners have to do is band together and buy the land end of story.

So what you are saying is, they should buy the land AGAIN, since they already bought it the first time when they bought the property. So what's to stop any developer from first taking the money for the land/property from the buyer, not pay the bank what he owes, do a runner, and then ask the buyers to pay AGAIN to settle with the developers debt with the bank.

This scam is far better than the movie, "The Sting".!

These buyers came to the north to buy cheap stolen GC properties. They did not come to the north to pay the market rate at the end of the day by paying twice and still be on stolen GC land who may get a knock on the door anytime with court papers from the RoC based on the ECJ ruling. If they wanted to pay the market price, they would have bought in the south instead, even though they could also face similar problems there with the deeds, but at least they won't have to worry about the ECJ ruling.!

[Viewpoint]

The case is between the bank and the land developer who also sold the houses he built and when he couldnt repay his loan the bank put the land up for sale to close off the land. All the home owners have to do is band together and buy the land end of story.

So what you are saying is, they should buy the land AGAIN, since they already bought it the first time when they bought the property. So what's to stop any developer from first taking the money for the land/property from the buyer, not pay the bank what he owes, do a runner, and then ask the buyers to pay AGAIN to settle with the developers debt with the bank.

This scam is far better than the movie, "The Sting".!

These buyers came to the north to buy cheap stolen GC properties. They did not come to the north to pay the market rate at the end of the day by paying twice and still be on stolen GC land who may get a knock on the door anytime with court papers from the RoC based on the ECJ ruling. If they wanted to pay the market price, they would have bought in the south instead, even though they could also face similar problems there with the deeds, but at least they won't have to worry about the ECJ ruling.!

New laws have been passed to stop this type of transactions, houses sold are now noted at the land registery and the building ccompany cannot mortgage the land without all the interested parties consent.

Yes you are right the buyers of houses will have to pay out for the land a second time but if the loan at the bank is very small then they will pick up yet another bargin..all depends how much the builder borrowed from the bank.

[Kikapu]

Hilarious! One idiot goes…

“This is criminal

If you sell something that you don't own it fraud

So why are the police not arresting him”

Amazing! All of a sudden they have a conscience and understand law!

If you sell something that you don't own it fraud

The idiot who made that statement did not quite finish the sentence, which is, that it is also a crime and a fraud to buy any stolen property, which is what they did, so I say to them, "take it like a man", boys.!

What was it that my ex girlfriend would say in a situation like this. Oh yeah, I remember;

"If you can't fuck a friend, who can you fuck".!

:lol:

Well, they just got fucked by their trusted lawyer and developer friends.!

Here is a version of what goes on in the north with the GC properties. It is just like what a whore does, which she says,

You have it, you sell it, you still have it.!...............What a business.!

Thank fuck we are not friends K ? phew.

Isn't the law the same in the south regarding builders, loans and banks? Isn't there a title deeds problem there too?

You don't stand a chance in hell making friends with me YFred, not unless you apologise for mocking my childhood experience as a captive by the GC's from Küçük Kaymakli in 1963. With your kind of sensitivity towards victims from the war, you best be making friend with the Fascist NeoPartitionist, which is where I believe you would feel more comfortable. Just make sure you keep your back to the wall, because if anyone is going to bang you, it will be these friends of yours.!

[denizaksulu]

Ph-----g hell. Happened sooner than expected. I blame Oracles prediction. She had no intention of keeping her promise anyway.

This bit says it all

" One purchaser has an original letter from Munir Akil stating: 'I hereby confirm from the searches carried out that there are no encumbrances, registered charges, mortgages, injunctions, interim orders, or any other charges or impediments over the property”.

This honesty by the solicitors is symbolic of the whole Norths attitude. Shame on the northern legal profession.

[Oracle]

Further proof that Viewpoint is an Estate Agent illegally selling GC owned homes ...

He cannot resist butting in to encourage the Brits to keep throwing bad money after bad ...

[Kikapu]

[Kikapu]

New laws have been passed to stop this type of transactions, houses sold are now noted at the land registery and the building ccompany cannot mortgage the land without all the interested parties consent.

The TCs don’t buy into any of the so called laws in the north, so don't expect the foreigners to believe them. This is were this saying is very appropriate;

"Fuck me once, shame on you. Fuck me twice, shame on me.!"

The foreigners are getting the message, that the longer they stay in the north, they will lose everything drip by drip, by drip, by drip.! They can't sue anyone, since the whole system in the north is corrupted, so they will be throwing more good money after bad. These suckers are really "dead ducks" and do not stand a prayer in suing anyone in the north and actually winning anything. Oh well, they were blinded by Greed, therefore they deserve everything that comes their way.

Yes you are right the buyers of houses will have to pay out for the land a second time but if the loan at the bank is very small then they will pick up yet another bargin..all depends how much the builder borrowed from the bank.

We are talking about £800,000 pounds here. I forget how many people are involved, but it's around 10 buyers, you are talking about £80,000 pounds each. You think money grows on trees or what. These buyers are after cheap property where they can make money upon selling it, but the way things are going, some are already "under the water" with what they paid for it, and this is without the ECJ ruling concerns. I don't think anyone is going to throw Good Money after Bad, and personally, I don't blame them, as much as they deserved to be screwed much more by buying GC properties in the first place.

[Kikapu]

Further proof that Viewpoint is an Estate Agent illegally selling GC owned homes ...

He cannot resist butting in to encourage the Brits to keep throwing bad money after bad ...

It would go along very nicely for him in wanting a partition, otherwise VP will be in jail as soon as a settlement is reached or else he would be back in the UK.!

[Viewpoint]

New laws have been passed to stop this type of transactions, houses sold are now noted at the land registery and the building ccompany cannot mortgage the land without all the interested parties consent.

The TCs don’t buy into any of the so called laws in the north, so don't expect the foreigners to believe them. This is were this saying is very appropriate;

"Fuck me once, shame on you. Fuck me twice, shame on me.!"

The foreigners are getting the message, that the longer they stay in the north, they will lose everything drip by drip, by drip, by drip.! They can't sue anyone, since the whole system in the north is corrupted, so they will be throwing more good money after bad. These suckers are really "dead ducks" and do not stand a prayer in suing anyone in the north and actually winning anything. Oh well, they were blinded by Greed, therefore they deserve everything that comes their way.

Yes you are right the buyers of houses will have to pay out for the land a second time but if the loan at the bank is very small then they will pick up yet another bargin..all depends how much the builder borrowed from the bank.

We are talking about £800,000 pounds here. I forget how many people are involved, but it's around 10 buyers, you are talking about £80,000 pounds each. You think money grows on trees or what. These buyers are after cheap property where they can make money upon selling it, but the way things are going, some are already "under the water" with what they paid for it, and this is without the ECJ ruling concerns. I don't think anyone is going to throw Good Money after Bad, and personally, I don't blame them, as much as they deserved to be screwed much more by buying GC properties in the first place.

Again its obviously you know nothing about the TRNC...and if the bank wishes to cut its loses the sum could be much lower, just wait and see how thing transpire.