Cyprus-Forum.com

[Lit]

BREAKING NEWS 08.JUN.10

A group of British home-buyers in northern Cyprus have had their homes forcibly sold at auction after a land owner and developer defaulted on a secret bank loan.

The loan was taken without the knowledge of the home owners, leaving them without a place to live and no help from the Turkish Cypriot administration.

The homes, all bungalows on a small complex, were purchased between 2005-2008 on the “Kulaksiz 5” estate in occupied Vasilia village.

It is understood that all the British owners have been thrown out from their houses in spite of the fact that they are fully paid for.

The former Turkish Cypriot leader, Rauf Denktash visited the village where the auction was taking place in order to express his support to the British residents.

“Behind this there are 1400 British citizen in the same situation having houses which will be subject of sale”, said Denktash.

He added that if this trend continues the housing sector in north Cyprus will totally collapse.

“This is a bigger weapon than the Orams case. I have written letters to the ‘president’, to the ‘prime minister’ and the ‘minister of finance’. All of them are closely interested but they could do nothing with the bank. ‘President’ Eroglu told me that ‘in the new law these people’s houses would be saved on the condition of taking separate title deeds, but now nothing can be done for the victims’. They were sold, because they were in the old law. This cannot happen. Could this happen? Is this justice?” he said.

Turkish Cypriot daily Afrika newspaper ran a banner headline reading “Worse than the Orams”; the paper writes that “it has been proved once more that northern Cyprus is an appropriate place for ripping off and for being ripped of”.

Turkish Cypriot daily Yeni Duzen newspaper refers to the issue under the banner “Day of shame”.

http://www.famagusta-gazette.com/defaul ... te&he=.com

[Gasman]

And the same thing has been happening in the RoC for many years.

Developers taking out loans on homes they have sold and been paid for.

[Malapapa]

BREAKING NEWS 08.JUN.10

Re: Horror in N. Cyprus at public auction for ex-pats houses
A group of British home-buyers in northern Cyprus have had their homes forcibly sold at auction after a land owner and developer defaulted on a secret bank loan.

Too right, "horror". What do you expect when you suck Satan's cock? Romance?

[B25]

carpetbaggers deserve all they get. No sympathy here.

perhaps we should spare a thought for the original land owners evicted from their properties so these cheapskates can move in.

May all the carpetbaggers suffer that same plight.

[DT.]

And the same thing has been happening in the RoC for many years.

Developers taking out loans on homes they have sold and been paid for.

Where? When did this happen?

[denizaksulu]

And the same thing has been happening in the RoC for many years.

Developers taking out loans on homes they have sold and been paid for.

Where? When did this happen?

I have come across these incidents and court cases in the Cyprus Mail. Parhaps asearch would be useful. I cant imagine its worse that up in the north where its all stolen land/properties.

[DT.]

And the same thing has been happening in the RoC for many years.

Developers taking out loans on homes they have sold and been paid for.

Where? When did this happen?

I have come across these incidents and court cases in the Cyprus Mail. Parhaps asearch would be useful. I cant imagine its worse that up in the north where its all stolen land/properties.

not disputing it if it happened deniz just really interested to know which developer did this.

[denizaksulu]

And the same thing has been happening in the RoC for many years.

Developers taking out loans on homes they have sold and been paid for.

Where? When did this happen?

I have come across these incidents and court cases in the Cyprus Mail. Parhaps asearch would be useful. I cant imagine its worse that up in the north where its all stolen land/properties.

not disputing it if it happened deniz just really interested to know which developer did this.

I do remember a brit was involved in one case. The other involved a Cypriot I think. I read it about two years ago.

[YFred]

And the same thing has been happening in the RoC for many years.

Developers taking out loans on homes they have sold and been paid for.

Where? When did this happen?

I have come across these incidents and court cases in the Cyprus Mail. Parhaps asearch would be useful. I cant imagine its worse that up in the north where its all stolen land/properties.

not disputing it if it happened deniz just really interested to know which developer did this.

I do remember a brit was involved in one case. The other involved a Cypriot I think. I read it about two years ago.

If the law allows it, are we really surprised that it happens?

What was the conclusion of this one?

http://www.cyprus-mail.com/cyprus/froiber-goes-bust

[Oracle]

I don't think anyone has actually lost any homes in the free areas with the equivalent scams we are presented with by the actions of the Turks in the occupied areas.

Yeah, some loudmouths wanted to extort Billions from Cypriot developers and (inadvertently) over-publicised their own greed, but there are no justified grievances!