Cyprus-Forum.com

[Gasman]

Court awards couple €100,000 in property case

http://www.cyprus-mail.com/cyprus/court-awards-couple-100000-property-case/20100925

Whether they ever get the money is another matter. But this huge problem is at long last being addressed, albeit slowly.

[Milo]

Gasman you may be interested to know that ONE of Conor O Dwyers cases the alleged second assault is to reach a verdict on Wednesday.

[Gasman]

Hi Milo. Yes I read about that. Perhaps I should have said this problem was at last being 'acknowledged' rather than 'addressed'.

[CBBB]

We are back on the that well known conman Conor O' Dwyer who tried to extort money from his developer.

[Oracle]

We are back on the that well known conman Conor O' Dwyer who tried to extort money from his developer.

Billions wasn't it?

[Gasman]

Yes Karayiannas - that pillar of GC society. Now suspended from the Association of International Property Professionals!

From International Property News:

The Conor O’Dwyer case has reached such a level of international notoriety it is difficult to see Cyprus ever living it down.

[Oracle]

Did shitbag say Cyprus has some "international" status?

Hey GR! it has contradicted itself again!

[Gasman]

Cyprus Developers in breach of EU directive

IN A REPLY to questions raised by MEP Ashley Fox in the European Parliament the Commission has replied positively saying that misleading claims made by unscrupulous developers concerning Cyprus’ planning and building regulations is an unfair commercial practice and therefore in breach of the ‘Unfair Commercial Practices Directive’, 2005/29/EC.

[Get Real!]

Yes Karayiannas - that pillar of GC society. Now suspended from the Association of International Property Professionals!

From International Property News:

The Conor O’Dwyer case has reached such a level of international notoriety it is difficult to see Cyprus ever living it down.

Sorry but I don't believe that! You taught me earlier that Cyprus NEVER makes international news!

Are you calling yourself a liar?

[Milo]

Cyprus Developers in breach of EU directive

IN A REPLY to questions raised by MEP Ashley Fox in the European Parliament the Commission has replied positively saying that misleading claims made by unscrupulous developers concerning Cyprus’ planning and building regulations is an unfair commercial practice and therefore in breach of the ‘Unfair Commercial Practices Directive’, 2005/29/EC.

I wonder if this Unfair Directive will cover the fact that one or two banks here charge more mortgage interest to EU citizens than to Cypriots Maybe they would also like to know that many buyers living in the UK received letters at their UK homes from developers and banks in Cyprus who granted them mortgages to purchase property on the Island.

These letters warn that legal action will be taken against them in the UK courts if they fail to maintain their mortgage repayments. Some people who have received these warning letters were totally unaware that they even had a mortgage; all are very concerned of the threat of losing their homes!
It appears that lawyers (allegedly) acting on their behalf arranged mortgages after buyers had signed Power of Attorney documents that gave their lawyer very wide ranging powers to do just about anything on their behalf (including taking out mortgages they did not want, ask for, or need). But this can be challenged. As the laws on POA in Cyprus are watertight, banks have now realised this and are asking some to sign new mortgage agreements They won,t if they have any sense.

The Cyprus banks are also sending out letters to those with mortgages asking them to sign statements confirming that they were advised of the dangers regarding exchange rate fluctuations and possible increases in other currencies interest rates. Pretty obvious they were not advised.