Sotos wrote:Those people seem to be pretty upset with the possibility of losing something which is not theirs to begin with! If they are so sensitive how come they didn't have a problem to buy properties stolen from innocent people at gun point?
oopsy wrote:Apparently there are 1400 properties with mortages taken out by the developer
(stop laughing at the back)
oopsy wrote:"Once again Builders are going bust in Northern cyprus, when properties have been bought and paid for by British people looking for a more peaceful way of life, only to find that local building companies
run up large debts with tradesmen, and landowners, so that all claims for compensation is acheived by
withholding titles, to be used as bargaining chips along with the properties, that have already been paid for. I have heard this year alone of a building company going bust, and all 13 expats who purchased on the site waiting for the notice to quit, so that the properties can be auctioned to pay the builders and the landowners debts. This includes property that is already occupied by the purchases, who have registered contracts, but do not have the deeds to their properties or plots.
This makes 52 families in the last 18 months that have suffered the same fate, with absolutely no
refund or compensation what so ever so the purchase price of £ 135000 is lost."
Another happy camper on a different site
http://www.cyprus44.com/forums/59519.asp
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