Definitely but it should be your lawyer that should reply. Go to a lawyer explain the situation and get a case together and get your money back. Seriously. They will take you more seriously with a lawyers letter.
Pm me your private email.
This is CFPs mistake. Misdirection and misleading is the case.

Hi my email is robsparadise@yahoo.co.uk

Look, guys, this is not good stuff. You should be asking a lawyer not trying to seek "free advice" on the internet. Ask an independent lawyer, not someone who is not a lawyer and who doesn't even know if he is right - get professional advice to set things right.

Yeah, it might cost you a bit - but how much do you stand to lose? Come on....

Best

__________________
Jain Goodall, Director, Quest Bulgaria Magazine

For owning and buying property in Bulgaria
http://www.questbulgaria.com

Hi

point taken sorry Jain and Chris

Thanks

Regardless of what Jain & Chris say, this is very good stuff. The only people it is not good stuff for is agents trying to sell property and if they are doing all above board in a creditable manner they to have nothing to fear. Market awareness has to be beneficial for everyone be it professional or amatuer.

Go see a lawyer, yes excellent idea! Get caught after you have killed the Mrs and go and see any lawyer or the best lawyer you can find? Lawyers are as a profession, like any other. In my opinion 10% are very good, the remainder are yellow packs who stamp things for you or get an opinion from a barrister. A lawyer working for you is no different to someone sweepig the street for you. They work for you and should do it as you say. if you do not say what you want done they will do it their way and because you do not know any differnt, you like many others will accept the same.

Subjects like this need to be discussed openly and honestly or other Rob James do not get to learn.

This young lad is about to lose everything he has because he was knowingly decived by the party giving the representation.

Based on this representation that you will get finance no problem he entered into a contractual obligation where he stands to lose in excess of 20,000 euro.


Whether the agent believed or not that he would get the finance is incidental. The fact is the agent made this represntion whther deceitfully or recklessly knowing the buyer relied upon it otherwise he would probably not have bought.

In legal terms this is misrepresentation. It soes not matter if it was malicious, fraudulent or careless. You the readers can form your own opinions.

The reality is the buyer entered into a contract where he stood to lose money based upon the representation made by the agent. The buyer would not have entered the contract without this representation and only did so on reliance of this representation.

In laymans terms for non lawyers.

'This buyer was told he could get finance no problem, otherwise the buyer would not have bought. The person telling him finance would be no problem did not know he could not get finance or was careless/fraudulent as to whether he could have got finance or not. Either way he used the 'You will get finance' as a carrot to get him to buy other wise he would not have bought.

Topics like this must be discussed on open forums otherwise Agents will be able to rely on the ignorance of potential buyers for exploitation that is verging on criminal activity and in sometimes in my qualified opinion actually criminal. So as long as people keep quiet and dander off to see their lawyer what hope is there ever of


1. Putting pressure on the legislatures in the UK & Ireland to regualte the sales of overseas properties.

2. A collective group action being taken against such agents?

3. Investigative journalisists ever knowing the magnitude of such occurances with effect that people who have failing endowment policies, pension plans or planning for their autiminal years are being deceived.

Knowledge brings wealth and people have the right to know what is going on so that they can at least be in a position to make an informed decision.

David Howe LLB. LLM

Investment Romania - Property Romania, Invest Romania, Investment Romania

Well said David.
This subject is just as important as which country is the best for investment.
How many more people have to get stung or lose their life saving before the industry is regulated...............because it isn't regulated. FACT.
Public Forums are for public discussion. They are hear so people will learn and increase their knowledge and David Howe is in my opinion a testament to this.
I also note that he has a qualification of LLB and LLM and from this, correct me if I'm wrong David but you have a Degree in Law and a LLM makes you a Master of Laws.
How can this information be "bad stuff"

[/quote]How can this information be "bad stuff"[/quote]

Well if you are an agent practising this sort of activity, having informed investors means you cannot innocently or maliciously deceive people. therefore for the innocent agent making a mistake there is a benefit in that he will not innocently deceive anyone. In the case of the con men they are denied opportunity in the same was a burglar is when your house alarm is activated or even, God forbid the Police/Gardia convict them.

As for qualifications you are correct I have a law degree and am a Master of Laws from Trinity College Dublin, which I am sure all will agree is a very reputable University and a qualification that allows me to express opinion on law for the benefit of others to clarify.


David Howe LLB. LLM

Investment Romania - Property Romania, Invest Romania, Investment Romania

Hi reynolds the size of the studio is 34,70m2, but it says on my contract

" 34, 70m2 together with the respective ideal parts of the shared parts of the building and the right of the construction equal to 41,64 m2 according to the price and the area formation".

What ever that extra information means, I would sell for what i paid for it which is 74138 euros. i have paid the first 30% of 22200 euros. so 51896 euros are outstanding. My lawyer has the closing costs of 4005 euros that cover everything including stamp duty, land registry etc,

I would be willing to allow the buyer to have these closing costs as long as the can pay me the 22200 euros to take over the contract.

That would mean the buyer would pay me 22200 euros for my 30%part , then pay the last 70% (51896 euros) to the developer and have their closing costs alreay covered.

Luckily with the help of jain and chris recommendation there is a possible chance of an extention of my contract which may allow me time to sell the appartment and not lose my life savings. But i cannot get the extra money to complete as my mortage amount is not enough so i have to sell as quick as possible.

Thanks

Hi there

I have the same problem, see previous posts of mine (which have now been locked!). Please get in touch as I am now getting a list of people together to fight this unethical and deceitful by financial and agents. (I also think the lawyers and developers are involved too). Write to me in PM and tell me who the agents are?

Hi there

I am trying to get a group together for this and it is gradually getting bigger.
I believe my lawyer (for my purchase) is protecting the agent, not working for me. Can you PM me with any info that I could write directly to my lawyer to make my case. How can I make an informed opinion if I am not being given all the facts. If a company has to lie to get a signature then something must be wrong. Please if anyone reads this join the group to fight unethical practice.
Get in touch with me.