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DAMN TITLE DEEDS! - any answers??? - Page 2

 
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  #11  
Old 28-02-2008, 12:06 AM
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grumpy001 grumpy001 is offline
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Sisie, Nigels advice is spot on, and the 18 month estimate is unreasonable and unachievable in Cyprus. Many complexes will never have deeds issued for a couple of reasons.

Firstly re your solicitor, check his impartiality and distance from the other parties involved. Use the High Commission website to find recommended solicitors. If needs be drop him/her sooner rather than later. Nigels and the property action group websites are helpful.
Good luck, keep asking questions.
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  #12  
Old 28-02-2008, 07:20 PM
Nigel Howarth Nigel Howarth is offline
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Quote:
Originally Posted by kismet View Post
I would be much more concerned that your developer has a mortgage on the land. One way to overcome this is to ensure that your ownership ( signed sales contract) is lodged with the land registry. Even then if the developer goes tits up you will lose everything. But at least he cannot remortgage again as there will be a charge on the land registry file.
Unfortunately, in some circumstances, it is possible for a vendor to mortgage the land 'your' property is built on - even though you have deposited your contract of sale at the Land Registry for Specific Performance. The problem arises for building sites under division or for a part of a building, such as an apartment, under construction.

Regards,
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Old 27-03-2008, 01:24 PM
martinos martinos is offline
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My Friend
U Fell Into The Same Trap That All Cyprus Developers Are Carefully Preparing For All Foreigners
U See, Hear They Just Want Yr Money
They Dont Want To Give U Anything In Return

Good Luck
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  #14  
Old 16-05-2008, 07:35 PM
katharinestavrinou katharinestavrinou is offline
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The best solution to title deed woes is to buy a resale apartment with a clear title deed. If you are interested in a one bedroom in Agia Napa, send a message and I can give you information on an apartment I have there- full title deed, one bedroom 50 square meters for 50,000 pounds.
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