Homes from Hell - ITV 9pm Tuesday

[kenkay]

quote:Originally posted by Anne

wooden spoon comes to mind

Meee [?] Back on topic, it's on again tonight, ITV1 @ 11:35  

[loz]

quote:Originally posted by Cavfan

Holiday homes from hell closer to home- in Calis! Friend of mine bought an apartment on a complex along from Violet. This is a few years ago when they were new builds- anyway upshot is she never got her tapu despite several expensive attempts and now in the last month or so it's been repossessed by the bank as its been remortgaged by the developer. Not only that they've seized her contents too! Not a nice story  . The more I hear about stuff like this the less enamoured with the place I am! I cant name the developed but I bet he's 'roaring' !

There are many properties purchased by people who think or thought they owned them, one developer has sold properties twice (15 Brits involved) some the banks now own properties leaving the purchasers needing to repurchase from the banks if they want to keep their villa/apartment.

I posted this on FB

quote:Homes From Hell, Turkish-law, justice, 2 words not recognised in the Turkish judicial system, and IF you win your case, then don't go popping the champers to early, pass it to your great gran kids to maybe enjoy.

[Scunner]

The MOST IMPORTANTthing purchasers must understand, and so frustratingly often DO NOT is that the property you purchase is not yours:

1. When you agree to buy it
2. When you sign a contract to buy it
3. When you go to the notary office to sign some old guff
4. When you pay a deposit
5. When you have paid 100% of the money to the developer
6. When the developer gives you the keys
7. When you move your furniture in
8. When you arrive with your suitcases for your holiday

IT IS YOURS WHEN YOU HAVE THE TAPU IN YOUR NAME(S)

Now, please listen, I will not make it this simple for you again...

EVEN IF YOU HAVE PAID IN FULL FOR YOUR PROPERTY AND HAVE THE KEYS, IF THE DEVELOPER IS IN FINANCIAL TROUBLE AT HIS BANK - EVEN IF IT IS A MATTER ENTIRELY UNRELATED TO YOUR PROPERTY - AND YOU HAVEN'T RECEIVED YOUR TAPU - IT IS AN ASSET OF THE DEVELOPER, AND THE BANK WILL PURSUE ALL ASSETS OF THE DEVELOPER TO SEIZE - INCLUDING THE PROPERTY YOU BOUGHT. YOU CAN NOT ARGUE IT IS YOURS -

IT ISN'T

[Cavfan]

Must have checked my tapu 10 times recently for that very reason! I remember at the time we paid for ours in the September and got the tapu in my hand the following May and during the intervening period I never worried about it! Now is a differnt matter ! Wouldnt sleep at night! [!]

[Scunner]

Yes indeed Cavo, things were different in the good old days  

Builders often started small - maybe 4 apartments in a small block, sold them in no time, built 8, sold them in no time, built 16, sold them,  32, all gone, 64 - last few remaining...

Then built 128 and the market disappeared. Can you imagine how in debt they are when they have built them but haven't sold most of them?? 128 apartments all built with concrete on credit, windows on credit, kitchen installers not paid yet, tilers same, and on top of that the bank and taxman pushing themselves to the front of the queue? You need to be sure your developer is in good financial shape.

Now here's the funny (tragic) part. The developer will prove to you they are in good shape. How? By showing you the 128 apartment project they just completed!!! Then offer you one at 40% discount if you pay a lot of the cost quickly. Why do they have to offer you such a huge discount if they are in robust financial shape - and why would such a stable company want your money so quickly...  

All the clues are there. Some developers are in good shape. They aren't necessarily the big ones. Beware of amazing deals - you may buy the bank a property, because you may pay for it but never own it.

[Jukebox]

Not wanting to go off topic but may I just clarify that I refered to the guy as a pratt in my post, not a t**t. Apologies if that causes offence, i genuinely thought he was behaving like one.

[Jukebox]

quote:Originally posted by Scunner

I don't think Shaun is middle class Anne

How can you say that Scunner, you've met me!  

[Jukebox]

quote:Originally posted by kenkay

Meee [?] Back on topic, it's on again tonight, ITV1 @ 11:35  

Ken , it's last nights episode repeated. Apologies if you already knew that.

[Scunner]

No it was that very naughty Anne, she should know better  

[Anne]

I'll consider my wrist slapped:-\