Living in fear. AUCTIONS. Were the loans really taken out ?

Jwheeler&Sons


Joined: 10/06/2008
Posts: 141

Message Posted:
06/11/2010 02:04

Hope you all had a safe and fun bonfire evening.



Is there any proof, that loans were taken out against paid for properties?

TheSaints



Joined: 28/01/2009
Posts: 1369

Message Posted:
06/11/2010 03:25

see your stilling living in DOPE nope it's not a typo, you really need help girl........

TRNCvictim


Joined: 17/08/2010
Posts: 1417

Message Posted:
06/11/2010 21:46

The Saints, (mess 2)



You know nothing of this lady or what she has suffered through the TRNC system! you just surmise! perhaps you need help?

Jwheeler&Sons


Joined: 10/06/2008
Posts: 141

Message Posted:
07/11/2010 01:02

If loans were taken out against properties, paid for by UK Brits, by builders that have now evaporated to

mainland Turkey, like in the Akfinans case - did the banks involved use the BACS system to transfer the cash?



or could the auction rumours be false,just to increase stress levels?



Julie

CJtill


Joined: 02/05/2008
Posts: 836

Message Posted:
07/11/2010 10:22

Loans were taken out by developers, or shall I rephrase........A loan\mortgage was taken out by one of the largest developers in the TRNC on a complex already built, and sold to ex-pats in Esentepe.

The mortgage was in excess of £1 million, and I know this as a fact, because I and other Committee members actually met with the bank manager in question to discus the matter in depth.

The developer was good to their word, and paid of the mortgage when they said they would, but they were worrying times for the 71 owners concerned.

Michael