Frank and Joan selling up

orangekazzie



Joined: 31/07/2007
Posts: 1091

Message Posted:
22/10/2008 11:19

its being reporting on their blog that they are selling up and leaving the island

http://www.frankandjoan.com/news/2008/oct.htm

jonnytwoscoop



Joined: 27/08/2008
Posts: 142

Message Posted:
22/10/2008 11:45

I for one will miss their blog , as frequent visitors to TRNC it has become a part of my daily routine to check out what has been happening in and around Girne and also Franks take on the weekly news, it is almost as addictive as this forum, I wish them both well and hope that someone else can take up the mantle and find the time to produce another blog on life in TRNC.

Many thanks Frank & Joan ,

PtePike



Joined: 20/05/2008
Posts: 2334

Message Posted:
22/10/2008 12:00

At least they issued a warning to others:





There is considerable unrest about Central Bank statements concerning loans made to builders on land and property which has been sold to expats and others. We all know that things have slowed down, so builders are struggling to repay loans and the banks have issued a warning that suggests that homeowners could lose their homes if the banks are holding the deeds against these loans. Akan Gurkan, one of the leading solicitors here, says that it would not be easy for home buyers to lose their property and they could take the issue to court. He blamed the banks for allowing mortgages on land that they already knew had been sold on to home buyers.

Notsoboredhw


Joined: 15/03/2007
Posts: 1254

Message Posted:
22/10/2008 12:58

What a lovely couple. They have helped us enormously and without their help our apartment wouldnt look like it does. Joan was very very helpful when we bought all our furniture and curtains through them. Just want to say a huge thank you to you both and wish you all the very best in your new destination!!! Nicky and Mark

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
22/10/2008 13:10

Leave it out Pike...

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
22/10/2008 13:12

I too will miss Franks blog. It has always been enjoyable as well as informative.



Frank has also been very helpful to us personally in respect of fitting out our kitchen and airconditioning.



Fully understand their proposed move to France and we wish them both well.They will be

missed by the TRNC community.



wyn

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
22/10/2008 13:20

Where are they going?

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
22/10/2008 13:23

Well they seem to have done their homework....



We considered the Dordogne... but decided against it for now... Here suited our needs and those of our children better...



I have relatives living there (in the Dordogne) and we love the rural (real) french people... they are different breed than the Parisien poseurs.. (my term)



I hope they live long and happy... and let's hope the never need to avail themselves of the medical treatment.

porter


Joined: 16/10/2007
Posts: 74

Message Posted:
22/10/2008 14:24

i will miss there bloggs to, good info, i hope they enjoy france and sell there villa soon good luck to them both PORTER....

keith


Joined: 03/04/2007
Posts: 272

Message Posted:
22/10/2008 14:41

Found there Bloggs very informitive and plenty of great information whivh them well in there new adventure

Keith

JimmyG


Joined: 14/08/2008
Posts: 900

Message Posted:
22/10/2008 17:39

The good news is that Frank will continue with his blog when they finally move to France so we'll still be able to follow their fortunes. I wish them well

PtePike



Joined: 20/05/2008
Posts: 2334

Message Posted:
22/10/2008 18:03

Groucho,



Fair enough. I'll leave it all out apart from this part, which I think anyone who has not done their homework but who still has some savvy should take note of:



"We all know that things have slowed down, so builders are struggling to repay loans and the banks have issued a warning that suggests that homeowners could lose their homes if the banks are holding the deeds against these loans."



Frank and Joan do know a bit about N Cyprus. If this has been happening - and we know it has - you can be pretty sure it's on a massive scale. With the state of the ecoomy now, I'd say bad things are going to happen to some people sooner or later.

cocos


Joined: 04/04/2008
Posts: 129

Message Posted:
22/10/2008 19:02

For once I agree with what Ptepkie is saying. It is very true that there are many huge mortgages on land that the builders cant repay. Now I think for the builders to take out mortgages when they have signed contracts of sale to people should be seen as fraud but its not here. The banks are negligent in giving huge mortgages for land they must know have been the subject of sales contracts but its not illegal. There are cases now where banks are going to foreclose on the land and put it up for auction. We are at risk of losing what we've paid for in good faith. Akan Gurkan is a fine one to talk considering he didnt explain all this before we signed our contract!

The butler


Joined: 22/06/2007
Posts: 1958

Message Posted:
22/10/2008 19:44

We are in this position, our complex has been mortgaged by our developer after we have all paid for our properties. It was free from encumbrance when we bought but has been mortgaged without our knowledge and only came to light when we registered. The ironic part of this is the developer owns a newspaper and is running a campaign to name and shame other builders for this practice. I agree the banks should check out if the land has been sold before giving these loans and it should be made illegal.



Stephen

sylvie


Joined: 12/03/2008
Posts: 1081

Message Posted:
22/10/2008 20:00

bonne chance a vous deux - la france est très agréable aussi, je suis sure que vous vous y plairez - nous sommes dans le centre-ouest - la loire valley - peut etre un jour.....

Nunu1


Joined: 31/03/2008
Posts: 536

Message Posted:
22/10/2008 20:37

Bonsoir Silvie, En Angleterre Sil vous plait.........





nunu

bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
22/10/2008 21:24

Not much consolation for people who now find themselves in this position but at least (hopefully) all new purchasers will have their contracts registered and find this out at a very early stage, before they have parted with most of their money.



That is of course unless you listen to those builders who are still telling their clients "there is no need to have your contracts registered"

sylvie


Joined: 12/03/2008
Posts: 1081

Message Posted:
22/10/2008 23:25

hello nunu,



en anglais - ok i just said " good luck , france is a very nice country - living myself in the center ouest - la loire valley " (where all the castle are) - maybe one day !

jonnytwoscoop



Joined: 27/08/2008
Posts: 142

Message Posted:
23/10/2008 20:17

Frank has now put their villa on the market, so if any of you guys out there know anyone who may be interested you can download the pictures from the link below, Good luck Frank & Joan will miss the informative posts from you , hope you manage to get a decent price for your home.

http://www.frankandjoan.com/news/2008/oct.htm

Quarmby


Joined: 15/09/2008
Posts: 975

Message Posted:
23/10/2008 20:41

I had first class health treatment in the UK, I find their comments a dammned disgrace, who do they think they are.