Evergreen Developments/North Cyprus International 12% guaranteed ROI

zozozo


Joined: 16/12/2008
Posts: 4

Message Posted:
17/12/2008 01:09

Hi did anyone else on the forum buy an apartment on Aphrodite using the 12% guaranteed ROI deal? I know this deal was sold through North Cyprus International, maybe some other places had the deal on too?

gazza


Joined: 15/05/2007
Posts: 161

Message Posted:
18/12/2008 00:10

hi zozozo.



we brought from nci with the same deal not that we intended using it,but it was a good selling point,but if it would be honoured is another matter.



gazza

Soothsayer


Joined: 19/11/2008
Posts: 134

Message Posted:
18/12/2008 00:45

ha ha ..

LoL

Madoff made ONLY 10% and now wears electrical foot chains...

Hector


Joined: 26/08/2008
Posts: 2352

Message Posted:
18/12/2008 00:49

Oh no he doesn't, he's out on bail. $10 million bail bond I think.

Soothsayer


Joined: 19/11/2008
Posts: 134

Message Posted:
18/12/2008 01:03

oh yes he is. he is on electrical foot chain incl 10 mill bail. they dont trust this b*st*rd

zozozo


Joined: 16/12/2008
Posts: 4

Message Posted:
18/12/2008 01:24

So Gazza correct me if I'm wrong, but you are saying Evergreen will breach the contract they signed?



I think Hector and Soothsaver have been on the Effes, lol

Soothsayer


Joined: 19/11/2008
Posts: 134

Message Posted:
19/12/2008 11:36

dont drink that shit, he is on bail 10 mil usd and wears a electrical footchain.. To Evergreeen: No, they will not breach the contract.. They will pay every single penny promised. (do they still excist?) ...

negativenick


Joined: 10/11/2008
Posts: 6023

Message Posted:
19/12/2008 11:42

does that mean if i buy two, i'd get 24% ??





Nick

Aussie


Joined: 17/06/2007
Posts: 657

Message Posted:
19/12/2008 12:13

Such guarantees are usually worthless as normally they aren't backed by entities with sufficient assets to payout if things go wrong. If problems arise usually all the money is gone or owed to priority creditors such as banks etc.



This applies anywhere in the world and is evidenced by the recent financial meltdown when many of the largest banks insurers etc have failed let alone property developers who regularly collapse even in good economic times.



If its not built into the price treat it as a bonus if honoured but don't depend on it.



Aussie

zozozo


Joined: 16/12/2008
Posts: 4

Message Posted:
21/12/2008 20:10

Reading between the lines, you all seem to be saying Evergreen are not to be trusted in any way what so ever.



Is this the case?

Becks


Joined: 17/11/2008
Posts: 130

Message Posted:
21/12/2008 20:19

more troublemakers on tthis board. why don't you all go away. no one here is biting anymore

zozozo


Joined: 16/12/2008
Posts: 4

Message Posted:
22/12/2008 01:57

Sorry Becks are you addressing me?



I hope not, I don't understand why you would think I'm fishing for anything. My post is solely to contact people who have bought with Evergreen and NCI (or another agent) on the 12% ROI contract.



Others who have expressed their opinions about Evergreen on this thread is entirely not because I have asked for opinions, sorry you seem troubled by this.

city1


Joined: 13/03/2009
Posts: 5

Message Posted:
12/05/2009 12:56

This is a big con - I am trying to use this 12% ROI by selling my apartment back to Evergreen but they are ignoring me!!!!!!!!!!! Help!

cornish



Joined: 30/12/2008
Posts: 186

Message Posted:
12/05/2009 13:02

Why would Evergreen want to buy your apartment ?? They sell apartments I think ?? Not buy them.



I think Evergreen will stand by their contractual obligations. If you're worried why not go in and see them?? They actually have a good reputation for completion of their projects. Like all developers/builders here; they have problems; not always of their own making.

breezyboy


Joined: 14/05/2007
Posts: 1179

Message Posted:
12/05/2009 13:24

Cornish

Oh how I laughed.......They actually have a good reputation...ha ha....for completion ......bigger ha...ha.

You must work for them!

cornish



Joined: 30/12/2008
Posts: 186

Message Posted:
12/05/2009 22:20

No I don't work for them but I do know people who have been happy with their purchases from them All big constructors have problems out here. I presume you've had a bad experience with them yourself??

rocky


Joined: 17/10/2007
Posts: 1749

Message Posted:
12/05/2009 23:02

Aussie is right any rentals guaranteed you have paid for in the price, however it can still go wrong if the company providing the guarantee is no more even then the directors could strip the assets. This is a comment about rental guarantees and not any particular developer, remember if it sounds too good to be true it probably is....