Search found 4 matches

by petrocelli
04 Oct 2013 13:28
Forum: Property Ownership
Topic: What Happened in the Liasides Reposession Case?
Replies: 1
Views: 2681

What Happened in the Liasides Reposession Case?

Does anyone know what the outcome of the case brought by Alpha Bank to repossess homes built by the defunct developer Liasides?

It was reported on in Cyprus Property News on 4th December so presumably it has now been resolved one way or another?
by petrocelli
03 Oct 2013 17:58
Forum: Property Ownership
Topic: How much do we have to pay off a developers debt?
Replies: 4
Views: 3812

Re: How much do we have to pay off a developers debt?

Hi Nigel

Many thanks for this. I hope so as well.

Fortunately the person handling this for us is very good and we have an excellent lawyer.

I will keep you posted.
by petrocelli
03 Oct 2013 00:10
Forum: Property Ownership
Topic: How much do we have to pay off a developers debt?
Replies: 4
Views: 3812

Re: How much do we have to pay off a developers debt?

Hi Nigel Yes we have already approached the bank and they are asking for 60,000 euros from each owner which is way in excess of what anyone can possibly afford. Hence the recommendation from our lawyer that we go to court and let the court decide on an amount which is 'fair'. The bank has already be...
by petrocelli
02 Oct 2013 21:05
Forum: Property Ownership
Topic: How much do we have to pay off a developers debt?
Replies: 4
Views: 3812

How much do we have to pay off a developers debt?

Hi Nigel I have recently been asked by our residents association to vote on whether or not to join a court action to establish how much we should pay off a loan taken out by the (now defunct) developer of our properties. In other words let the court decide how much we have to pay off this debt in or...