Thanks for the response.
The issue is, we've already paid off over Euro 100,000.
The property, new was only Euro 125,000. The bank wants an additional Euro 87,000. So, the developer says he will pay it and resell the property. Property values are sitting around Euro 140,000, so he'll make some money ...
Search found 2 matches
- 25 Jul 2024 15:06
- Forum: General Property Questions
- Topic: Cancelling a Contract of Sale
- Replies: 3
- Views: 19929
- 24 Jul 2024 15:44
- Forum: General Property Questions
- Topic: Cancelling a Contract of Sale
- Replies: 3
- Views: 19929
Cancelling a Contract of Sale
Dear Nigel,
My loan was sold by Alpha Bank to Sky CAC in 2021 (unbeknownst to me, until now). I've been negotiating to return the property. The developer has decided he wants to take the property back, flip it and sell it again. Sky CAC wants Euro 87,000 in settlement of the debt, which the ...
My loan was sold by Alpha Bank to Sky CAC in 2021 (unbeknownst to me, until now). I've been negotiating to return the property. The developer has decided he wants to take the property back, flip it and sell it again. Sky CAC wants Euro 87,000 in settlement of the debt, which the ...