Cyprus Property Forum for Buyers, Sellers & Investors

Thanks for that Nigel.

I have emailed you the details of both legal counsel and estate agent. I have no problem reflecting and sharing our mistakes as I hope it will help others that come here seeking advice, to make informed decisions. It was a strong and expensive learning curve for us.
We are ...

Hi Oneiro,

Sorry for the late reply. Was away for Christmas and hard to get a minute to myself.
I'm afraid we didn't get as far as applying for the waiver. We pulled out of the sale after discovering over 2 million euros in memos lodged against the complex that my lawyer didn't disclose until ...

Pantheman wrote: 27 Sep 2024 13:34
the time duration for memos is now 10 years!

Thanks for the update Pan. Duly noted.

Thanks Nigel,

Haha!...Yep! Straight jacket for 1 please!! Haven't signed anything and don't think we will now. That's great info about the memos and yes, the assignment contract would have been registered after the sale of the loan so we would have been wide open. Lawyer was not forthcoming with ...

Hi,

Do memos lodged in the Land Registry against a property remain valid indefinitely until repaid or settled? The property in question is on a complex built in 2007 and the developer went bust leaving an outstanding mortgage that the bank has since sold on. I was told that the new creditor cannot ...

Nigel Howarth wrote: 04 Sep 2024 12:22 Hi Pepper

I'm sending you a draft letter to discharge your present lawyer.

(Pan - If you'd like a copy please let me know.)

Regards

Thanks a million Nigel. Very helpful.

Regards, Lorraine

Hi, sorry to hear about your issue.

Given the fact that he CCed the otherwise, would be enough for me to change lawyers. The search document is in Greek and needs to be carefully deciphered and I would not trust this layer to tell me the truth.

Bank waivers are for individuals NOT properties ...

Hello all,

I am currently in the process of buying a resale 2 bedroom apartment and I am an EU citizen. Paid 5000 euro reservation fee to the agency in June. Totally green behind the ears, I accepted the estate agents recommendation for a lawyer. He works for the vendor's lawyer who owns the firm ...