Search found 20 matches

by Tasmaniandevil
13 Apr 2019 14:33
Forum: Selling Property
Topic: Defaulting on a loan
Replies: 36
Views: 46774

Re: Defaulting on a loan

Hi Sam, presumably, you've read my thread in full. Since the judgement was obtained by the bank, I've had no communication from 'anyone'. That's all I can tell you right now.

Good luck,

TD
by Tasmaniandevil
23 Nov 2017 15:07
Forum: Selling Property
Topic: Defaulting on a loan
Replies: 36
Views: 46774

Re: Defaulting on a loan

Good afternoon Nigel, Reference the judgment that has been obtained against me, I note on the Court paperwork that I am named as Defendant (1) and the Developer as Defendant (2). Would this appear to suggest that the Developer is being pursued by the Bank jointly with myself (ie.due to them acting a...
by Tasmaniandevil
10 Nov 2017 14:48
Forum: Selling Property
Topic: Defaulting on a loan
Replies: 36
Views: 46774

Re: Defaulting on a loan

Hi Nigel, I've now had a response from the Bank's lawyers after I had challenged them over the fact that the Court summons was sent to my previous address, thereby, denying me the opportunity to attend the hearing (I had informed the Bank of my change of address). I had suggested to the lawyers that...
by Tasmaniandevil
19 Oct 2017 13:58
Forum: Selling Property
Topic: Defaulting on a loan
Replies: 36
Views: 46774

Re: Defaulting on a loan

Thank you for your comments Pan - I do appreciate your input. As regards the developer not being able to find a buyer, I suspect what you said is probably correct. I had the property on with them for approx. 9 years, but hey, I guess they would always push their own properties first.

regards,

TD
by Tasmaniandevil
16 Oct 2017 11:53
Forum: Selling Property
Topic: Defaulting on a loan
Replies: 36
Views: 46774

Re: Defaulting on a loan

Thank you for your prompt reply Nigel. I don't have a lawyer acting for me, so, that narrows it down to 2 possibilities. If I was a betting man my money would be on 'they've sent it to the wrong address', because the address I lived at when I took out the Loan in 2004, is what's stated on the Court ...
by Tasmaniandevil
14 Oct 2017 13:24
Forum: Selling Property
Topic: Defaulting on a loan
Replies: 36
Views: 46774

Re: Defaulting on a loan

Hello Nigel, I hope you're keeping well these days. There has been a development in my case since we last spoke. Yesterday, I received a letter from a firm of Solicitors in Cyprus, who are acting for the Bank. Here are some of the key extracts: "As you are aware, the Bank commenced legal proceedings...
by Tasmaniandevil
03 Jul 2015 15:02
Forum: General Property Questions
Topic: Odd Loan set-up
Replies: 1
Views: 4327

Odd Loan set-up

Hello Nigel, it's been a while since I've posted - I hope all's well with you. Here's another one for you. I took out a loan for CHF 120,000, in 2006, in order to purchase my apartment, to be repaid over 15 years (180 months). When I reviewed the paperwork many years ago, having become unable to mai...
by Tasmaniandevil
05 Jan 2015 17:06
Forum: Selling Property
Topic: Defaulting on a loan
Replies: 36
Views: 46774

Re: Defaulting on a loan

Happy New Year Nigel. I would like your opinion on this please. You may recall my case/situation from previous posts. I took the decision to incur no further expense with regard to this disastrous investment; ie £50000 lost is hard to swallow, and any more expenditure is only going to increase that ...
by Tasmaniandevil
11 Dec 2014 16:58
Forum: Selling Property
Topic: Defaulting on a loan
Replies: 36
Views: 46774

Re: Defaulting on a loan

Hi Nigel, I have just contacted the Developer from whom I purchased my apartment in order to find out what the current state of play is with it, as I haven't heard from them for a very long time. The property has been on the market through them (only) since around 2007 - I find it astonishing that t...
by Tasmaniandevil
06 Dec 2014 17:17
Forum: Selling Property
Topic: Defaulting on a loan
Replies: 36
Views: 46774

Re: Defaulting on a loan

Thank you. Not wishing to submit a lengthy post previously, I didn't go into all the details. I haven't engaged any lawyer to deal with this (more expense which I can't afford), because I don't have any assets here in the UK, or anywhere else for that matter! Seems a strange thing to say, but, with ...
by Tasmaniandevil
04 Dec 2014 16:15
Forum: Selling Property
Topic: Defaulting on a loan
Replies: 36
Views: 46774

Re: Defaulting on a loan

Hi Nigel, Haven't been in touch for a long time - am currently waiting for the Bank to take legal action, whenever that may be. Another little problem has just arisen - the Management Company are chasing me for non-payment of the communal expenses (approx. £1300 -18 months arrears). I have explained...
by Tasmaniandevil
04 Dec 2012 16:22
Forum: General Property Questions
Topic: Cyprus Property Sales (Estate Agents)
Replies: 7
Views: 10537

Re: Cyprus Property Sales (Estate Agents)

Hi Churchill, I hope you weren't too badly hurt in the 'stampede' to furnish you with some recommendations! I suspect the lack of response may suggest that what you are looking for are pretty thin on the ground. I am, like yourself, want to put my property on the market, but don't know who to use - ...
by Tasmaniandevil
25 Sep 2012 14:57
Forum: Selling Property
Topic: Defaulting on a loan
Replies: 36
Views: 46774

Re: Defaulting on a loan

Hi Nigel, the last reply on this topic (AndyP), mentioned that I should consider getting myself a good agent. This did occur to me when my predicament arose a few years ago - the reason I didn't was that it was going to cost money, would be a bit of a punt, with no guarantee of a sale. As far as I c...
by Tasmaniandevil
20 Mar 2012 15:56
Forum: Selling Property
Topic: Defaulting on a loan
Replies: 36
Views: 46774

Re: Defaulting on a loan

Hi all, (1) Regarding the POA; I asked the developer why couldn't I provide them with another 'Option Agreement', (Nigel, I'm sure you're familiar with these), as this gives them permission to sell the apt on my behalf - indeed, this was how I had it on the market for the past 4 years - it was just ...
by Tasmaniandevil
02 Mar 2012 17:44
Forum: Selling Property
Topic: Defaulting on a loan
Replies: 36
Views: 46774

Re: Defaulting on a loan

Hi Nigel, Further to the above, the developer offered to contact me re: my situation and, I took them up on their offer. One of their chaps phoned me this morning in order to discuss a way forward and to consider my options. Here is a brief summary of His comments - I owe the bank 88000 euros - the ...