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North Cyprus Property Auctions – A National Embarrassment!
I recently attended the third property auction of North Cyprus property buyers’ homes: Homes where innocent people had paid in full and taken possession of, but unfortunately did not have their title deeds. Due to the landowners having mortgages or memorandums on the sites, the court has ordered that these properties be auctioned to... »
“NO KOCAN, NO MONEY!” is the only way to buy North Cyprus Property
Abdurrahman Guney of Kulaksiz Construction Ltd and Yuksel Yilmaz (landowner) colluded together, after signing a legally binding Contract which expressly prohibited them from doing so, to obtain a loan from the bank. From their point of view the interest rate was irrelevant 80% – 1000% what did it matter, the likelihood of them repaying... »
Geoff and Mary Day in court again 10:30am, Thursday 17th June 2010
Geoff and Mary Day are, like most of us here, just an ordinary couple who through hard work and forward planning have managed to realise their dream of a home in the sun. When did their dream turn into a living nightmare? Mary aged 48 who suffered a heart attack in 2007 and Geoff, aged 60, truly... »
Today’s news is tomorrow’s chip paper
As you all well know I really am one for hiding my light under a bushel so when I found myself in front of a TV camera yesterday. I really did not know what to say. Alright, so I tell little porkies. I was so incensed when the owners told me that the builders... »
No bids at the North Cyprus Tutuska property auction
The crowd had started to gather outside the coffee shop by the time I arrived. It warmed my heart to see many ex pats there and Turkish Cypriots. The crowd was not in the numbers experienced last week but of course the timing of the auction had ensured that. All the residents of K5... »
Akfinan Bank North Cyprus property auction now in UK newspapers
Late last night I received a cutting that appeared today in the West Midlands Express and Star, our special foreign correspondent had enlisted the help of her local newspaper. Apparently it is the biggest selling evening newspaper in the Midlands. The journalist cut his teeth with the ‘big boys’ having worked on the ‘Sun’... »
Tutuska Auction – Sunday the 13th June at 10am
When something as awful as losing your home happens, you have a right to feel sorry for yourself, and yes I did. Then I got to thinking, how else would I have met so many selfless, wonderful caring people. Those of you at the auction, I could feel the loving and caring pouring out... »
Bank to auction Turkish Cypriot apartments now?
A meeting had been set up for Friday 11th June (tomorrow) between Akfinans Bank Limited and Kulaksiz 5. This afternoon just after 4 p.m. the rules of engagement were changed by Akfinans Bank Limited. They came up with the following demands: 1. Every owner must produce their Contract of Sale. 2. Every owner must... »
Kulaksiz 5 falsely blamed for North Cyprus Akfinans Bank property scandal
I am getting sick of reading the false accusation that Kulaksiz 5 did nothing to address the situation concerning the mortgages so somehow they have some responsibility for them. This is the garbage AKFINANS BANK LIMITED are now peddling to the press. We first knew about the mortgages around March 2008 when we went to register... »
Casualties of the Akfinans bank auction
I thought my stint would be over after the auction, I have no idea how many articles I have written or indeed how I have managed not to be too repetitive. Seeing Osman, brother-in-law of that cowardly Yuksel Yilmaz, lying on the stretcher at the auction on Sunday made me reflect on the happy times... »
