Google+ North Cyprus Property Auctions – November 2011

North Cyprus Property Auctions – November 2011

Monday, October 31, 2011
- by Name & Address Supplied

1x1.trans North Cyprus Property Auctions   November 2011Is it the beginning of the end, the end of the beginning or the opportunity for the TRNC Government to take off its blinkers and start a ‘new beginning.’

On the 13th November 2011 there is to be an Auction at the Coffee Shop opposite the Court in Girne. Now it is not entirely clear, since I do not speak Turkish, whether this covers two properties with two separate Kocans and a Supermarket, or just the Supermarket which is on the two Kocans. One thing you can be sure of is, I will endeavour to find out.

Interestingly, the builder named on this Notice is Fatisa Construction Limited and I do know that one of the victims, an earlier purchaser of a K5 property, did actually buy her property from Fatisa who was at the time in some way involved with Kulaksiz Constructions Limited. By the time I purchased my villa from Kulaksiz there had been a parting of the ways. ‘Birds of a feather’ springs to mind.

The second auction is on the 27th November 2011 also at the Coffee Shop, both auctions are scheduled to start at 10.00 a.m. Both are on a Sunday as is usually the case. Remember Kulaksiz and Tutuska, both on a Sunday.

That well known, if not infamous felon, Gary Robb is again at the centre of the scandalous event taking place on the 27th. I am told the Auction is to pay a debt incurred by Robb with a man by the name of Mr Eray, a Turkish Cypriot. I have no knowledge of the amount of the original debt or the terms of the loan. I do know however, where the name Robb is involved, alarm bells start ringing.

We read that Robb’s wife Aga describes her husband as a ‘victim’. I know we all smile when we hear that, but come on folks, why would we think that someone on the run, who came to North Cyprus, charmed or bought his way into citizenship, a man with an extradition application for his return to Britain on drugs related offences, a man who was allowed to start a company, a man who had as his fellow shareholder a well known Advocate and the former Head of the Construction Union on the board, a man who went on to allegedly defraud 100′s of purchasers (many pensioners) out of their life’s savings, is anything but a victim. A victim of his own greed. During the boom there was a feeding frenzy by those looking to make a fast buck and the innocent purchasers were the fodder for these piranhas.

Mr Robb was returned to Britain but by the time this happened he had already wreaked havoc here, too little too late as usual. He served his time in Britain and then was extradited to the RoC where he received a very lenient sentence because he co-operated and was ‘sorry’. Now would that be sorry for what he had done, or sorry because he got caught?

This is the start. The Banks and Creditors can see clearly what is happening to Kulaksiz 5. Emboldened by this I fully expect the Auctions to become a regular occurrence, unless the Government steps in. Banks and Creditors who made bad business decisions by either giving mortgages to unsavoury builders on properties already sold, or creditors who extended lines of credit to builders already in default with payment until the debts became so large, court action resulted in memorandums on land/villas, although already sold still appeared at the Tapu in the builder’s name due to the shortfalls in the Permission to Purchase process.

To those of you who registered your Contract but do not have the Kocan I say, please do a search. You might be surprised that the law allowing you to register your Contract is still not protecting you. Tucked in behind your Contract you could find a Memorandum, the owner of which could still force a sale on your property. Yes you will receive the Contract price on the Contract as you are the first creditor, however will this cover all you have spent turning your villa into a home?. Will this give you comfort for the emotional trauma of being forced to sell your home through no fault of your own?

Stop the Blackmail in North Cyprus Facebook Group will be campaigning against these Auctions. We will be there on the day. Common sense tells us all that the Auctions should not take place. We call on the Government to stop this barbaric practice and repeal the archaic laws that allow this to happen. Action Against Eviction should not be necessary in a civilised society, evicting the innocent to pay the debts of fraudsters is an anathema.

The Government can ensure that no more cases get to the Eviction stage.

My thanks to my fellow committee member of STBINC for kindly visiting the Coffee Shop and getting photo copies of the Auction Notices’

Never give in, never give up.

1x1.trans North Cyprus Property Auctions   November 2011
1x1.trans North Cyprus Property Auctions   November 2011

12 Responses to “North Cyprus Property Auctions – November 2011”

  1. Had Enough

    You hit the nail on the head “This is the start”, of the end of life for many in TRNC.

    Unfortunatley HISS has led us to this point and I believe it is too late now for a “last stand”. Negative attitude some will say but after over 5 years of turning out with 10 or 12 others to try to tell people what is going to happen and to fight those in power, those with the power know they have won and will do what they like to home buyers.

    Maybe a couple of people will turn out for the auctions to state their protest but maybe by governments proper management the first auction is on Remembrance Sunday and I for one will def. not be there.

    #29362
  2. polly

    The Committee of Stop
    the Blackmail have been in lefkosa all morning lobbying against this abortion called an Auction. We have seen all the marches, the police in with shields and batons. This country is on the road to ruin unless something is done and done NOW.

    It is alarming howe many discontent people there are here.

    #29369
  3. john good

    what is more alaming the number of expats who do not want to upset the builder advocate / land owner coz it might make things worse !

    #29372
  4. john good

    what is more alarming the number of expats who do not want to upset the builder advocate / land owner coz it might make things worse !

    #29373
  5. polly

    Totally agree John, however even they must see the writing on the wall now, that is if we can get them to take their heads out of the sand long enough. HISS…………….

    #29375
  6. Had Enough

    Was it Nelson who said “I see no ships” while holding telescope to blind eye.

    I know it is an urban myth but I still maintain that is what is happening here, HISS and one blind eye!!!

    #29376
  7. Thomas

    Pauline, do you know the interest rate on the mortgages charged by the banks in these cases? Were/are they similar to K5′s rate?

    #29378
  8. polly

    We are trying for more information Thomas. THe Fatisa one especially needs looking at, if it is just thre Super Market, then clearly, not not something we can get involved in.

    I am hoping for more info on the Robb one. Getting some disturbing reports that it might be a scam initiated by Robb himself but at this stage I cannot be sure so will save my opinion until I can.

    THings here are never straight forward.

    #29379
  9. robert

    Polly “Honi soit qui mal y pense” as if little Gary would stoop so low or his nice little friends happyhappyhappyhappy

    #29387

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