North Cyprus Property Victims | St Valentines Day Massacre


North Cyprus Property Victims – St Valentines Day Massacre

St. Valentine’s Day. A day of love.. for some.

“North Cyprus Property | K5 Appeal Court Decision a Death Blow to Stealth Mortgages
Thursday, February 14, 2013 by MNCB

The K5 Appeal Court decision today is a death blow for Stealth Mortgages in the TRNC.

Legal opinion is that banks will no longer be able to claim house buyers homes by taking charges on land after the properties have been contacted to be sold.

This represents a massive breakthrough for house buyers. The TRNC Appeal Court, Boyralaw, Kulaksiz 5 and all their supporters need a massive vote of confidence for pursuing this Justice. MNCB, BRS, HBPG & STBM and many others have all played a significant role in this success.

The 40 page Judgement was issued in Turkish on St Valentines day 2013, which will be now marked as an historic day for all TRNC house buyers. It is estimated that thousands will benefit from this campaign.

As soon as the report is translated and full implications understood a fuller report will be issued.

Please follow progress on Making North Cyprus Better Movement (MNCB)”

I can remember the euphoria at the decision given by the High Court just twelve months ago today. The first small success K5 had enjoyed and yet on the 14th October 2013 a District Court decision effectively overturned a High Court decision that had cost the K5 victims so much in money, stress and heartache when he cancelled the case at the request of the Bank. You Could Not Make It Up.

The case has now been reinstated but at further cost in money, stress and heartache to the K5.

The historic day that MNCB refer to was almost wiped out with the stroke of a pen. One has to wonder how much longer this case will take to crawl to its conclusion and how many of the K5 victims will by then be penniless or dead..or both.

Pauline Read

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