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All reports tagged with: "title deeds"

URGENT notice – trapped buyers

Nefarious individuals are deceiving ‘trapped buyers’ in Cyprus into believing that they will not be offered the Title Deeds to the property they purchased under the provisions of the ‘hidden mortgage’ law if they bought by way of a housing loan.

Trapped buyers apply for title deeds

Around 4,000 ‘trapped buyers’ who have paid for their property but cannot get their Title Deeds have submitted applications since the ‘hidden mortgage’ law came into force on Thursday 3rd September.

Title Deeds & the financial crisis

The solution to the Gordian Knot is simple, no property transaction without a Title Deed should be legal – and a state that respected the rights of its citizens would not have waited for a solution to be imposed by the Troika.

Hidden mortgage bill passed

At today’s plenary session of the Cyprus parliament MPs approved the hidden mortgage bill designed to resolve the issue of ‘trapped’ property buyers who are unable to obtain Title Deeds due to their developer’s debts.

Hidden mortgage bill expected to pass

The hidden mortgage bill, designed to assist trapped home buyers who were duped into buying property built on land that nefarious developers had earlier mortgaged to the bank, is expected to pass at tomorrow’s plenary.

Hole in hidden mortgage bill plugged

The hole in the hidden mortgage bill, designed to protect those who were duped into buying property built on land that nefarious developers had earlier mortgaged to the bank has been plugged.

Some relief for trapped buyers

Although the ‘hidden mortgages’ bill is a positive step in the right direction, more needs to be done to resolve the issue of trapped buyers to enable those who have paid for their property to obtain its Title Deed.

Banks to recoup loans by ‘hook or crook’

Banks must find a way to recoup loans granted to insolvent developers once ‘trapped’ properties are released to home buyers, Interior Minister Socrates Hasikos said following a joint session of the House interior and finance committees.

Title Deed regulations approved (updated)

The Cabinet has approved the Title Deed regulations needed to implement the ‘hidden mortgages’ law to protect home buyers in Cyprus who were duped into buying property that developers has previously mortgaged to the bank.

Troika turns up the heat on Title Deeds

Cyprus will not receive the next tranche of the bailout loan from the troika until it enacts legislation to protect those home buyers who have paid for their properties but have not received Title Deeds.

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