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Stealing their dreams
Posted on Saturday, August 22 @ 10:06:01 CDT by editor

 




THERE is a famous play called Look Back in Anger – and increasingly British and European residents are doing just that as they desert Turkey where their long held dreams of a place in the sun have been left in complete tatters.

The nightmares of thousands of pounds in hard-earned savings, their holiday homes, and their pride, being snatched away by a few greedy builders, loan-happy banks and a minority of shady estate agents is being aided by an ever-growing conspiracy of silence and couldn’t-careless-attitude of government, and a perceived lack of action by local authorities.

How many more times will British people head to their local newspapers and spread the word that Turkey is a no-go place for owning your holiday home.

Journalists are continually reporting the latest trauma, the latest rip off victim, the latest shady deal by an unregulated person who cons them with confidence and a glowing smile – and a sly hand to the wallet for the mega money.

It seems that greed has overtaken the need to earn an honest income here.

There needs to be a radical shake-up of the tapu process from the bottom up, top down and sideways – and the Turkish government should act fast – otherwise the millions of pounds of revenue that come into the country will leave it with a very big black hole.

For one thing, when a foreign buyer confirms their interest in a property – the Tapu or title deed on that property should be held by a completely independent body. It or the buyer should check there is no debt on the tapu first.

The problem arises when the foreigner’s details are submitted for military searches. This provides the tapu holder, be it the estate agent, builder or seller, to go running off to his nearest bank or happy loan shark to get a loan.

They get the cash from the buyer – hard currency – and they get money from a loan from the bank. The catch is that the foreigner now no longer owns the property they thought they had bought. No, it is held by the bank in case the loanee defaults on the payments.

But the nightmare does not end there because fraud has taken place, and the local authorities and the Government should be taking steps to come down hard on those people who do this.

Now it seems that Bodrum and Kusadasi are being hit with the same problems: Christine and James Taylor fell foul of being Tapu-ed out of town by a Bodrum realtor, while in Kusadasi young Scottish girl Karen Mcleod was left homeless after her property was seized because of a debt-laden contractor.

Here in Didim, many investors are embroiled in court cases because of property scams, builders going bust, banks reclaiming homes. All now no longer wanting to invest in Turkey.

The last victims of the Safir Apartments scandal can only do more untold damage.

But it is untold damage to the reputable and good developers and estate agents who are suffering at the hands of the greedy and shady crooks lurking for a fast deal.

If the economic crisis doesn’t wipe out the bad, or newspapers, such as Voices, blasting the ugly, then surely it is down to the ‘good’ to come to the fore and promote their brands, their sales, their systems and their products; all this equals happy customers.

It isn’t rocket science. For the individual buyer, they should only part with five per cent of the money as down payment, and then only give the 95 per cent when the tapu is in their hand. They should not bend or wilt under sales pressure.

More now needs to be done to overhaul the property buying process with greater rights for all, whether local, national or international buyers.

Authorities should start acting now, and fast.

Otherwise there will be even more people looking back in anger in Turkey’s direction and accusing it of stealing their dreams.

 
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"Stealing their dreams" | Login/Create an Account | 20 comments | Search Discussion
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Re: Stealing their dreams (Score: 1)
by Valian on Saturday, August 22 @ 14:02:14 CDT
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Excellent article Andy you say 'For the individual buyer, they should only part with five per cent of the money as down payment, and then only give the 95 per cent when the tapu is in their hand. They should not bend or wilt under sales pressure.'  I agree with you 100%, this is the ONLY way you can buy in Turkey with confidence.



Re: Stealing their dreams (Score: 1)
by cef on Saturday, August 22 @ 17:08:36 CDT
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Good analogy & article Andy, thank you for sharing :-). 



Safeguard your dreams (Score: 1)
by heleninbodrum on Saturday, August 22 @ 19:59:42 CDT
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I don't understand you people in Altinkum.
Don't you have lawyers there?
I am a real estate agent here in Bodrum and we do the following for all our clients. Firstly the lawyer does a search to make sure there are no liens on the tapu. The buyers then sign a contract with the seller (or the lawyer with power of atorney does), a deposit is paid to keep the property. All or 95% of the money is paid to the buyer within a few weeks and the client gets the keys. On the same day we put a lien on the property (a hipotek) just as the bank would do. This prevents the owner from selling the property or putting further liens on the deeds while the client waits the x months for the army permission.
It costs about 1.2% and is worth every penny for peace of mind.
We use the bait of money up front to negotiate the selling price down and then use the lien to make sure there is no foul play afterwards.
By the way we don't sell off plan right now and we suggest that no one should given the economic climate. There are plenty of houses already built to chose from anyway.
Hope this helps you guys.
Helen
www.housesforsaleinbodrum.com



Re: Stealing their dreams (Score: 1)
by pasha on Sunday, August 23 @ 04:01:51 CDT
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Brilliant article Andy

Agree with you 100%

Even the 'legal' estate agents need looking into as too often they are the one's that are just as bad.

The whole structure needs a good clean out.




Re: Stealing their dreams (Score: 1)
by Tavey on Sunday, August 23 @ 06:48:47 CDT
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A very good article and good advice.  But to heleninBodrum, yes we people in Altinkum do have solicitors.  I employed on in May 2006 when I bought my apartment and paid him £1000stg to act on my behalf.  unfortunately he also turned out to be unscrupulous and I discovered he was struck off and can no longer work as a solicitor.  It fell to me to employ another solicitor again at great expense  to try to sort out our mess. , I didn't go into a bar or restaurant and buy from a waiter I had just met, I bought from a supposedly reputable builder who was recommended to us.



Re: Stealing their dreams (Score: 1)
by fishing on Sunday, August 23 @ 04:16:48 CDT
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'Yes' Andy a big Thankyou for highlighting all these criminal scum British/Irish and Turkish who are stealing honest hard working peoples money.




Re: Stealing their dreams (Score: 1)
by Altinkum on Sunday, August 23 @ 17:30:58 CDT
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An excellent article!
I have read week after week about foreigners losing their properties and nothing seems to be done. Unfortunately buyers are encouraged to part with their money before the tapu is issued as they are told this is how it is done & with off plan even if they hold back a percentage they still have to pay the balance on receipt of the keys.
The entire system really does need a radical shake up to help and hopefully re-imburse past & present victims and eradicate further fraud.



Re: Stealing their dreams (Score: 1)
by EstherMofet on Tuesday, August 25 @ 04:57:16 CDT
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It would seem that you are only alloowing posts that you feel fit.
The whole truth is not on show in this topc.
Voices, what are you afraid of ?
Its seems like you only publish matters after they have happened and not preventing more scandal in Turkey.



Re: Stealing their dreams (Score: 1)
by MikeWhiting on Wednesday, August 26 @ 15:23:31 CDT
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I am appalled and saddened at what I am reading regarding the sorry plight of the unfortunate people who have been cheated out of their properties in Didum, by so-called solicitors, banks, estate agents and builders.
I was seriously intending to purchase a property in Didum after hearing rave reviews from some friends of mine about what a wonderful resort the place seemed to be. They have had an apartment there for about four years and spent a lot of money on its purchase and furnishing. It turns that the property has been sold from under them, and they are unfortunate victims of the 'tapu' property scam.
In view of the shady dealings that appear to be taking place with the full conivance of the solicitors, estate agents, banks and, it seems, even the dont-care government, I think, in my search for a dream home in the sun, I will give Turkey a very wide berth.
I have spent a lot of time in Lagos, Nigeria, that world-famous centre for fraud scams (they call it 419 over there) and thought I had seen it all, but Turkey, and its authorities seem able to teach Nigeria a whole basket load of new tricks.
I understand that the country, (Turkey) wishes to join the European Union. Hmmm!
And I see that your newspaper is still advertising properties and land for sale in Turkey. Do you think there will be any takers? Until the property business gets its act together, I for one will be looking elsewhere!
And I hope your newspaper is keeping the British papers briefed of the 'tapu' situation over there in Turkey, to hopefully prevent other innocent people in UK from getting their fingers burnt!



Re: Stealing their dreams (Score: 1)
by brummy on Wednesday, August 26 @ 17:07:19 CDT
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Thanks Andy, it's so good to know someone is on our side !!  We have lost our apartment - "ripped off" by the estate agent - and we're not the only ones !!  Many more people are in the same position. 



Re: Stealing their dreams (Score: 1)
by amber on Friday, August 28 @ 08:16:35 CDT
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Nicely written article Andy and very informative.  Let's hope that finally things will begin to change re legislation, and your article forewarns any future purchasers.

For people like myself, and there are many... it's too late.  We are a sea of faces floating on a tide of deceit and are at the mercy of the Turkish law now.  One can only hope that justice will prevail.  As yet, I have heard of no-one winning their case, but as we know in Turkey one requires patience, and I am trying to be patient.....

Had any of this mess come to light before we purchased, I would have put a hypotec on the property.  That one thing would have saved many months of heartache and anguish.  One would have hoped that our dear Solicitor would have advised us that it would be in our interest to do this, but as so often is the case he was merely a 'by stander' in the course of events and adopted the 'hear no evil, see no evil, speak no evil' stance.

Keep up the good work voices.



Re: Stealing their dreams (Score: 1)
by Carbern on Friday, August 28 @ 09:26:23 CDT
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Andy - why I am not allowed to post any comments on this issue.  You are doing the same to us only allowing us to comment if you like what you read.



Re: Stealing their dreams (Score: 1)
by Elvira on Saturday, August 29 @ 14:46:42 CDT
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Sound advise indeed but what happens when you have followed the above procedure and the tapu is now in the buyer's name and they refuse to pay the final 95%? You only have a 5% deposit and a tapu that is now not in your name.....



Re: Stealing their dreams (Score: 1)
by tiny123 on Saturday, August 29 @ 15:42:06 CDT
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I'm not sure why some comments are not permitted to be shown, but I think its totally wrong.  This has been happening a lot recently.  Voices are supposed to be have imparticial reports.




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