Mortgage payment in arrear

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No.212
Q.: Good Morning Mr Aloizou,

I trust you are well.

Unfortunately, I once again find myself in need of your advice, after reading the advice you gave previously, my husband & I were somewhat clearer in our minds of our situation,& for this we thank you, how-ever, we have still to sell our property, although we have reduced to below our original purchase price.

We have being paying a nominal amount to the bank towards the mortgage to show goodwill, & also paying our bank loan monthly amount. Up to last month I held a credit card for emergencies (€1000 limit)which I have always paid when necessary, how-ever, I found when I went to pay my out-standing balance of €179 the bank has very kindly cancelled my card & I was unable to make payment. What in God’s name are they playing at??? Is this legal?? No letters of information or phone calls from them???? Is this really how banks are permitted to do business??? It would appear that I am doing all the contacting & getting precisely no-where!!!! I cannot afford to take legal advice, I wish I could, if only to give the bank the kick up the derriere they so deserve.
I am totally aware that we are in breach of our mortgage loan agreement, & accept that it is inevitable that we shall lose everything, but to constantly have to fight for information is very wearing,( We can’t deal with this, Ring this man, he’s not in today, try next week) we are trying so hard to keep body & soul together, but when living on €1000 per month, with expenses of €750, before food, I don’t know what more we can give......

I am still actively looking for work, I would sell my body, but unfortunately it is past it’s sell buy date!!!!!!

I sound like a whining child, but Why Why Why will the bank not contact us, talk to us, share information of the proceedings???? It’s a fight to the death of our home & they are Winning!!!! Oh for a lottery win so we could tell them to put their Mortgage, Loans & Accounts where the sun don’t shine. If what doesn’t kill us, makes us stronger, you should see us in The worlds strongest people on T.V in the not too distant future.

I look forward to hearing your reply.

Kindest Regards

J.H.




A.: This is very strange, but I appreciate your sensitivity and worry. Please let me know your details in terms of the Bank, Credit Officer etc and I will attempt to have a “go” to help. No promises and I will restrict myself to an initial enquiry. I hope I have something for you before Xmas. Do not despair my friends.
Regards,
A.P. Loizou




3/29424-td
1.12.09

No.213
Q.: Dear Mr Loizou I note from your Q&A and your other activities that you care dearly about your country/Cyprus and that you are trying to do something about improving the real estate situation. Your down to earth and conciliatory approach as well as the free advice that you freely offer publicly are commendable not found in Cyprus elsewhere. I am not a Greek speaker, but my wife Maria makes a point to explain to me your articles in the Greek press and your t.v. appearances. Yet permit me to ask a cheeky question “why does the Government listens to you, since you are not a member of the Communist party, neither any other party, as far as my information tells me”.
Harry Stockwell

A.: I only answer this letter in order to indicate that in this country one should not be aggressive but insistant (Maria will explain the Greek word Βαρελάτης) in a nice way. One must not be dogmatic but patient, since this is a “siga-siga” country. Your information is partly correct since the Government does not listen to me always. People in Government will listen if one plays his cards right. This does not mean that they listen to me for whatever I write/my opinion. I am happy that some of my ideas are adopted and I hope they will contribute towards a better governance in Cyprus. My many thanks to your wife Maria for her patience.
All the best for a Happy Xmas and new year.
Regards,
A.P. Loizou



3/29433-td
2.12.09

No.214
Q.: Dear Mr Loizou
I have long admired the advice which you give in the local Cyprus newspapers and would be pleased if you could give me some help with a continuing problem which I have been encountering for a number of years. I would obviously be willing to pay for this advice.
I live in a village on the outskirts of Limassol and in recent years the neighbouring land, which is at a much higher level than my property, has been developed by a private firm. I have had the misfortune to experience nuisance in the form of excessive noise outside working hours and dust blowing from piles of excavated soil which have never been covered. Due to the difference in levels and the lack of drains provided by the builder, water flows through into my land causing staining to the walls and erosion of the ground. Whilst building works have now temporarily ceased there remains an area of land adjacent to my property which has still to be developed by the same firm and I am anticipating similar problems to arise yet again.
I have reported the situation to the village mukhtar but the developer has ignored any approaches and indeed I have also consulted a solicitor to find out if there is any legislation to cover this situation but he has not proved to be particularly helpful. Therefore I am asking you what particular Laws, if any, are in force that I could call upon and quote to the appropriate Authorities and Developer should the need arise.
Thanking you in anticipation
Yours sincerely
M. Ioannides


A.: Thank you for your encouragement Michael. You can send a warning letter under the nuisance law and if no action on the developer’s part, you can seek a court order to “protect” his site, so that your home is not affected. You can also claim damages (in the form of lost rents etc) as well as making good your home’s damage.
Regarding the fee, it is a Xmas present to you.
All the best.
A.P. Loizou



3/29421-td
1.12.09

No.215
Q.: I have it under good authority (from my architect) that you were offered the job of the Commissioner for the title deed issue, a super person to speed up the whole process. Any truth in this? Please-please, do not refuse the offer, we need people like you, since I am one of those who are “suffering” from this lack of deeds situation.
Len MacGregor

A.: Dear Len your information is incorrect. During an open discussion, with the Minister present, I explained to him that we need such a person and added that “I am not looking for a job”. There are plenty of people around who can do a far better job than myself and in any case I have a business to run. It needs also a younger person with a stamina to see this through. If an appointment of this sort happens, rest assured that I will not disappear and “my nagging” on such matters is Cypruswide known.
Thank you however for your appreciation in me.
Regards,
A.P. Loizou

No.216
Q.: Well done Cyprus Weekly – A thank you letter to the Editor for doing an excellent job regarding real estate. Both A. Loizou column as well as Mr Koukounis on the legal issues are a wealth of information.
Z. Katarine

A.: I have passed your email to the editor who must be pleased, especially considering that these columns use valuable advertising space. Well done I say also to this paper.
Regards,
A.P. Loizou

3/29431-td(2.12.09)

No.217
Q.: I note your support for the Minister of the Interior Mr Sylikiotis, but I am worried that you have not ever criticised him. I understand the situation you are in, in your profession, but don’t you think nobody is perfect?
Lakis Tofos

A.: Far from it Lakis, I often criticise him on many matters and I write to him letters giving my piece of mind. If you want to be listened to in this country, you must find an angle to criticise, but without embarrassing the opposing party. This Minister is one of the best (at least) of the last Ministers of the Interior that hold the office. He needs encouragement to continue his work, which on the whole and as such publicly accepted as being “very good”. The title issue is an enormous problem to solve and he is trying with endless efforts.
Regards,
A.P. Loizou

No.218
Q.: We bought an apartment which the specifications state “A” quality. What does this mean Mr Loizou?
Lella Marian

A.: Not much dear Lella. You read top quality, luxurious apartments etc, this means nothing. Examine the specifications that you are shown (should be) before buying. What is luxurious in my opinion depends on the design, layout, facilities provides and quality of materials. To isolate only the materials will be a mistake I am afraid.
Regards,
A.P. Loizou

3/29432-td
2.12.09

 

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