Search results

This was a common fraudulent tactic in the pre-recession days in the US. It was a method to allow the buyer, with no money down, to buy the property with an "80 percent" mortgage that in fact covered the entire purchase price and the closing costs. If reported it could cause the seller a...

Thank you, Natascha. I intend to come to Isla Canela and stay for a few days this summer, so that would be the perfect opportunity.

Natascha: I like that idea. Had we had more time, that's what I would've liked to look at--something a bit more rural with a distant sea view.

Go and see a solicitor, who can very safely structure this for you. This is the kind of transaction that if you just do a home-made agreement, you may not adequately protect for worst case scenarios.

I wouldn't know if it's skills so much as it is the "unknown unknowns," so to speak. That is, the things that you don't know, and that you don't know that you don't know them. Where I've had some bumps in the road so far--whether a mile away from my home, or halfway across the world--was when...

I'm going to use US law terms, but I believe the same theory would apply for practical purposes. Developer pays you half of the price at closing, and signs a promissory note for the other half, due and payable in one year's time. The note would be secured by what we'd call a deed of...

My answer is more generic. The riskiest markets are those you don't understand.

All: Thank you for your responses so far. I'm not British, but from the U.S. After a little research, I've realized that title insurance, while ubiquitous in the U.S., is still foreign to most Europeans. I understand there are severe risks with investing in North Cyprus. I'd been sent a...

I've done a little internet searching and found nothing, and while I expect I know the answer already, could someone definitively tell me if title insurance can be purchased on property (or certain properties) in North Cyprus?

A friend and I visited the Algarve in December just to get a lay of the land. While I found the area sunny and beautiful, from a property standpoint, I was a bit disappointed at the offerings on the coast. The main areas (say from the Spanish border to central Algarve) seemed quite built up to...