legal ownership WARNING

[golly]

I COMPLETED THE PURCHASE OF MY V1 VILLA IN AUGUST. ALL FORMALITIES WERE COMPLETED WITH THE NOTAIRE WHO WAS DULY PAID.
I NOW HAVE A BUYER AND WISH TO SELL BUT I CAN'T BECAUSE ADOHHA HAVE NOT PAID CERTAIN MONIES THEY OWE (I BELIEVE TO THE LOCAL AUTHORITY)

I SUGGEST ALL BUYERS CONTACT ADOHHA IMMEDIATELY REGARDING THIS AND DEMAND AN ANSWER.

[VAF]

Dear,


Do you have the title of property (titrre de propieté) ?
Is Adohha part of the transaction ?
Do you owe monies to local authority ?

This story seems starnge.

[golly]

I assumed I had title as the full amount has been paid and I signed with the notaire. I owe nothing. Adohha does and for that reason the deeds are still not transferred into my name. Beware because this will apply to all buyers

[1frenchy]

very strange

if you get full title that means Addoha maid transfer property to your name. you are free to do what ever with your property.
Addoha have nothing to do with you.
i thing you are on wrong hands
make sure The notaire paid Fadesa,usually the process take time but if you deal with same notaire i think that will be no problem.

My opinion: Deal trough same notaire to save headache and money.

[golly]

WHAT IS SO DIFFICULT TO UNDERSTAND. I MADE FULL PAYMENT FOR MY PROPERTY. I OWE NOTHING TO ANYONE. ADOHHA HAVE FAILED TO MAKE PAYMENTS TO OR VIA THE NOTAIRE. THEREFORE THE NOTAIRE WILL NOT TRANSFER THE TITLE INTO MY NAME. I ONLY DISCOVERED THIS WHEN I TRIED TO RE SELL MY PROPERTY. ALL OTHERS WHO HAVE COMPLETED WILL BE IN THE SAME SITUATION. THOSE WHO HAVE NOT COMP[LETED WOULD BE FOOLISH TO DO SO WITHOUT CHECKING THIS. I WILL NOW GO TO A LEGAL PROCESS. IS ANYONE ELSE IN THE SAME SITUATION? IT WOULD BE WISE TO CHECK

[riaz]

thanks for letting us know.

How will we know when it is safe to complete and that addoha have paid all the fees?

Riaz

[1frenchy]

after reading this post I immediately contacted notary Fadesa to elucidate the problem
his answer is as follows
apology for delay
the conservation fonciere of Mdiq work to update of the land title on alkudia smir. This does not affect to sell your Properties to another person .

[golly]

DID YOU ASK HIM IF THE MONEY WOULD BE IMMEDIATELY RELEASED ONCE THE PROPERTY WAS SOLD? I AM NOW TOLD I CAN SIGN FOR THE SALE OF MY PROPERTY NEXT WEEK. I WILL LET YOU KNOW WHAT HAPPENS

[Snippy]

Where are you marketing your property?

Whos is valuing ut for you?

Many thanks

[C&G]

I would also be interested in who you used to market your property.

Thanks

[golly]

IT'S A GOOD FRIEND OF MINE. SEND YOUR EMAIL OR CONTACT DETAILS AND I WILL GET HIM TO CONTACT YOU. IT WOULD APPEAR THAT ONLY PROPERTIES WHERE THE PURCHASE HAS BEEN COMPLETED CAN REALLY BE SOLD.

[Snippy]

can you ask you pal what a 2 bed pent in AP1 is roughly worth. i'm closing on it soon one snagging list is sorted

[riaz]

yes and a 2 bed apartment on ground floor.

Thanks,

Riaz

[Snippy]

happy christmas all and here's to a postive 2010 for the moroccan property market