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I want to get out of my contract but I have a loan…. What can I do? The bank is chasing me as I cannot keep up my loan repayments… The developer is contacting me because I am not repaying my loan…. I cannot afford this property any more…. What am I going to do…. I am at the end of my tether… I cannot cope with this stress.

We have heard the above phrases and many more, many, many times. As solicitors who work for their clients, we always try to help our clients to resolve their issues.  

Alongside The Marcus James Group, based in the UK, we have developed a scheme which we believe can assist our clients, and clients of other solicitors, developers and agents to ‘pass’ their rights and responsibilities of the ownership of the property to another person who is capable of fulfilling the financial obligations. I know what you are thinking; this is too good to be true? But it is….

Through our investigation and research and carefully constructed agreements which are fully legal and binding we have finalized a process which will allow the purchaser of a property to ‘resolve’ their financial burden.

Hence Marcus James Recovery has been formed.  Recovery is a scheme which has been created to allow the first purchaser of a property to assign his rights and obligations to his property to a new purchaser. Under Recovery the new purchaser will be granted the same rights and obligations of the property with the bank and the property developer of that of the first purchaser.  The new purchaser will have the absolute right in using and disposing the property as he shall see fit. The New Purchaser’s responsibilities are to comply with the first purchasers responsibilities of the property until termination. The new purchase has the absolute right to utilize the property as he sees fit.

For more information please contact us on lawfirm@cytanet.com.cy or by telephone on +357 23811788 or by fax on +357 23811789.

Memberships and Affiliations

  CYPRUS CHARTER BUSSINESS AGAINST CLIMATE CHANGE    Cyprus - UK Business Association

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