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Anyone else had problems getting title deeds from CBB through Atlas?

Anyone else had problems getting title deeds from CBB through Atlas?

Old Sep 20th 2008, 2:21 am
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Default Anyone else had problems getting title deeds from CBB through Atlas?

Hi, I bought an apartment in Formentera del Segura (Rojales area) a year and a half ago from Atlas, and after signing the contract and handing over the money, I was told that the solicitor would get the deeds. I have now been told that the builder will not hand over the deeds and that the solicitor wants me to pay 4000 euros for a court case against him. They said it is not just my property, but a number in this area. They also said that if I do not hand over the money, in order to proceed with the case, there is a big chance that the mortgage company will seize the property and I will lose it. I'm not sure where I stand and wondered if anyone else is going through this also??

Thanks in advance!
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Old Sep 20th 2008, 4:45 am
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Default Re: Anyone else had problems getting title deeds from CBB through Atlas?

Originally Posted by Lyns77
Hi, I bought an apartment in Formentera del Segura (Rojales area) a year and a half ago from Atlas, and after signing the contract and handing over the money, I was told that the solicitor would get the deeds. I have now been told that the builder will not hand over the deeds and that the solicitor wants me to pay 4000 euros for a court case against him. They said it is not just my property, but a number in this area. They also said that if I do not hand over the money, in order to proceed with the case, there is a big chance that the mortgage company will seize the property and I will lose it. I'm not sure where I stand and wondered if anyone else is going through this also??

Thanks in advance!
Company mentioned have been involved with quite a few of these scandals. Best thing you can do is to get another opinion from a reputable independent solicitor before paying out any more money.
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Old Sep 20th 2008, 6:05 am
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Default Re: Anyone else had problems getting title deeds from CBB through Atlas?

Have you actually been to the Notary to sign the deed or have you just signed a reservation contract? If you have been to the Notary and signed you own the property. You can also search at the Land Registry to see if your ownership has been registered.

P.S. I am local to the area if you want to contact me direct and I will see what I can find out
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Old Sep 20th 2008, 6:18 am
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Default Re: Anyone else had problems getting title deeds from CBB through Atlas?

Thanks for your reply Sue. No I didn't actually sign the deed, I only signed for power of attorney, for the solicitor to obtain the deeds.
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Old Sep 20th 2008, 6:21 am
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Default Re: Anyone else had problems getting title deeds from CBB through Atlas?

Originally Posted by Lyns77
Thanks for your reply Sue. No I didn't actually sign the deed, I only signed for power of attorney, for the solicitor to obtain the deeds.
But I imagine that you have paid for at least 50% of the property?
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Old Sep 20th 2008, 6:25 am
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Default Re: Anyone else had problems getting title deeds from CBB through Atlas?

Yes I have paid all of the money, but the solicitor said that it is the builder that holds the mortgage and not me, and that now he can't pay it because of the credit crunch, so the mortgage company may seize the property.
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Old Sep 20th 2008, 6:32 am
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Default Re: Anyone else had problems getting title deeds from CBB through Atlas?

Originally Posted by Lyns77
Yes I have paid all of the money, but the solicitor said that it is the builder that holds the mortgage and not me, and that now he can't pay it because of the credit crunch, so the mortgage company may seize the property.
You are referring to the mortgage that the builder had taken out when the urabanization was built? If that is the case that is his problem not yours and the solicitor should point this out. Also the mortgage company does not want to remove the property and they would much rather that you purchased the property anyway, the last thing they want is another property on their hands. The 4000 that you mention is a small amount of money in the scheme of things and thus sounds very dubious.

The solicitor that you have is independent or recommended by the agent?
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Old Sep 21st 2008, 8:44 pm
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Default Re: Anyone else had problems getting title deeds from CBB through Atlas?

Originally Posted by Jules Europe
You are referring to the mortgage that the builder had taken out when the urabanization was built? If that is the case that is his problem not yours and the solicitor should point this out. Also the mortgage company does not want to remove the property and they would much rather that you purchased the property anyway, the last thing they want is another property on their hands. The 4000 that you mention is a small amount of money in the scheme of things and thus sounds very dubious.

The solicitor that you have is independent or recommended by the agent?
Agree totally - go to Notary and take back Power of Attorney and then find an independent Solicitor. If you have gave given a General Poder then the Attorney can do anything in your name
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