Bulgare Complex Orpheus Valley Pamporovo.

sorbite
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Joined: Thu Aug 26, 2010 9:57 am

Bulgare Complex Orpheus Valley Pamporovo.

Postby sorbite » Sun Oct 03, 2010 8:44 am

Is there any information on the occupation of completed apartments in this complex, in view of the fact that Bulgare should have started repaying the mortgages to the Banks.We have invested circa 38,000 euro's in two apartments in Section E.Our question also is,should Bulgare not repay the mortgages, then how do we stand, reclaiming our money from the banks ?

Regards,
sorbite.

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Re: Bulgare Complex Orpheus Valley Pamporovo.

Postby Admin » Mon Oct 04, 2010 8:41 am

Hi sorbite,

There is no public register which to show what is the occupation of the completed blocks. But having in mind that all the apartments are still owned by Bulgare, then you can guess that buyers still can't enter and use their apartments. First the developer has to repay his debt, then th mortgage will be lifted and at the end of the process Bulgare can transfer apartments to buyers. At this current moment the situation has not changed: Bulgare are still not repaying loans. You have absolutely no legal basis on which to claim money from the bank. If Bulgare failed to pay the mortgage back, the bank can easily take all the apartments and take them to public auction ( our experience shows that the same thing happened with Windows to Paradise complex in Balchik).

Bulgariandeals Team
sorbite
Posts: 14
Joined: Thu Aug 26, 2010 9:57 am

Re: Bulgare Complex Orpheus Valley Pamporovo.

Postby sorbite » Wed Dec 01, 2010 11:56 am

Hi,
What is the current status of mortgage repayments by Bulgare in the Orpheus Valley complex.

Best Regards, Sorbite.


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