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Posts by thedom  

Joined: 4 Mar 2008 / Male ♂ 		Last Post: -
Threads: Total: 1 / In This Archive: 1
Posts: Total: 7 / In This Archive: 7 		From: Belfast
Speaks Polish?: no
Interests: Travel

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thedom   
4 Mar 2008
Real Estate / Luksa - Big problems with developer in Lwowska, Krakow [79]

Anyone out there trying to buy property in Krakow through a builder called Luksa. We (3 Irish guys) are being screwed big time. We signed preliminary agreements in 2006 with relevant solicitor agreements and notarial sign off and paid 10% deposit and now the builder is now claiming that he can't get planning permit for our three apartments. We assume he is trying to offload us from the deal so that he can sell on and get a higher price. Our Polish solicitor is dealing with the issue but the builder is resolute in claimimg that there is no building permit. For some reason we cannot legally check out whether or not he even applied for a permit or whther this is a scam similar to the Bud Mar trails I have been reading on this site. How did that resolve itself. Anyone else in same boat.
thedom   
19 Mar 2008
Real Estate / Luksa - Big problems with developer in Lwowska, Krakow [79]

I appreciate your thoughts. Our solicitor is trying to first of all establish whether he has the funds to repay us our deposits plus penalty. I'd be interested to find out in your opinion what would the developer do if we just hung on in there - could he sell on to third party or resell at higher price while we were still refusing to sign any agreement cancelling our preliminary agreement. ITs a real shame cause we (3 in total) have lost over 2 years growth and Lwowska is such a nice spot.

Did your clients negotiate an 'amicable termination' fee from Luksa in addition to the fixed 20% penalty. If so how much?
I still would like to know what happens if we refuse to sign termination and just hang on - do we risk losing all?
thedom   
14 Apr 2008
Real Estate / Luksa - Big problems with developer in Lwowska, Krakow [79]

Good advice but will it work. We were informed by legal rep that in the interim there is no guarantee that Luksa won't sell investment to third party and the third party could change original plans (the project of the new third party developer may be completely different from original). In that case, the conclusion of the promised contract would be impossible.

Don't mind sitting it out if it takes that to get apartment.

I heard a rumour that demolition had started onsite -any truth in that. Did you get your money back + 20% yet?
thedom   
7 May 2008
Real Estate / Luksa - Big problems with developer in Lwowska, Krakow [79]

If demolition has started - who is doing it and surely demolition can't start without agreement on what is going to be built there. Can anyone ascertain for me if this is Lwowska Residence site being demolished.
thedom   
11 May 2008
Real Estate / Luksa - Big problems with developer in Lwowska, Krakow [79]

Thay are trying to sell the development but it was unsuccesful at auction. We 3 are sticking our ground for now. Our names are on the register of land and mortgages for that site. The only way out for us is a healthy settlement or he builds what he promised us according to our orginal agreement. Lets keep all interested parties posted of anything new regarding this development using this posting thread.

Later
thedom   
2 Sep 2008
Real Estate / Luksa - Big problems with developer in Lwowska, Krakow [79]

Our Polish solicitor has instructed us that builder is preparing to draw up revised addendum to original agreement based on the fact that demolition has begun/is complete? and his submission of revised plans to plannig authorities? It remains to be seen what that will entail and if it is our favour. Watch this space.
thedom   
31 Jan 2010
Real Estate / Luksa - Big problems with developer in Lwowska, Krakow [79]

Molly

Clearly you are being advised to do just that by your lawyer because Luksa is stalling on paying up - again. Ditto for us. Sounds like we have the same solicitor or else they all work off the same strategy book. Short answer to your quest - don't know - but what is your alternative particularly if your limitation period is up?