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PostPosted: February 26th, 2011, 2:57 pm 
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Location: Italy
For everybody's information, a date has been fixed by the notary to auction off the harbour view apartments at the Marasusa complex in Parghelia.

The date is 23 March 2011 at 12.00 at Dr. Beatrice Romano's office in Vibo Valentia.

Please note that this does not affect apartments around the pool as previously sold which do pass due diligence.

Further information: http://www.asteannunci.it/procedure/scheda.php?id=162462.

It would be helpful if one of the lawyers on board could explain why a notary is auctioning this and on behalf of whom.

Dennis.


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PostPosted: March 1st, 2011, 10:13 am 
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I second this, as if the apartments already sold pass due diligence why do these not and if they do not pass how are they able to be put up for auction?


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PostPosted: March 1st, 2011, 10:18 am 
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A due diligence would show that there is an incumbent debt on the property. Technically they are registered as one development in the land registry and the notary is auctioning it off to clear the debts.

The sold units were cleared off debt and registered individually in the land registry.


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PostPosted: March 1st, 2011, 11:39 am 
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ahhh, so may be a good buy if you have cash?


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PostPosted: March 1st, 2011, 11:51 am 
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yes, definitely!

Offers start out at € 2.349.977,00

Good luck!


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PostPosted: March 1st, 2011, 1:27 pm 
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per sq metre
?


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PostPosted: March 26th, 2011, 11:02 am 
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How much ?


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PostPosted: March 26th, 2011, 11:50 am 
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Written in the UK as € 2,349,977.00.

The whole lot, I presume.


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PostPosted: March 27th, 2011, 5:22 pm 
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If my info is correct the properties did not sell.


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PostPosted: May 10th, 2011, 7:11 pm 
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Any news??


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PostPosted: May 10th, 2011, 9:59 pm 
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Still there.

It is a reverse auction, starting quite high and then moving down. Interested parties would be holding their horses for another bit.


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