Apartment Investment Properties

Apartment Investment Properties

If you have some spare money and your thinking about investing abroad.....DONT.

There are many success stories of people buying property abroad but if your looking at BULGARIA its a mistake.

CFP, Fort Noks and MRI are all useless.

There are countless stories from people who have been ripped off by one two or all three of these companies!

My and many others advice is to stay away from them all.

CFP will promise you a mortgage and seem good until you pay them.  Once paid they never speak to you and you don't know what's going on!

MRI will sell you a property then never speak to you again and take no responsibility for anything.  I really don't see the point in them!

Fort Noks are the developers we purchased from.  They decided to complete the project a year early and gave us 1 month to pay the remaining balance.  After CFP's performance we failed and then they said tough! and took back the apartment.  Don't worry we are still trying to get our money back but no luck yet.

Any one else with similar problems?

MRI, CFP, MacAnthony Realty, Fort Noks, Brian Smith

MRI, CFP, MacAnthony Realty, Legal Independence FRAUD.... THEFT.... CONNED

This is another Interesting post by someone!

It seems so because there doesn't seem to be any solicitor out there with the know how on taking this Business Demon Mac and it's little Angels, down... I guess it has reached the top of the Government chain and found itself a niche to hide in. Any Government in any country in their right mind would have this company arrested. 

One reason why this company is still going is because they know there is too much paperwork involved and it will take years to find an end. This means that if you join the Mac team now... You can defraud people and never get caught because the time taken to find you will expire under some law that Mac has written with whatever Government it is paying off. It is too big for one person to take on. It knows this. There is always someone new to your file. Never a set person to continue with your purchase.

Our Law team were a disaster. Careless and Lazy. We signed on their advice that these contracts were O.K. and that at worst we would lose our deposits. Now Mac wants the completion money. Best of luck getting it...!!
Where is our European Law System.... What exactly will the LISBON TREATY do for people like Mac... If prominent European Countries Justice Systems along with their Governments don't bother with people like this then how in Gods name do they expect to achieve a strong economic presence in Europe ??? I'm stunned by this..??? !!
The fact that Mac is unregulated and still operating today leaves me no choice but to presume that it has these governments in it's hand. It is beyond the Law and as long as it is in business then people will be defrauded out of their properties.

Congratulations, you bring a whole new meaning to Con Artist. It is becoming a criminals world for sure... LEGAL DEFRAUD really exists !! 

Global Financial Partners Inc

   (Brian B Smith Cfp) - I have had no luck getting my money back which he said him self they owe me!

Another one!

We went out to bansco, Bulgaria in May 2008 where we bought an appartment in silver mountains for 70,000Euros. We have paid the 50%deposit including nearly 6,000Euros for the furniture, 1800E to Martinez the lawyers and 900E to Capital Financial Partners. Now we are told that no mortgages are available on studio flats. We risk losing our deposit. The lawyers have made the contract one-sided which favours MRI. The property is overpriced and i have heard a lot of negative stories about how they are treating people. Is anyone else affected in the same way?. We have been totally misled with false promises and lies.

CFP, Fort Noks and MRI. Do not Trust!

CFP aka Capital Finance Partners are the worst.  We paid them £1000 to get us a Mortgage in Bulgaria.

But after a month we realized they were no good.  They could not get us a Mortgage because they are useless.  We even had to tell out representative at CFP that the Mortage she was applying for we could not have because we did not meet the criteria.

It gets worse.  When we paid them Brian Smith told us if they did not get us a Mortgage then we could have a refund.  However 6 Months ago they failed and said they were not trying to get our Mortgage anymore.  We asked for our money back and guess what.  No, apparently they have changed their terms of service.

So Brian Smith, don't deal with him or his company.  Useless.

Email from Brian Smith

With regards to your refund request, whilst we are committed to refunding your membership payment, we are unable to do so at this time.

Your membership is a lifetime membership,  however due to the circumstances within the Bulgarian financial markets and the banks inability to service the large number of clients we provided to them, CFP has agreed to refund you even though this is outside of the terms and conditions of your membership.

CFP is currently taking legal action against several banks in Bulgaria for breach of contract due to their failure to meet the lending conditions laid out in the collaboration agreement between the banks involved and CFP. We have been advised by our legal counsel that while our case is strong, it will take several months before our case goes before a court.

Due to the number of our clients involved, we have been advised to suspend refund payments until our legal claims have begun to move forward and the outcome is more certain.

We will advise you as soon as refund payments are being made again. We appreciate your patience on this matter.

Yours Sincerely

DO NOT DEAL WITH CFP!!!

Bulgaria Scams

Where is our £27,000? We have employed a lawyer since August 2008 in an attempt to recover this money but so far although legal action has been threatened we have not been paid.

Oleg Schneider from Capital Finance Partners, 2 Serdika Street, Bourgas, Bulgaria promised us a loan could be arranged. Where is it?

Their blurb states 'Buying a property abroad can be a daunting experience for many people'. Well now we know that is certainly true. 

Pete from Capital Finance Partners in Marbella confirmed our loan had been arranged. This was a lie we later found out. I believe this was only an attempt to extort more money from us.

Their blurb states 'Buying a property abroad can be a daunting experience for many people'. Well now we know. 

Legal Independance Khan Krum Street, Bourgas, Bulgaria have not helped us at all despite being paid. They keep mentioning that the developer, Fort Noks, has the money. GET IT BACK. We paid for anapartment and furnished it. What has been done with our furniture? Was our apartment being rented while we were trying to contact everyone we could to find out what was going on? 

B G Property, Sunny Beach, Bulgaria also requested a payment for maintenance however as the apartment was not ours at the time we questioned this. We were then threatened with late payment charges if we did not pay up. As we were concerned about losing our apartment we paid up.

Despite many phone calls and hundreds of e-mails we were never kept informed. We chose to pay MRI aftersales as well thinking this would help. WHAT A JOKE!

After reading the reports from other people who have lost so much we feel we have been very lucky. Although we have lost a huge sum of money and my husband's plans for rearly retirement have been postponed we at least still have our home. This whole matter has to be one of the most stressful my husband and myself have ever encountered. I have reported this as I would not want anyone else to go through what we have. MACANTHONY REALTY INTERNATIONAL/DDC PROPERTIES AND THEIR COHORTS MUST BE STOPPED. 



Pam
East Kilbride
United Kingdom

Emails from Teodor at Fort Noks

I received these email from Teodor regarding me Apartment in Bulgaria, Holiday Fort Golf Club.

So far we have not received any installment despite the additional time we have given you. If you want to keep the apartment a payment should be made. If not the apartment will be put back on the market.
As I have informed you before the money paid for ap. 531 can be used in future for another purchase without any losses

kind regards,
Teodor Minev

Fort Noks Ltd.

I dont think they will stick to this agreement because they wont sign anything to say they will!

According to article 15.1 and 15.2 the contract is automatically terminated one month after the final date of any payment due. I have given you more than 6 months without result so the apartment will be released. I have offered you to keep the amount paid as a deposit for future purchase. I cannot do anything more.

We were in dispute with Teodor long before this but they dont want to know.  All they want is to keep the money and never speak to us again.

Don't buy form Fort Noks!!

Messed About

Talking to a couple from the UK. This is their story.

"We purchased an apartment in Holiday Fort Gold Club and it has been
trouble ever since we signed the contract.
First Fort Noks did NOT tell us that the apartment was completing a
year early so we had no time to get finances sorted. Then we used CFP
who Fort Noks and MRI recommend but they did nothing except waste
time. They were applying for mortgages that were totally in
appropriate for us and then told us they could not get us a Mortgage.
Then Said they would not refund us!!!! RIP OFF

I think Fort Noks, MRI and CFP are in it together!"

Do not deal with CFP, MRI or Fort Noks. Also good luck getting a
reply from Tedore!