Foreign Property Advice

Discussion in 'Growing and Managing a Business' started by kevkeane, Jan 8, 2011.

  1. kevkeane

    kevkeane
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    Hi.
    I have purchased a site through an individual whom I foolishly trusted. This site was purchased over 4 years ago through a company, which I invested my money into.
    However, I have since discovered that the company has been liquidated and the site has been transferred to another company, without my knowledge.
    I don't know who to turn to in getting advice as I am reluctant to trust anyone over in this country. It is Hungary.

    I wonder is there anyone in Ireland whom I could speak to?
    Any help would be greatly appreciated
     
  2. Fergal

    Fergal
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    Hi kevkeane, your first port of call would probably be to contact a local solicitor and ask if they can do anything to help you. Preferably speak to a a solicitor who specialises in property and conveyancing.

    Contact anyone else who was involved in the transaction to see if they can do anything to help, e.g. if their was an estate agent involved or the bank that facilitated the financial transfer.

    Also try contacting the Hungarian embassy in Ireland. ask them if there is anything they can do to help or if they can suggest anyone who could help. Their contact details are below, hopefully they are up to date;

    Hungary Embassy, Ireland
    2 Fitzwilliam Place
    Dublin
    Tel
    01-6612902
    01-6612903
    01-6612904

    Talk to the Irish Auctioneers and Valuers Institute, they probably won't be able to help you directly but they will have dealt with people that have had a similar experience to you and they should be able to point you in the right direction.

    Make some phone calls, if the person or organisation can't help you ask them if they know anyone who can. Hopefully you will eventually reach someone who knows exactly how to handle the situation.

    Good luck with it and please do post back with an update and your thoughts.
     
  3. Felix07Richerd

    Felix07Richerd
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    Sounds like a common problem all around. I was in a similar mess. I had an investment in Spain in which 11 boy has invested over $ 3 million and is a company that had a very detailed corporate structure for tax purposes or so they say. We were promised the sun, moon and stars.
     
  4. Fergal

    Fergal
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    What happened to your investment there Felix07Richerd? Do you hold out any hope that you will get your money back?
     

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