We paid cash in full for our DP2 studio and have got letter stating this. However I'm sorry for everyone who is waiting for a Mortgage for their purchase, these problems which keep arising with this development are very worrying and I wish now I'd just paid a deposit and under the circumstances of what I keep reading on this forum I probably would have pulled out of the deal by now and invested elsewhere. You don't know whats happening on a daily basis, views and comments and information change all the time. Half the time you don't know whether to believe what you are reading and have to take other peoples word it's either true or not true. Having bought before elsewhere and not having experienced these type of problems which are arising. We can only hope things will come good in the end for everybody, but I can't help feeling it's going to be a long road getting there. By the way I've not received a letter or heard from any lawyer telling me my money is safe, I don't know who the Lawyer is who will be dealing with my purchase this will be arranged by WWD (?) I'm told.
Dan, i don't mean to be rude but the first few sentances of this post are in very good English, the rest however seem to be very poorly written
Hey Neil dont be so hard or cynical Dan is out there as he says and has only lapsed into Egyptian pidgin English no doubt to go with the flow and fit into the culture. Surely we dont see the hand of UL in this post!!!!!.Dan, i don't mean to be rude but the first few sentances of this post are in very good English, the rest however seem to be very poorly written
Now did you write the main content or have you copied it from an email that was possibly written by someone else (no prizes for guessing who)? Before you answer remember who you have sent the email too and it doesn't take a rocket scientist to work it out. Just quote the post and do a spell check on it.
Look forward to hearing your reply.
...Linda)As i am in egypt on an internet cafe where the pc was not too good and on a time limit as well as a pc thta was in german mode and swapped y for z it was getting hurried toward the end. My points are mine the text is mine from my personal findings. If you would like the land owner company telephone number i have his direct line and you can confirm his payment status for yourself and then comment. I am here and doing research that quite frankly should have been done more thoroughly by all companies that chose to offer wwd developments. As at yesterday Rawan company has not received a single penny for his cut of each apartment which he was expecting end March and as at yesterday he has not even been paid for the people that have paid in full in cash. Call him, check for yourself, incidentally latest update is Sahl Hasheesh deveolpment in conjunction with Pyramisa builders has been cancelled, well the development will still go ahead but WWD have been given the marching orders in last 48 hours, there are many reasons for this and a meeting that you had previously where you only saw the glossy side of what they want you to see and no doubt impressed you, does not bare the true facts of where wwd organisation is at. Anyone that has completely paid in full will have no deeds or permission to rent or mortgage until the land owner is paid. Perhaps you could help WWD press the magic button and do the right thing for all clients of WWD. Many agents have dropped further dealings with them, Our home abroad in Portsmouth for one, builders are now dropping them fast and why are they not paying the land owner aS part of their contractual obligation, forgive the spelling the rushed typing in internet cafes, but please i have Peter Morris telephone number (DPC and WWD Egypt official) who parted company and i have Rawan, the land owners company number who speaks good enough english. Ask WWD for the copy of written permission to mortgage, to produce it. They cannot, indeed Michael Lynn got very irate and wont reply anymore as he hasnt any answers. ASA regulations regarding advertising...state a company as in breach of rules for advertising a product or service which they have no way of offering. As at times of advert in likes of Place In Sun and agent promotional material, they had no permission and are in breach of such regulations. I am currently awaiting reply from FSA as in now dealing with applications for finance which again they have no permission from the landowner to offer at this time, there are serious breaches here also. I have asked WWD to work with me in setting about a solution, they have so far refused to comment. Just to be clear, as typing i have contacted Rawan company, the land owner today, who just wants to be paid and still has received nothing. He will solve the mortgage permit when he gets paid and as a whole solution only, unfortunately not for individual apartments. If you can get wwd to produce the paper, permitting mortgage, right to let etc, then great if you cant, or anyone else reading then as i am on the development each day i suggest that the proof is in the pudding, ask these questions to the relevant parties yourself. Bear in mind also WWD Egypt is owned by a consortium of parties living on the Costa Del Sol, who have registered themselves in British Virgin Islands to have no tax accountability under 2 companies Reiko Ltd and Vengreen Ltd. Research, thats what i have done albe it a little to late ! I am now trying to establish exactly who is behind these companies. I can only guess at why WWD will not pay the landowner AND always make clear what is my opinion and guess work and what i have found out for sure. My guess is wwd havent got the monies due to landowner so they cant arrange payment which would grant them full permission to mortgage via Taamir. But , this is my guess, i cant imagine why else wwd would make such a problem for themselves and their clients otherwise, me being one of them that just wants what i signed up for as advertised !Dan, i don't mean to be rude but the first few sentances of this post are in very good English, the rest however seem to be very poorly written
Now did you write the main content or have you copied it from an email that was possibly written by someone else (no prizes for guessing who)? Before you answer remember who you have sent the email too and it doesn't take a rocket scientist to work it out. Just quote the post and do a spell check on it.
Look forward to hearing your reply.
A good post and plenty of work has gone into it. Perhaps WWD reading it may want to comment. Perhaps they can come up with a letter similar to the one the copied to owners from El Riad giving contentment and expressing confidence in WWD. This development should be called foggy towers as things are far from clear.
Hi yes i really dont think in the scheme of things spelling etc is really that important, yes el riad have been getting staged payments , they are happy it allows them to stick the bricks together etc...but Rawan is the landowner and the most important, he holds the deeds and yes if he doesnt get paid, and again havent factually checked this yet, El Riad have built him a nice apartment block as he can freeze it under egyptian law until he is paid. So far he has been very patient with wwd and apparently they have said they will pay him, with all people asking about rental possibilities, did you know that the front part of the block will be run by a girl called gemma who works for wwd and will hold all our keys and do rentals, hm what a good idea, sorry for the sarcasm but wwd would be the last people at this minute in time i would trust to make a bed, let alone manage rental business, they need to get serious control, and its not impossible of the property business first. Please dont think i am against wwd full stop. i am just wanting my apartment and they are not going about enabling that in an effective way, for all i know they press the button to transfer land owners money today and all this issue will go away, and praise where prais due. But i do subscibe to the saying, if you are not part of the solution, you are part of the problem.
thank you for your kind comments, as i have tried to point out, all i am trying to do is get my apartment, if anything i have been in contact with WWD most of today about how to save their flagging reputation and giving them the solutions to their problems. Hannah herself said today that they thought El riad was paying the landowner and claim they had no knowledge he wasnt paid. She also told me that Jacqui was unaware of what Taamir were waiting for for the mortgage and valuations to begin. If that is true, and sorry to blow my own trumpet here, but i have found the answers to their problems in 3 days that they havent identified in 3 months. Indeed i have only gone a very medium shade of brown for sitting in offices and asking questions and more and digging. Hopefully after today i wil hear some positive news that WWD are grasping the bull by the horns and doing everything in their power to get the landowner paid, which will grant mortgage permissions and have deeds to send to land registry equivalent here in egypt as people compelte. And ok its not as mansion but it is a bloody good project for the money and when you get here you realise just how risky the whole game is, loads of concrete platforms and half built sites abandoned where people have run out of money. On a lighter note, if anyone was thinking of becoming a lilo salesman, dont bother, you really can float in the Red Sea, other not so interesting facts...the Daewoo Lanos is the car of choice here...yes who d'av thought it and headlights, they use to much petrol at night so just sound the horn when you feel like it. I have walked round at all times of night and found the locals, ever eager to please, and the most friendly people around, never felt it to be dodgy and the surrounding of our apartmetns is one big construction site of other blocks that will really make the area a good place rather than waste land. The front is a lovely smart promenade and it is dirt dirt cheap for those that havent been here yet. All WWD have to do is press the button and pay the landowner, why they havent, well they say they didnt know, will they, thats what we now have to make sure they do for their sakes and ours ! This is WWDs wake up call ! Now is the chance to take control again and put everyone in their apartmetns happy, but time is ticking ....
so when the statement from elriad is sent out what did that mean when they state NO MONIES ARE OUTSTANDING AND ALL FEES ARE PAID ON TIME AND THER E ARE NO PROBLEMS BETWEEN ELRIAD AND WWD. How much would that figure loaned be for a 5 or 10 year mortgage please?
I would like to respond to the above.
