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Showing 4 of 4 results by stevester
This sounds like a good idea, but the question is how can the property rights of these unmanaged houses be handed over to you? Another question is that in my country, such uninherited industries have to be collected. It belongs to the country, so it is better to consult the legal situation of your country before making a decision.
This can be done in a country like Tunisia because it is very corrupted and the guy who works in real estate office is willing to add a document stating that the owner sold his house to me in the past if I give him money, and he is taking the risk which is very low because we have no censorship/supervision at those corrupted administrations. So basically I will own the properties in a legal way and I will sell them to whoever interested to buy it cheap.
And no these uninherited houses do not belong to the government
What happens when the new owner finds out that he doesn't actually own the property and somebody forged the documents?
The new owner will actually own the property in a legal way. The forge documents are done before the new owner buy the property, the guy who works in real estate office will add a document state that the owner sold his house to me in the past, and me as a new owner I will sell this property to an investor. and since these houses are neglected by their owners for decades and there was no trial to retrieve from descendants, it is really unlikely that they gonna wake up suddenly and ask about their properties and even if they do it is too late as it was done "legally" and there isn't much they can do.
Okay guys, I am from Tunisia and as some of you may already know my country is 3rd world, full of corruption and one of the tax heaven countries! A lot of African countries were colonized by French and English in the past and Tunisia is one of them. During the French protectorate of Tunisia (1881-1956) a lot of french people (and some other European) moved to live here or have invested in Tunisia.
During the Tunisian independence which occurred from (1952 to 1956) a lot of French and European left Tunisia to go back to their origin countries and left their houses behind them, these houses nowadays are haunted houses (damp walls, full of grass ect...) some of these houses are in capital (Tunis) or in touristic cities like (Sousse, Hammamet ect..).
This brought a great idea to my mind, since I know that many of these houses are totally forgotten, their owners are french/european who didn't check or ask about their properties for decades or a century even!
I contacted a guy I know who works in real estate management in Tunisia that is called "national land ownership office" (cpf tunisie) and explained to him how we can make so much money with these houses, I told him to search for the ownership papers of these houses and change it to me (as it is easy to do this in a country full of corrupted administrations and we have no censorship/supervision) so I become the new owner and have control of them so like that I can sell these houses cheap to other people. I was thinking it would be better to sell them to non Tunisians, since my country also encourage foreign investors and this is why I am posting here. The guy went totally against me at first but after convincing him that some of these houses are really forgotten old houses and just a waste of money, I informed him about a house that happen to be in Sousse and he was looking for it in the office database to find out that this house is haunted since 1929 which means for almost a century! Its owner is a french guy who died in 1974 and his only son also is dead now! this means that nobody tried to retrieve this house all this time and this is a great example! it is true that it is just an old house that was probably worth nothing back in the time but now it does as prices have gone up like crazy, I mean even if the buyer is not interested to renovate the house as it is too old, he can destroy it and build a new one and that is still considered a great investment as the lands are so expensive nowadays.
I convinced this guy especially that he realized that the last European who sold his house in Tunisia was in 1980 and this guy was an italian who kept visiting his house every year until he decided to finally sell it in 1980, there is nobody after him who visited their houses or even asked about it. The guy said he would be interested to help me if I can get foreign people who are interested to buy the houses, we will also allocate a lawyer specialized in real estate during the process, they will get their commission I will get mine, and the buyer will benefit of a great real estate deal!
What you guys think?
During the Tunisian independence which occurred from (1952 to 1956) a lot of French and European left Tunisia to go back to their origin countries and left their houses behind them, these houses nowadays are haunted houses (damp walls, full of grass ect...) some of these houses are in capital (Tunis) or in touristic cities like (Sousse, Hammamet ect..).
This brought a great idea to my mind, since I know that many of these houses are totally forgotten, their owners are french/european who didn't check or ask about their properties for decades or a century even!
I contacted a guy I know who works in real estate management in Tunisia that is called "national land ownership office" (cpf tunisie) and explained to him how we can make so much money with these houses, I told him to search for the ownership papers of these houses and change it to me (as it is easy to do this in a country full of corrupted administrations and we have no censorship/supervision) so I become the new owner and have control of them so like that I can sell these houses cheap to other people. I was thinking it would be better to sell them to non Tunisians, since my country also encourage foreign investors and this is why I am posting here. The guy went totally against me at first but after convincing him that some of these houses are really forgotten old houses and just a waste of money, I informed him about a house that happen to be in Sousse and he was looking for it in the office database to find out that this house is haunted since 1929 which means for almost a century! Its owner is a french guy who died in 1974 and his only son also is dead now! this means that nobody tried to retrieve this house all this time and this is a great example! it is true that it is just an old house that was probably worth nothing back in the time but now it does as prices have gone up like crazy, I mean even if the buyer is not interested to renovate the house as it is too old, he can destroy it and build a new one and that is still considered a great investment as the lands are so expensive nowadays.
I convinced this guy especially that he realized that the last European who sold his house in Tunisia was in 1980 and this guy was an italian who kept visiting his house every year until he decided to finally sell it in 1980, there is nobody after him who visited their houses or even asked about it. The guy said he would be interested to help me if I can get foreign people who are interested to buy the houses, we will also allocate a lawyer specialized in real estate during the process, they will get their commission I will get mine, and the buyer will benefit of a great real estate deal!
What you guys think?