Marsa Alam

[queenie40something]

Hi all

Just to let you know that Zeiad is away at the moment ( he does answer my emails as a friend ) and he will be back in Sharm soon. If you have not heard from Zeiad then I would strongly advise ( as 1 nobody to another - u know what I mean ) that you DO NOT hand any monies over or do anything else until you have been given the go ahead xx

Originally Posted by samui13

Hiya

I just got a shirty reply from the developer about my response to their email that we were not allowed to check up on due diligence, if you would like a copy PM me your email address and I am also waiting to get permission to post it on the forum. I also asked the question of amendments to the arabic contract and the reply I got was ....

"IF any changes to your contract are approved, then the arabic contract will reflect this. All contracts are a standard version and individual changes are not allowed. So if any changes are made to your contract they will be amended for all future contracts as well. Obviously we cannot have 1434 different contracts."

Thats obviously a big IF then!!

I am slightly gutted since my heart has been telling me to go ahead all the way through and now ive got this shirty email it has totally made me question again the whole thing. It was very defensive

Hi Samui,

I'm sorry to hear that you are feeling disheartened at the moment, although quite understandbly from what I've read.

Just wanted to remind everyone that quite often statements made in text rather than voice can come across as being 'shirty' or 'offensive' to the recipient, when it is not always the intention. Plus, with language barriers etc. this will also have a bearing on the way things come across.

It may be worth starting afresh and emailing the developers again tomorrow, just to see if the response is explained in a better manner.

[Lsab]

Great post Suzanne - I was thinking the same myself. If you are corresponding with an Egyptian, Samui, it's easy to get wires crossed. I've been married to one for almost 20 years and it still happens regularly!!

[samui13]

Ha ha Lsab.

Its actually a londoner so I am guessing exactly how to take him but I could be wrong!!

Originally Posted by samui13

Ha ha Lsab.

Its actually a londoner so I am guessing exactly how to take him but I could be wrong!!

Ahhhh ... well that explains all then Samui ... LOL (only joking)

Ok, so it's not the language barrier then. It can still be the text thing though. I would still start afresh tomorrow, let him know that you were slightly offended by the manner of his previous email and see what he has to say for himself.

[cin7166]

That's why I'm not saying very much and leaving it in my lawyer hands. If he's happy, I'm happy.

[anthonyday]

Exactly, thanks cin7166

[queenie40something]

Tony and welcome - but - thats what a forum is for - opinions so how can you come on a forum and tell people to keep them to themselves??

Can you expand on the 17 you have bought?? How many and where in Egypt as this is very different from other countries. Who has done your due diligence for you? You say it is very thorough so what qualifications in Egyptian law do you have to make that statement??? Where have you bought / reserved in Marsa if you dont mind me asking?
I believe some have had problems with Seddons not only on this but other developments.

I will ask you straight out are you an Agent or a genuine investor?? If an investor where on Marsa have you bought??

Also forgive me for my negativity but you have only just found this forum but have purchased 17 and this is the biggest overseas forum and you have bought on Zafarana as well - why have you only just joined and made a rather large post.

Again if you are genuine I apologise if my post comes across to you as a negative one.

Regards

Alison

[kc67]

Well said Queenie and Stew, there are a few of us in the same position with the same doubts and frustrations. Anthony, if I may say so, you seem a little niaive and I from your post I find it extremely difficult to believe that you have invested in so many properties. This forum is all about people voicing their different opinions and experiences - and as investors, we are free to make our own choices based on the information. At the moment (in my opinion) IPI have not supplied the full due diligence, they and their solicitors (who they wish us to instruct at an extortionate cost and who appear to be totally unaware of Egyptian law - scary!) are unaware that their english contract is not worth the paper it is written on in an Egyptian Court, they have delayed and then delayed some more, not been upfront about the signatories for the escrow account - making us believe our money is to be held by a totally independent body. I could go on, and on, and on.......... my patience and trust is failing fast! However, Anthony, if you are willing and happy to believe every single word said without checking, then go for it and I hope that it all works out for you.
Karen.

[johnwayne]

long may this forum continue to run, with its free opinions both negative and of course the positive ones! Many people raise their concerns about certain developments that others are less unaware of either because it is their first time purchase abroad or because they have doubts. People must be allowed to express themselves freely - sometimes we don't agree and sometimes tempers/rants run quite high on occassions!

Long may TP reign!