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Safaricom Investment Cooperative
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Hunderwear
#111 Posted : Sunday, October 27, 2013 7:14:33 PM
Rank: Member

Joined: 4/14/2011
Posts: 639
truth101 wrote:
I have the very same question about the Title taking too long to process. Has anyone received any title form the sacco?

My biggest concern about SIC is over selling the plots. i.e if they have 10 plots they sell to more than 10 people hence some people end up paying but don't get allocated the plots they chose.

Is it a honest mistake or are they getting greedy?? Please make sure that you have been allocated the plot number you signed for. You may be shocked 2 years down the line that your plot has been given to someone else. You will get your money back but they have used your money to grow there company and instead of compensating you they will still charge you the 10,000 withdrawal fee.

If anyone knows how to fight this please share


What????Is this your experience or you just overerheard somewhere?Am having the first plot with them paid in instalment.I wil seek a written confirmation that I wil get the plot I choose tomorrow failing which I will withdraw coz I hate being shortchanged.Btw is there a provision for filling the plot number un their offer letter?
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webish
#112 Posted : Sunday, October 27, 2013 8:26:13 PM
Rank: Member

Joined: 10/19/2009
Posts: 671
Location: Nairobi
Hunderwear wrote:
truth101 wrote:
I have the very same question about the Title taking too long to process. Has anyone received any title form the sacco?

My biggest concern about SIC is over selling the plots. i.e if they have 10 plots they sell to more than 10 people hence some people end up paying but don't get allocated the plots they chose.

Is it a honest mistake or are they getting greedy?? Please make sure that you have been allocated the plot number you signed for. You may be shocked 2 years down the line that your plot has been given to someone else. You will get your money back but they have used your money to grow there company and instead of compensating you they will still charge you the 10,000 withdrawal fee.

If anyone knows how to fight this please share


What????Is this your experience or you just overerheard somewhere?Am having the first plot with them paid in instalment.I wil seek a written confirmation that I wil get the plot I choose tomorrow failing which I will withdraw coz I hate being shortchanged.Btw is there a provision for filling the plot number un their offer letter?


Hey @Hunder.. also in the process (this coming week). Please reach out at ( jabrasets@gmail.com )..we can share experiences, if you don't mind.

Life is joy, death is peace, but the transition is very difficult.
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webish
#113 Posted : Sunday, October 27, 2013 8:29:27 PM
Rank: Member

Joined: 10/19/2009
Posts: 671
Location: Nairobi
Brief experience so far.

My Lawyer has been insisting on a Copy of Original Title, which SIC cannot provide.. not sure if this is how Land Selling companies Operate? Did an official Request, and they said, THEY DO NOT issue copies of title for search purposes...

They say LR Number is enough for Official Search. My Lawyer thinks otherwise.


Life is joy, death is peace, but the transition is very difficult.
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BGL
#114 Posted : Sunday, October 27, 2013 10:14:49 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
deleted
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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bird_man
#115 Posted : Monday, October 28, 2013 9:03:41 AM
Rank: Veteran

Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
@BGL....what happened?Why so?
Formally employed people often live their employers' dream & forget about their own.
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truth104
#116 Posted : Monday, October 28, 2013 11:31:37 AM
Rank: Hello

Joined: 10/28/2013
Posts: 1
Hunderwear wrote:
truth101 wrote:
I have the very same question about the Title taking too long to process. Has anyone received any title form the sacco?

My biggest concern about SIC is over selling the plots. i.e if they have 10 plots they sell to more than 10 people hence some people end up paying but don't get allocated the plots they chose.

Is it a honest mistake or are they getting greedy?? Please make sure that you have been allocated the plot number you signed for. You may be shocked 2 years down the line that your plot has been given to someone else. You will get your money back but they have used your money to grow there company and instead of compensating you they will still charge you the 10,000 withdrawal fee.

If anyone knows how to fight this please share


What????Is this your experience or you just overerheard somewhere?Am having the first plot with them paid in instalment.I wil seek a written confirmation that I wil get the plot I choose tomorrow failing which I will withdraw coz I hate being shortchanged.Btw is there a provision for filling the plot number un their offer letter?


(sorry i register under my yahoo account and the system couldn't let me sign in as truth101)
Its my own experience and its very frustrating since the plot numbers are on the offer letter.
So my issue was how can they really give the plot to someone else when I have the offer letters in my hand.
Well am afraid to go through the legal system since i know they have very good lawyers hence am afraid this will prolong the time when i get my money back. I can live with the 30 days they have given me.
I also have another plot that i have paid off in Salama which they have said that the Title should be ready. Am crossing my fingers and if i dont get it by end of November i guess it will be time to withdraw completely and sell all my shares and tell all my friends to run very fast away from SIC
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truth101
#117 Posted : Monday, October 28, 2013 11:41:43 AM
Rank: New-farer

Joined: 10/25/2013
Posts: 12
webish wrote:
Brief experience so far.

My Lawyer has been insisting on a Copy of Original Title, which SIC cannot provide.. not sure if this is how Land Selling companies Operate? Did an official Request, and they said, THEY DO NOT issue copies of title for search purposes...

They say LR Number is enough for Official Search. My Lawyer thinks otherwise.



Is this for the Salama plots???
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webish
#118 Posted : Monday, October 28, 2013 11:53:55 AM
Rank: Member

Joined: 10/19/2009
Posts: 671
Location: Nairobi
truth101 wrote:
webish wrote:
Brief experience so far.

My Lawyer has been insisting on a Copy of Original Title, which SIC cannot provide.. not sure if this is how Land Selling companies Operate? Did an official Request, and they said, THEY DO NOT issue copies of title for search purposes...

They say LR Number is enough for Official Search. My Lawyer thinks otherwise.



Is this for the Salama plots???


No, not Salama.

Sorry for what has happened. Will report back if anything..

Life is joy, death is peace, but the transition is very difficult.
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truth101
#119 Posted : Monday, October 28, 2013 9:00:35 PM
Rank: New-farer

Joined: 10/25/2013
Posts: 12
Hunderwear wrote:
truth101 wrote:
I have the very same question about the Title taking too long to process. Has anyone received any title form the sacco?

My biggest concern about SIC is over selling the plots. i.e if they have 10 plots they sell to more than 10 people hence some people end up paying but don't get allocated the plots they chose.

Is it a honest mistake or are they getting greedy?? Please make sure that you have been allocated the plot number you signed for. You may be shocked 2 years down the line that your plot has been given to someone else. You will get your money back but they have used your money to grow there company and instead of compensating you they will still charge you the 10,000 withdrawal fee.

If anyone knows how to fight this please share


What????Is this your experience or you just overerheard somewhere?Am having the first plot with them paid in instalment.I wil seek a written confirmation that I wil get the plot I choose tomorrow failing which I will withdraw coz I hate being shortchanged.Btw is there a provision for filling the plot number un their offer letter?


Any updates???
There is no provision for plot number on the offer letter. They just wrote on the top with a pen my member number and the plot number.
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Hunderwear
#120 Posted : Tuesday, October 29, 2013 12:30:10 AM
Rank: Member

Joined: 4/14/2011
Posts: 639
I talked with them today pretending not to know my plot number.They read me what they had in the system and corresponded with whAt I had booked.On asking for a written confirmation I was told they dont do that bt on insisting I was referd to another offce which had no one...I got busy.I w follow tommorrow.I think greed is setting in.
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