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Author Topic: What they don't tell you about Costa Rica.  (Read 1552 times)
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Jimmy21Simon
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« on: January 17, 2007, 02:57:37 PM »

It’s obvious that most people who buy property in Costa Rica have not lived there very long or not at all and don’t know much about the laws and many other things. I have been living here for around 12 years only because of the climate and the fresh fruits and veggies. I had thought of buying property when I first came here, but when I began to find out about some of the laws, the corruption, and many other details that all these real estate dealers never tell you about, I began to have second thoughts. I rent a cheap apartment and sleep in peace. Let’s get to specifics. For starters go to www.amcostarica and read the archives and the letters people write and also others. I know of no one who has lived here who has never been robbed at least once. I’ve had one of my friends murdered in his own home by his gardener. I’ve had a friend from the US come to visit me and got robbed 10 minutes after leaving the airport to come to my apartment. There is a law here that protects squatters, which a real estate person will never tell you about. An American and a local squatter settled on the Americans property, got into a dispute a few years ago and they shot each other during the dispute and both died. It happened around Cartago I believe. If you get into any legal litigations, don’t expect to win in court. Plus it could last for 10 to 20 years and the lawyers will drain all your money. The law only serves the ones who are in power and no one else. The employees of the Public Register, where all land deeds, etc are kept, has often been involved in forging land deeds of dead people and selling the dead persons property to a friend. When the heirs try to claim the property, they’re told that their dead father sold the property before he passed away. If you visit any of these 3rd world countries, from Mexico on down to Argentina, pay attention to all the iron bars in the windows, and all the pad locks on the doors and all the guards in the banks with shotguns.. You don’t have to talk to anyone to know in what kind of society you’re in. Just look around you. If you can’t figure it out, then you deserved to be taken to the cleaners. This is all just for starters. I could write a book on the things that go on here. If you have any questions, just post them and I’ll try to answer the best I can. I’m new and not to sure on how to use this forum. Last time clicked a millon buttons on trying to post something and still I’m not sure.   
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Russ
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« Reply #1 on: January 20, 2007, 07:51:16 AM »

Hi Jimmy, welcome to the forums.  Your account is now activated and you should be able to post freely, thank you for contributing. 

These are good points, I do believe that the people who are dissatisfied living in Costa Rica and who eventually give up are those who bought on the spur of the moment and expected the country to be other than what it is. 

As to squatters and frauds in the registry I would like to clarify the situation a bit.  The law in Costa Rica favors those who use the land productively.  This is a reaction to situations in Latin America where large landowners controlled the land but it was not being used.  Poor people were unable to farm land for their own needs or to grow crops for sale.  This doesn't mean that someone can come in and forcibly usurp your land !  But it does mean that if you plan on buying tracts of land that you want to develop later or live on later that you have to take the necessary steps to protect your rights under the law.

I would like to point out that the frauds in the registry have been in the news because they were discovered.  Those responsible are being prosecuted.  This is another situation where you can protect yourself as a buyer and landowner by taking the necessary steps.  1 common factor is that the buyers were often buying the property sight unseen and through intermediaries.  Another huge step you can take is to use a reputable realtor, who will perform due diligence and ensure that the "seller" is the owner.  Your realtor will help you avoid buying property that could be susceptible to a scam artist, and can also explain to you techniques for securing your property in the registry.
« Last Edit: January 20, 2007, 11:48:45 AM by rod » Logged

Russ Martin
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« Reply #2 on: July 30, 2009, 09:08:30 AM »

Property Guard is a new service to all real estate buyers in Costa Rica: www.propertyguardcr.com and a free service for all GoDutch Realty buyers. Those who buy property from any partner in AE Costa Rica, will get a nice discount.

Property Guard checks your title in the Public Register every 3 weeks and lets you know when you have a problem or someone is trying to steal your property by transferring the title or getting a mortgage on it.
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Have fun in the sun
Ivo Henfling
Godutch Realty Escazú
www.godutchrealty.com
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