Tag: Foreclosure

How to buy foreclosed property in Costa Rica?

Estimated Reading Time: 5 Minutes Did you know that real estate agents seldom list foreclosed property in Costa Rica? Unusual, isn’t it? Real estate licensing is not mandatory. This is the reason banks do not use real estate professionals to sell a bank-owned property. Only in a buyer’s market, some banks ask realtors to register.…

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Can I take over an existing mortgage on a Costa Rican property I purchase?

The advertisement on Craigslist carries the title “Take over an existing mortgage on this property, cheap financing”. The first one to answer on the ad is a foreigner, Jim Luckydeal, who plans to move to Costa Rica and has been planning to buy a Costa Rican property for quite a while. The problem has been…

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