By Garland M. Baker
Special to A.M. Costa Rica
There still are opportunities in real estate and real bargains for those people with patience and tenacity.
One possibility is the judicial auction.
The Boletín Judicial publishes information on properties going to auction in almost every edition. Buying real estate at auction is easy. One just needs to know the rules and have persistence. It is common to go to 10 or more auctions to find a deal.
Technique opens up other sources for cash
By Garland M. Baker
Special to A.M. Costa Rica
Can a person or an institution lend money anywhere in the world in any currency and tie up assets here? The answer is yes, and to do so is not hard but a little technical.
Many foreigners would like to buy property in Costa Rica but do not have any credit in this country. Or they would prefer to work with their lender back home.
As the world shrinks, some lenders are looking for ways to lend money to real estate buyers in Costa Rica. But they do not know how to register a security interest here.
This web site contains articles written by Garland M. Baker and Lic. Allan Garro for the A.M. Costa Rica. These articles contain important information that everyone doing business—personal and corporate—in Costa Rica ought to know. Reach them at [email protected]
A Complimentary Reprint is available at the end of each article.
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