Comments on: A Checklist to Stay Out of Real Estate Trouble http://crexpertise.info/checklist-stay-out-real-estate-trouble/ Everything you need to know about doing business in Costa Rica Tue, 07 Sep 2010 13:13:29 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Lic. Arcelio Hernandez Mussio http://crexpertise.info/checklist-stay-out-real-estate-trouble/comment-page-1/#comment-34 Lic. Arcelio Hernandez Mussio Sun, 16 Aug 2009 20:59:55 +0000 #comment-34 The insurance monopoly no longer exists in Costa Rica. But title companies here, such as Stewart Title, do not technically sell insurance policies, but rather they sell title guarantees. The difference is that the guarantee protects against past problems with the chain of title transfers. Again, a title policiy adds value to a property, but it is not necessary. The best way to protect your property title against fraud, is to check the title at the national registry regularly. The insurance monopoly no longer exists in Costa Rica. But title companies here, such as Stewart Title, do not technically sell insurance policies, but rather they sell title guarantees. The difference is that the guarantee protects against past problems with the chain of title transfers. Again, a title policiy adds value to a property, but it is not necessary. The best way to protect your property title against fraud, is to check the title at the national registry regularly.

]]> By: Richard Morris http://crexpertise.info/checklist-stay-out-real-estate-trouble/comment-page-1/#comment-33 Richard Morris Sat, 24 Dec 2005 00:01:48 +0000 #comment-33 Mr Baker<br /> <br /> First, I want Thank-you for this Great Resource Site! and your expertise! I am interested in a piece of property in Dos Brazos, in the OSA. I understand that the town is in the Reserva Forestal Golfo Dulce. I also understand that there is no title to this property and that I'm buying time not title. Can you perhaps direct me to further resorces so that I can understand what I'm looking at and avoid a pit fall, or should I just stay clear???<br /> <br /> Season Greetings!<br /> Richard Mr Baker

First, I want Thank-you for this Great Resource Site! and your expertise! I am interested in a piece of property in Dos Brazos, in the OSA. I understand that the town is in the Reserva Forestal Golfo Dulce. I also understand that there is no title to this property and that I’m buying time not title. Can you perhaps direct me to further resorces so that I can understand what I’m looking at and avoid a pit fall, or should I just stay clear???

Season Greetings!
Richard

]]> By: Arcelio Hernandez http://crexpertise.info/checklist-stay-out-real-estate-trouble/comment-page-1/#comment-32 Arcelio Hernandez Sat, 08 Oct 2005 18:03:50 +0000 #comment-32 Title transfer tax is 1.5% of the property value, that is, the price of the purchase, or the fiscal value, whichever is HIGHER. There are also stamps to be paid for recording a title transfer or mortgage. I advise my clients to obtain a Title Guarantee when they can afford it, as it gives them extra protection, and adds value. It is not illegal in Costa Rica. Title transfer tax is 1.5% of the property value, that is, the price of the purchase, or the fiscal value, whichever is HIGHER. There are also stamps to be paid for recording a title transfer or mortgage. I advise my clients to obtain a Title Guarantee when they can afford it, as it gives them extra protection, and adds value. It is not illegal in Costa Rica.

]]> By: Garland Baker http://crexpertise.info/checklist-stay-out-real-estate-trouble/comment-page-1/#comment-31 Garland Baker Wed, 05 Oct 2005 03:09:00 +0000 #comment-31 Dear Sir,<br /> <br /> I do not believe in title insurance in Costa Rica. Theoretically, all the title insurance companies are illegal because Costa Rica has a governmentally owned insurance monopoly. More importantly, the contracts of title insurance are so restrictive in Costa Rica, I know no one ever receiving money on a claim. Title insurance is something popular in other countries and is sold here to people who just have to have it because of their beliefs coming from somewhere else. There are better and cheaper ways to protect your property in Costa Rica. Read post <a href="http://crexpertise.info/index.php?p=43&more=1&c=1&tb=1&pb=1#more43" rel="nofollow">http://crexpertise.info/index.php?p=43&more=1&c=1&tb=1&pb=1#more43</a><br /> <br /> Garland M Baker.<br /> Dear Sir,

I do not believe in title insurance in Costa Rica. Theoretically, all the title insurance companies are illegal because Costa Rica has a governmentally owned insurance monopoly. More importantly, the contracts of title insurance are so restrictive in Costa Rica, I know no one ever receiving money on a claim. Title insurance is something popular in other countries and is sold here to people who just have to have it because of their beliefs coming from somewhere else. There are better and cheaper ways to protect your property in Costa Rica. Read post http://crexpertise.info/index.php?p=43&more=1&c=1&tb=1&pb=1#more43

Garland M Baker.

]]> By: Greg M http://crexpertise.info/checklist-stay-out-real-estate-trouble/comment-page-1/#comment-30 Greg M Tue, 04 Oct 2005 21:46:14 +0000 #comment-30 What is your opinion of Stewart Title. I am concidering using them when I purchase a condominium,<br /> Thank you<br /> Greg What is your opinion of Stewart Title. I am concidering using them when I purchase a condominium,
Thank you
Greg

]]> By: Garland Baker http://crexpertise.info/checklist-stay-out-real-estate-trouble/comment-page-1/#comment-29 Garland Baker Tue, 06 Sep 2005 03:19:05 +0000 #comment-29 Yes, it is located at:<br /> <br /> <a href="http://www.abogados.or.cr" rel="nofollow">http://www.abogados.or.cr</a><br /> <br /> If you are looking for an attorney Lic. Allan Garro is great, reliable and honest. He can be reached at crlaw@licgarro.com<br /> <br /> GMB Yes, it is located at:

http://www.abogados.or.cr

If you are looking for an attorney Lic. Allan Garro is great, reliable and honest. He can be reached at crlaw@licgarro.com

GMB

]]> By: Sheila Samalin http://crexpertise.info/checklist-stay-out-real-estate-trouble/comment-page-1/#comment-28 Sheila Samalin Mon, 05 Sep 2005 17:03:00 +0000 #comment-28 I read your article with great interest. Is there a Bar Association in Costa Rica that has a listing of attorneys and their background and specialties? <br /> <br /> <br /> I read your article with great interest. Is there a Bar Association in Costa Rica that has a listing of attorneys and their background and specialties?

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