Costa Rica Foreclosures
Foreclosure Listings and Constulting Services

Buying Costa Rica Foreclosures can be an extremely profitable investment, but it can also be a tricky business full of loop holes and convoluted red tape. The foreclosure market in Costa Rica is red hot, but buyer beware, a small complication in legal issues can hold-up a foreclosure property in the Costa Rican courts for years.

Costa Rica Foreclosure Listings Get the free list! Simply email: jennifer@costaricarealestatepages.com with "Foreclosure List Please!" in the subject line.

Here at CostaRicaRealEstatePages.com we bring you 3 years of experience investing in Costa Rica Foreclosure properties. From researching title documents to winning the bid, our consulting services will minimize your risk and facilitate a smooth purchase.

HOT! POTRERO FORECLOSURE Beach Property 4,989 sq.meters $57,000

HOT! FLAMINGO FORECLOSURE Beach House 0.83 acres $460,000

HOT! SANTA ANA FORECLOSURE Luxury Home 359 sq.meters $200,000

Contact Us:
For more information about buying Costa Rica Foreclosures and the consulting services we offer, or to receive a free copy of the most recent list of Cost Rica foreclosures, please contact:

Jennifer Cross
Jennifer@CostaRicaRealEstatePages.com
Costa Rica: (506) 8357-9958
California: (213) 674-8511
England: 020-8144-5383

Analyzing a Foreclosure for ROI
The list of Costa Rica foreclosures offered by CostaRicaRealEstatePages.com includes foreclosure properties which have made the first cut in our selection process. Before bidding on a foreclosure property there is a great deal of research to be done, and this is one of the services we offer here in Costa Rica as this is quite cumbersome.

The title documents of the foreclosure property must be interpreted, and any encumbrances analyzed for risk. The property plans must be compared to the physical property and analyzed for inconsistencies. Then if all looks good, the market value of the foreclosure property must be determined to calculate potential ROI.

Once you have found a property you are interested in, you will need to deposit around 30% (this percentage varies) of the base auction price into a government escrow account in order to participate in the auction. If you win the bid, you will need to deposit the remainder of the payment within 3 days in order to obtain ownership rights to the foreclosure property.

Be Ready
From start to finish this is a fast paced deal, so you need to be ready to act when the opportunity comes along. In Costa Rica the property foreclosures are announced nationally about a month before the auction date. This small window of opportunity doesn’t leave much time for arranging legal documents and transferring funds, so it is important to be ready to act when a good deal comes along.

It is highly recommended that you set up a corporation in Costa Rica under which to buy the foreclosure property. This allows you limited liability, and provides an in-Country entity under which to manage all your legal and accounting needs. As a perk, you can also write off all your Costa Rica travel expenses while you are in the country. We can help with the process of setting up your corporation, and usually have it complete within 3 weeks.

For more information, or to request a free list of current foreclosure properties in Costa Rica, please contact:

Jennifer Cross
Jennifer@CostaRicaRealEstatePages.com
Costa Rica: (506) 8357-9958
California: (213) 674-8511
England: 020-8144-5383