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Purchasing Costa Rica properties in foreclosure can save 30% to 40%Although sales of Costa Rica properties have seen a significant uptick since 2013, the economic downturn caused the number of foreclosure properties in Costa Rica to skyrocket.
With record numbers of foreclosures now (literally in the tens of thousands) on the Costa Rica real estate market in recent years, opportunity focused investors are looking at this market segment. Before you enter Costa Rica’s foreclosed property market several factors need to be considered, such as your financial situation, your experience in Costa Rica’s real estate market and whether you have access to professionals with experience buying foreclosed Costa Rica properties. The timeline is purchasing a foreclosed property in Costa Rica may take from three months up to eight months.
Properties in foreclosure in Costa Rica are either handled directly through the bank or through a bidding process.

Most real estate agents have little to no experience in this area, but working with a foreclosure consultant with experience is critical. Advanced REO properties search by home address, REO # and MLS #, property type and status, price range and realtor name.
But buying a foreclosed home in the best regulated markets is fraught with process hurdles – Costa Rica is no exception. There are many issues that your foreclosure agent will have experience, for example, how to identify, vet and properly evaluate a properties or what do you do after you purchase a foreclosed property and the tenants have to be evicted – not an easy or pleasant process.
For more information on purchasing Costa Rica properties in foreclosure contact San Ramon Properties and talk with one of Foreclosure Agents.

We can help you in English or Spanish with real estate, rentals, travel, transfers, and concierge services, for San Ramon or anywhere else in Costa Rica. View all required contact information like name, phone and email, realty firm name and address. San Pedro Street Unit205, Los Angeles, CA 90015 is currently for sale and has Active status.

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