Sept. 30, 2008
Don't know what folks will think of this, but we have taken what we think of as a major step. We got a call from a Tico friend late the week before last, to tell us that there was a piece of land for sale in the general area where we want to live, but we had to go see it first-hand. So, we just go thome late yesterday from a quick trip to CR. We flew down on Saturday, the 20th, went to look at the land (actually, two small lots, side by side) on Sunday, met with the seller that day, and then, on Monday, the 22nd, we met the seller at our lawyer's office, where we paid over most of the asking price in cash, and had all the legal documents drawn up. We also obtained an annotation that states that we will obtain our water and electric hook ups from connections on her land, and run them down to ours, a distance of about 100 meters, max. We do not have a CR corporation, and do not see any need for such, as yet. Our friend, who is also our contractor, had a back hoe on the property on Thursday of last week, and a building site has already been laid out. So, now all we have to do is come up with the means to build.......unfortunately, we had thought we could easily obtain a construction loan based on property ownership, but the banks told us that no mortgages are being made right now, in all of CR, and only personal loans are possible, but they are only for permanent residents or citizens, and they come with downright usurious interest rates (16.25%, on a ten year note).....so, who knows what will happen next, but we are going to try to go forward....
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