Estimated Reading Time: 7 Minutes What is Costa Rica escrow, and why should you use escrow for a real estate closing? Is it really necessary? The Costa Rican authorities don’t want you to purchase a property with a wheelbarrow full of money. For many years, cash purchases happened all the time. Worldwide, authorities want more…
Estimated Reading Time: 4 Minutes Did you know that Law 8204 can freeze your property sale proceeds if you cannot show the origin of the funds? The sale proceeds are the funds received by a recipient from the sale. You might think, “What do I care where the buyer got the money.” But, unfortunately, you…
Estimated Reading Time: 7 Minutes Not very often buyers ask if they lose earnest money in escrow if they will not close on time. Most of the time, they have an agreement to back it up. You don’t want to lose part of your nest egg because you made the wrong decision. It’s horrible to…