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I am wondering if anybody out there has experience with huge delays.
We have been waiting six months now for the property to be registered so that we can do the closing.
On top of it all the topographer seems to be impossible to get a hold of in order to get any updates. I fully trust the seller, as well as my real estate guy who is handling all of this as pert of the due diligence. However, I was wondering if there is anybody out there who may have some information on what might be happening, or what I might suggest to someone that they may not have thought of.
The property is being divided from the “finca madre” and is 7000m2.
As well, it happens to border a national park on one side. Because there is a property adjacent to it already with a home, I don’t see the park as the problem. Any thoughts would be a big help.There is a substantional time lag for registration.
Without geat detail, the topographer must draw the plane and submit it to INVU. If there are any problems with the way the plano is drawn, INVU will reject the drawing and the topographer must then re-draw and re-submit. If this is accepted, the plano is then placed in a que to be registered.
Your’s is not the only plano being registered. This is a bustling country with a vast number of planos being registered. I am waiting at nine months and no planos, yet, but very close.
Once the plano has been registered in the INVU, it must move to the next step of the registration phase, the Catastro Nacional.
Catastro Nacional is backed up, also.
You should be very close, if the plano has cleared INVU and is in the hands of the Catastro Nacional for their stamp of approval.
My topographer has been a real joy trying to get my answers, but I keep hearing, “Almost”.
Bill Maes
Thanks Bill, yea, the plano was through INVO in February,we were told it shouldn’t be more then 3 or 4 weeks more. That was almost 5 months ago. I guess I’m just worried that it somehow hit a snag, and that it is possibly just sitting there with no one aware of it.
I guess I’m wondering if there’s anyway to find indication that the waiting is all we can do, or if there is a way to determine if it is even still in the system.Have your lawyer check online through INVU to see if the property has passed into their system.
The finca was checked this way for me by use of the corporation name to see that it was being registered.
With this link you can read and receive a better understanding about the process:
http://www.infocostarica.com/retirement/legalupdate2.html
How are your Spanish skills??? national Registry is at:
http://www.registronacional.com/
Bill Maes
Edited on Jul 01, 2006 16:29
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