[aenaze1]

we have done quite a bit of preconstruction RE in palm beach and have a fully permitted project in CR. with condos obviously you cant close because the building is not there or done. with land its there but for the most part why would anyone want to close until infrastructure was delivered? We commenced construction a little over 3 months ago and we believe that home construction will commence by end of 1st Q 2008 but havent delivered title yet because our clients know the benefit of the free money (24 months no terms or interest). some good questions to ask pop up here all the time but try these. Where is your water source? What kind of power do you have to the site (single phase, three phase, distance from generation)? What have you done as developers to give back to your local community? What is your relationship with the local government ( mayor, police etc)? do any Costa Ricans own in your project? Checking Folio#s wont help. Most catastros arent submitted until closing to avoid tranfer fees. Knowing that the subdivision is fully permitted is the best hedge.

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