[Mr. T]

Its the same old story. Up front escrow money is not the problem. My wife and I and many others have made money in pre-construction projects here in CR and they will often require funds to be escrowed up front. This is not uncommon with seasoned real estate developers like Kirebe or Wellington or even the large hoteliers. Further, gated communities do offer advantages. The problem is that just like in Tampa, or Telluride, or Timbuktu, you have to do your due diligence. We looked at Costa Developers and they left too many of our questions unanswered, and our instincts proved correct. The moral of the story is Caveat Emptor, so do your homework.

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