BondTrader wrote:
Quote:
Looking for any information on Wellington Asset Management. They have developed property in the Jaco area.
I have asked the exact same questions several years ago and just about every reply I received back suggested this is a scam outfit NOT to be trusted. BEWARE!!!
They are known for selling untitled lots. They have the land subdivided, it is professionally blueprinted (or whatever you call it), but they haven't legally divided the land. Since they've not legally divided the land, they can sell the lot to many people during preconstruction sales while they claim that the infrastructure is going to be installed. They purposely delay infrastructure, make a lot of excuses all the while selling lots and then as people start to complain, the whole operation folds and leaves town. Imagine how much money you can make selling the same lot to 20 people.
This is the typical scam in CR as well other countries.
Get yourself a lawyer, get 2 lawyers and be sure you are getting a legal lot that is titled at purchase time. Get very involved and don't be afraid to show that you don't trust anyone right from the beginning.