Foreclosure Auction coming up on Escazu property

Press Release by Mortgage Broker

Upcoming Real Estate Foreclosure Auction of Escazu home by mortgage broker on the 14th of June 2012, contact us now for participation. This Costa Rica real estate auction will take place at 1600 hours in the Stewart Title building in Escazu.
Have you been waiting for your chance to purchase a Costa Rica property at a bargain price? This is your chance. Bottom feeders are welcome! This home was rented at a very good ROI and will be delivered in good working condition.
If you would like a member of our real estate team to represent you at this upcoming auction, just let us know.

The property

This two-story Escazu home is in a prime location only blocks away from Multiplaza in Escazu, in a very secure compound of 5 homes. No condominium fees.

 

This 4 bedroom / 4 bathroom home for sale offers large social areas and kitchen, plus a good size laundry area. Good sized garden and plenty of parking.

 

Property Size: 694.39 m2 (7,638 sq.ft.)
Construction Size: 470 m2 (5,170 sq.ft.)
The opening bid must start at US$265,101

Terms and conditions

Bidders must deposit 50% of the base price by certified check or direct deposit into the account of the Trustee, having a time limit of three working days from the date of the auction to deposit the remaining fifty percent and have to pay the corresponding title transfer cost.

 

Failure to pay on time, the auction will be declared groundless and fifty percent of the selling price previously delivered to the Trustee shall be retained as compensation for damages caused.
In the absence of bidders in the first auction, a second attempt will be made ten working days after the first and with a base price of 25% below the base of the first auction. In case of no bidders in the second attempt, and ten days after the second auction, there will be a third attempt with a base of 75% below the set as a base in the first auction.

    

At any time the auction can be suspended in case the borrower cancels the entire amounts due under the guaranteed loan and all fees, insurance and other costs incurred by this Trust.
If you are interested in any other Costa Rica real estate auction, make sure you subscribe to our weekly newsletter and you’ll be kept up to date.

Interested parties can contact us NOW for more information. Real Estate agents are welcome.