What is required to open an Escrow Account

Written by Michael Simons on . Posted in Buying and Selling Property in Costa Rica, Costa Rica Service Providers, Investing in Costa Rica, RE/MAX Tres Amigos

What is required to open an Escrow Account?

Upon acceptance of an offer, a secure escrow account is set up with a company that is registered with the banking authority of Costa Rica, known as SUGEF. They will act as a third party to insure that everyone is protected during the closing. Do not allow a law firm or a real estate company to accept or handle your money. ALWAYS ask for a separate, secured, registered Escrow Company to handle the funds.

Escrow Account

An escrow agent will contact you by email to start the process of opening the escrow. The agent will ask for a lot of personal information to insure your monies are coming from a legitimate source. Costa Rica is very adamant that they will not accept illicit funds and they abide by all International money laundering rules, regulations and laws.

They will require the following documents

Playa Hermosa School Back Pack Program 2018

Written by Michael Simons on . Posted in Costa Rica Living, EX PATS in Costa Rica, Newsletters, RE/MAX Tres Amigos

Tank Tops Flip Flops Newsletter edition no. 105 

Playa Hermosa School Back Pack Program 2018

It is that time of year again!  We are kicking off the annual Back Pack Program that benefits the children of Playa Hermosa by giving each student a brand new Back Pack filled with school supplies and essentials to get them off to a good start for the new year.  Last year we were able to give all 55 kids a brand new Back Pack filled with all the goodies they needed to start of the new school year properly.

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