About 3 years ago I made an inquiry on the internet, looking for an investment / relocating opportunity somewhere in Costa Rica. Shortly after I received a call from Mr.Mark Ott, who sold me a building site with "the most awe inspiring views" of the central pacific coast line and the town of Jaco, the Marriot, etc... I was asked to put a deposit into an Escrow Account in order to reserve said site till I get down there. I followed the steps, put money into Escrow with Stewart Title and finally about 60 days later I landed in San Jose CR. I was picked up at the office and put up in a very nice hotel in Escazu. The next day at around 5am Mr.Ott and I jumped into his white Dodge Ram pick up truck and shot down to Jaco. Besides that I feared for my life having Mr.Ott racing down these curvey, narrow mountain roads, getting to the ocean was a wonderful thing. We were having fresh fruits and coffee in the most beautiful Condo Hotel in Jaco, located on the south end of the town. From there we started climbing up an even narrower dirt road for about 30-40 min, which felt only like 5-10 min, due to his excessive driving! Now, beeing on top of this ridge called "Cerro Fresco" I felt I had found what I was looking for: The most overwhelming views over the Central Pacific, away from the City noise of Jaco yet within reach though. It wasnt exactly 5-10min. from town as I was told earlier by Mr.Ott, but I could have lived with that 40min. drive. I was shown beautiful Computer Renderings, Master Plans, R.O.I. scemes, Rental Income scemes,... and so on and so forth... ALL TO BE DELIVERED WITHIN 24 MONTH!!!
Bottomline:
Its been almost 3 years now and NOTHING has happened! Yes they have moved some dirt here and there, they even put up a concrete silo on one of the terraces but after all: I dont see any final building permits being obtained neither do I see any intempt of discussing an eventual arrangement regarding the breach of contract regarding the time line! Besides that I am getting constantly bombarded with phone calls from Hermosa Highlands, telling me I was in default on my installments!!! which is completely false because my contract is containing the clause in which further installments are depending on Title and construction!
So please, if anybody has a similar experience with this company..... Lets get our money back!!!
Monday, September 29, 2008
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