Be Careful When Buying Property Here

January 4, 2008

Dear Nica Times:

We have been on an adventure with our investment property in Nicaragua.

After purchasing the property, we discovered we did not have correct documentation.

Through a long and costly ordeal we were able to obtain a clear title. The property is an eight and a half-acre parcel on the west coast of Nicaragua, with 520 feet of beachfront in a fishing village called El Astillero. Since then we have come to know the people in the village.

El Astillero is a village with 1,800 people in the Tola district.We donated a corner of our property to a missionary couple with a call to that country who built a home there.

I was beginning to market most of the property as we had planned to keep some beachfront footage to build a second home.

The investment was a joint venture with our 23-year-old son John.We were beginning to get excited about the possibilities.

In April one day before my wife, Cindy, arrived in Nicaragua with her friend and interpreter, a group of people, including a judge, came to the house and evicted our friends and have taken possession of the home.

Since then, the judge has been removed and has been replaced with a supervisory judge who is sympathetic to our cause.

This area is commonly known as “The Ring of Fire” because of the demand for beachfront developments along with the associated corruption.

As it turns out, a man by the name of Arnoldo Alemán, an attorney and former president of Nicaragua, has allegedly manipulated a way to gain possession of the property.

Mr. Alemán was convicted and sentenced to 20 years in prison for extorting over $100 million in foreign aid while he was president.

Alemán has also forged a power-sharing pact with current President Daniel Ortega, facilitating his rise to power. One organization ranks Alemán as the ninth most corrupt man in the world.

We are not about to give up on this property, as we feel we are supposed to live there and be involved in the community, which we are.

Many have stayed with us over this time; our attorney in Nicaragua has been encouraging and trustworthy. Our friend has given us countless hours of interpretation.

We do feel it is time to make this act of thievery and the court’s inability to make a quick and correct decision a public issue.

Steve Spinnett

Damascus, Oregon, USA

 

Facebook Comments

You may be interested

Costa Rica approves law against child abuse prepared by alleged victims of priest
Costa Rica
1 views
Costa Rica
1 views

Costa Rica approves law against child abuse prepared by alleged victims of priest

AFP and The Tico Times - April 24, 2019

Costa Rica’s congress approved on Tuesday a bill that extends the statute of limitations for the crime of sexual abuse…

International drug rehab in Costa Rica with the Costa Rica Treatment Center
Sponsored content
8 views
Sponsored content
8 views

International drug rehab in Costa Rica with the Costa Rica Treatment Center

The Tico Times - April 24, 2019

Costa Rica Treatment Center understands the process of addiction recovery from personal experience. Their evidence-based treatment programs are engineered to…

Costa Rica meets with Inter-American Commission on Human Rights to discuss Nicaragua, Venezuela, indigenous rights
Costa Rica
11 views
Costa Rica
11 views

Costa Rica meets with Inter-American Commission on Human Rights to discuss Nicaragua, Venezuela, indigenous rights

Alejandro Zúñiga - April 23, 2019

Costa Rica’s Minister of Foreign Affairs, Manuel Ventura Robles, met with the Inter-American Commission on Human Rights (IACHR) this week…

Do NOT follow this link or you will be banned from the site!