Comments on: New Mortgage Option for Foreigners in Costa Rica http://www.costaricapages.com/blog/business/mortgage-for-foreigners/1113 Costa Rica News - stories about living, retirement, travel and real estate. Wed, 16 Dec 2009 22:17:11 -0500 http://wordpress.org/?v=abc hourly 1 By: Claire Saylor http://www.costaricapages.com/blog/business/mortgage-for-foreigners/1113/comment-page-1#comment-2697 Claire Saylor Thu, 18 Sep 2008 16:53:21 +0000 http://www.costaricapages.com/blog/?p=1113#comment-2697 Unfortunately this prediction rang true this Monday when they declared bankruptcy! Unfortunately this prediction rang true this Monday when they declared bankruptcy!

]]> By: Cobblestone http://www.costaricapages.com/blog/business/mortgage-for-foreigners/1113/comment-page-1#comment-2573 Cobblestone Thu, 10 Jul 2008 19:14:50 +0000 http://www.costaricapages.com/blog/?p=1113#comment-2573 Although normally I would look at this as great news, the story is not complete. Lehman is having a significant amount of problems from its U.S. real estate investments that will most likely put it out of business or best case, like Bear Stearns, be forced to merge with another financial firm that may or may not have the same level of interest in Costa Rica. Also, who are they going to make mortgages to? My sources in Costa Rica tell me the market has all but died. Although normally I would look at this as great news, the story is not complete. Lehman is having a significant amount of problems from its U.S. real estate investments that will most likely put it out of business or best case, like Bear Stearns, be forced to merge with another financial firm that may or may not have the same level of interest in Costa Rica.

Also, who are they going to make mortgages to? My sources in Costa Rica tell me the market has all but died.

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