Good day,
I’m writing this from Little Corn after a week or so on Corn Island. While there in my office I had a knock on the door from a lawyer and the conversation definitely raised my blood pressure. I answered the door and a gent informs me he is a lawyer and there is a land registration issue; that’s when your heart starts accelerating…
So it turns out there was an egregious registration error in Bluefields and somehow the entire seller’s land is in my name. The gent who recently bought a piece was doing the registration process when they hit a roadblock because the gent selling wasn’t registered as the owner. They said “Rigoberto Dubz” is the owner of this and not the gent selling then refused to register the land.
I had copies of my paperwork as I was there to take care of some final this and that so I gave him the copy to make more copies to prove that I had only in fact bought a small portion. I tell you this story as a reminder to all of us that at anytime a lawyer can walk in and give you a heart attack. It doesn’t have to be land related or even a lawyer at all if you’re following along.
The best part of this story is that the piece of land being registered is something that I was entertaining the idea of purchasing but technically already had in my name. It also happens to be the first piece I ever looked at and adjacent to mine; no regrets but it would have been cool to have picked that up as well. Like any investment, when the tide rises with all the ships you wish you had more, yes?
This was one of those “We’re not in Kansas anymore…” moments.
I got a crash course on construction today, it’s pretty simple without all the codes.
Tips hat,
P.S Flying to New York City on Monday, more on that later…
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So, for a short while, you were the Ben Cartwright of Little Corn…. too bad you didn’t know, so you could have enjoyed it a bit. Dubz, this will be a fun follow, to see how your plantation comes together.
Indeed and just ordered first chunk of materials; should be here when I return from NYC.
In the future, that lawyer’s errand and the registrar’s job will not be be necessary. (Or as I think the Brits say, their jobs will be redundant.)
Real estate records will be maintained on a blockchain like bitcoin.
Congrats on being a landowner!
Indeed and it feels good.
crazy! I’ve run into too many weird things like that in life, once my own attorney flubbed up in a way that haunted me years later. Amazingly and incredibly, stressful stuff.
Indeed, can’t imagine if I was on the flip side of this deal.
Dubz
How much does real estate go for down there?
It all depends really like with most things.
You can buy an acre on the hill with no real road access, potentially a decent view and no access to water or hydro for ~$90,000US.
On the other hand, a friend is selling a 1/4 acre lot for $42,000US. It has great road access, view if you build in the right spot, access to both water and hydro as well as part of a growing neighbourhood.
The majority of the island is untouched.