Buyer Beware

I received the following information from a local resident that is concerned that some unsuspecting person might be approached to buy some property that is currently under contention for ownership. In Panama, it is not all that unusual for properties to be sold and then the new owner finds that he/she has a legal problem..

Here is the Spanish notice.

Atencion: Las siguientes fincas se encuentran secuestradas, por lo que no pueden ser vendidas for persona alguna.

Fincas: 2301 – 8259 – 8260 – 807- 11565- 9118 ubicadas en San Vicente carretera hacia Volcan.
Finca 9038 ubicada en San Martin
Fincas: 31104 – 5974 – 5503 – 6354- 5842 – 41565 ubicadas in Cabecera, Distrito de Bugaba

Here is my rough translation.

Warning: The following properties are seized, it can not be sold for anyone.

Farms: 2301 – 8259 – 8260 – 807 – 11565 – 9118 located on road to San Vicente volcan.
Farm in San Martin 9038
Farms: 31104 – 5974 – 5503 – 6354 – 5842 – 41565 located in Cabecera, District Bugaba

4 thoughts on “Buyer Beware

  1. Don,
    This is really great and it will help the majority of foreigners that are wanting to buy land but don’t read, speak, or understand Spanish. It is too easy to buy properties with liens against them. If you don’t have any clue before you buy at a minimum It should be understood that the public registry isn’t immune from corruption and manipulation.

  2. Unfortunately, this is a known instance. I am sure there are more, but maybe it will make sure that people have attorneys look for clear titles.

Leave a Reply