Coral Beach Not for me.
Hello everyone.
I WAS PERSONALLY in Brazil last week to look at several plots which I had reserved in Coral Beach and I feel I write to leave information of my experience.
I was shown the land of Coral Beach and it looked good. Although it was a very fast visit I had no chance to look at the surrounding areas. I had been given a 22 page Due Diligence pack but it was all in Portuguese, so I had no idea what it said which I thought was strange. I was introduced to a Solicitor, Rui Ferias who I found out not only acted for the original owner of the land but also the developer! I was expected to use this Solicitor, the same Solicitor for all 3 of us? This is a very dangerous way to do things. How can he act as my independent legal representative as he works for the Developer and the registered land owner. A Conflict of interest surely. I also goggled his name and saw a interesting report of an American bloke who was not happy with him either.
So I then got independent advice from my own solicitor who reported back on the due diligence and he informed me it was incomplete and really didn’t offer any security. On instructions from my new independent Solicitor I asked does this project have a Environmental Semace license I was told "NO." This apparently was "arriving any day" but i had the impression of being told anything to get me off the sent.
I did not buy from Venturis International and I have asked for a full refund, I will post the outcome as and when I get the refund. My advise, get your own Solicitor, ask a lot of questions, and go and see the surrounding area independently. I ended up buying in Cumbuco so it was not a waste of time after all.
Good luck.
I am new to this forum, and hope it can be of assistance to myself and others like myself.
I am interested in purchasing a plot of land in the Coral Beach Resort, about 45 minutes drive north of the city of Fortaleza.
I am paying 39.89 USD per m2, and am confident that in comparrison to other overseas agents this is a competitive price. Also, the company selling it came recommended by a friend, well actually an agent that I have used before in London.
Can anybody who has purchased here give me some advice as to what to look out for and how I should handle the process on this case. I need a power of attorney certified by my local notaire then sent to brazil, apparently this will also assist in transferring funds through the escrow like system they have there, which i presume is to prevent money laundering.
Is 28 days realistic to complete? Although I have been given 6 weeks, I want to make sure this is realistic before I place a deposit.
thank you for whoever takes the time to help me, and I wish you all the best![/QUOTE]
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