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Thursday, April 17 2014 @ 08:35 AM EDT

Juan Hombrón Lands Will Be Sold At Public Auction

Real Estate Las Tablas - Los Santos: The President of the Republic, Ricardo Martinelli, revealed on Tuesday, July 17 in Las Tablas, "Now that Juan Hombrón will be delivered (back to State ownership), they are going to auction it off, so that these funds can enter to the Panamanian state." Martinelli said it would be a public tender and he invited all those who said this land was worth millions of dollars to participate. He added with the goal of preventing people from taking advantage of these coastal lands, they have to change the way Rights of Possession are granted for beachfront properties. "We're going to have to do it (sell the land in Juan Hombron), so there is no doubt, or belief we are trying to benefit or help someone else," he said. He added - without elaborating - that they will have to modify this law "respecting the rights of possession, but before doing so, to give a title, there should be a pristine process." He did not specify whether he was referring to the law of the National Authority of Land Management (Anati).

Editor's Comment: Hoo Boy. Martinelli went up to Las Tablas to inaugurate a new road. While there he announced that these lands in Juan Hombron would be sold via public auction. Now ask yourself - who in their right mind would invest a few million dollars to buy this land, knowing there's a 100% chance that someone is immediately going to file some sort of a legal action, suit, or claim against it? You would have to be start raving MAD to buy that land, under practically any circumstances. Nuts. Loco. Smoking bat guano for lunch. With that having been said, I love this plan. More shoot from the hip crazy shit from the CD guys. It's always entertaining. Oh, and while we're at it, just toss in a couple of references to making some more changes to the way beachfront land is bought and sold. Because, you know, there's nothing international investors like more than Executive improvisation. Just make it up as you go along, that's the spirit...

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Juan Hombrón Lands Will Be Sold At Public Auction | 3 comments | Create New Account
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Juan Hombrón Lands Will Be Sold At Public Auction
Authored by: Anonymous on Tuesday, July 17 2012 @ 06:49 PM EDT

The real estate system here doesn’t work the way you say. If you’re interested in Juan Hombron, go check it in the Public Registry and whatever you don’t see there won’t affect you. Anyone could sue you to get at your property but if it was correctly recorded it’s a road to nowhere, no matter how long it lasts.

Juan Hombrón Lands Will Be Sold At Public Auction
Authored by: Anonymous on Wednesday, July 18 2012 @ 05:55 AM EDT

Brilliant plan president martinelli, good luck with the auction.

Juan Hombrón Lands Will Be Sold At Public Auction
Authored by: susangg on Wednesday, July 18 2012 @ 04:06 PM EDT

Here's the real scandal in all of this: While "officials" fell all over themselves issuing titles to phony but "connected" claimants trying to scam the government out of beachfront land in this case, over 200 applicants in the Bocas islands and nearby mainland have been waiting....and waiting...and waiting for the government to issue them titles under Law 80. These are mostly small property owners, both citizens and expats, who are not "connected" but who are legitimate holders of possessory rights and legitimately meet the requirements of the law governing titling of island and coastal land...people who have been living on, farming on, or running businesses on their ROP land for years. The government has simply refused to implement Law 80 for ordinary folks...and now we're hearing that the law "needs to be changed." No, it doesn't. It just has to be followed, meaning titles refused for people who are not legitimate applicants, and granted for those who are..no matter who their relatives and "sponsors" in the government are...or aren't. Now would be good.