Real Estate Revolution

Cuba is a country in an island only 90 miles south of the United States, became a communist regime under totalitarian rule over fifty years ago. Expropriated personal, business , and Real Estate property from its citizens,foreign residents, and foreign countries like United Estates under absurd and unjustified pretenses and never paid a cent of its value to anyone.

Cuba’s refusal to compensate for expropriations from the Unites States and all other countries that had investments in Cuba forced the United States to impose an embargo on Cuba, as a result, all credits and trade agreements were suspended, all credits, deposits, and monetary accounts of Cuba in U S banks, were frozen. between the two countries.

Cuba had a preferential supplier quota of sugar to the US that had been earned by Cuba’s l support to the US during the war years when Cuba was ruled by democratic governments. Cuba’s preferential sugar cuota was taken away and given in parts to four other countries in Central and South Latin America.

Real Estate starts with land and its best and highest use. Since Cuba controls all property from raw land to improved Real Estate be it Industrial, Commercial, or public service facilities. The Cuban government owns everything, and manages every producing element that keeps the country operating.

Many Cuban exiled second and third generation attorneys and realtors have been able to bring out Cuban property registration records of land, buildings and prime Real Estate with the purpose of establishing claims to recover properties taken away from their original lawful owners by the now fifty year old communist government.

For years to come Cuban Real Estate will continue to be a property very difficult to determine who owns it since the Cuban government has leased it to foreign investors, hotels and light industries have been built on it and rights to use have been given to other countries, even enemy countries of the US. When a real need comes for a larger or smaller home the family head goes to the housing government office but there never is a vacancy, the country is behind housing needs by unknown thousands of units. by citizens.

For the next several years Cuba Real Estate will remain one of the worst investments anyone can make. For second homes, retirement homes , investments in resorts or any other Real Estate investment.

Real Estate in Cuba

Loss mitigation works to negotiate mortgage terms for the homeowner that will prevent foreclosure and allows the lender to take a lesser loss right now in order to avoid the much greater losses caused by such foreclosures.; As a foreclosure investing pro, you can use this knowledge to your advantage because you can work with a property before or after it goes to loss mitigation.

Foreclosure