Trust auction of a property in Bahía Ballena with a base price of 103,000 dollars

GTS Guaranty Trust Services S.R.L., in its capacity as trustee, will put up for auction a 739 m² property with a residential house in the district of Bahía Ballena, canton of Osa, with a base price of US$103,000 for the first auction. The call was published in La Gaceta No. 212 on November 9, 2026, in the Notices and Auctions section (p. 46), under official reference IN202601138272. The notice sets three dates: December 4, 2026, December 22, 2026, and January 8, 2027.

Context

The auction is executed by GTS Guaranty Trust Services S.R.L., corporate ID 3-102-735546, acting as trustee of the “Guaranty Trust Agreement KG Luxe Paradise Enterprises – GTS – 2023”, referred to in the notice simply as the Trust. The edict is signed by Juvenal Sánchez Zúñiga, manager of the trust company.

The mechanism used is the sale of trust assets through successive auctions, with staggered reductions of the base price, a common mechanism in Costa Rican guarantee trusts to liquidate the affected assets when the debtor defaults. In this case, the property is offered with a starting price in dollars, the currency in which the base for the first auction was set.

A plot of land with a residential house in Osa

The registry data of the asset being auctioned are as follows:

• Folio/Registration Number: 242010-000, from the party of Puntarenas.
• Nature: building land with a residential house.
• Location: district of Bahía Ballena, canton of Osa, province of Puntarenas.
• Area: 739.00 m², according to cadastral plan P-2234430-2020.
• Boundaries: north, public road; south, property 60504023021800; east, property 60504020150600; west, property 60504023021800.
• Annotations: none.
• Liens and encumbrances: reserves and restrictions under citations 322-04519-01-0901-001 and 322-04519-01-0904-001; reserves of the Water Law and Public Roads Law under citation 437-1439701-0098-001; and an easement of way under citation 2016-622954-01-0002-001.

Three dates and staggered reductions

All auctions will take place at 11:00 hours at the offices of Invicta Legal, located in San José, Escazú, 200 meters south of the entrance to the Multiplaza cinemas, EBC Centro Corporativo, 10th floor. The schedule and terms are:

• First auction: December 4, 2026, base price of US$103,000.
• Second auction: December 22, 2026, with a base equivalent to 75% of the first price.
• Third auction: January 8, 2027, with a base equivalent to 25% of the original price; at this stage, bidders must deposit the full amount offered.

For an offer to be valid, the bidder must deliver to the trustee a deposit of 15% of the base price via a cashier’s check from a Costa Rican bank or any other acceptable high-liquidity instrument, and designate a means for receiving notifications. As an exception, the Creditor may participate in any of the auctions without a prior deposit. A minimum interval of 10 business days must elapse between each call.

“As is” Adjudication and Order of Payments

The property will be auctioned and adjudicated in its current physical, legal, and material state, that is, under the “as is” modality, without the trustee assuming responsibility for its state or condition nor granting any warranty. Prior verification and due diligence are the sole responsibility of each bidder, and inquiries must be raised before the day of the auction, as the trustee will only provide the documentation available to them.

The successful bidder must pay all transfer expenses and fees, which will be formalized before the notary or notaries designated by the trustee; they will also assume the costs of any eventual taking of possession. If the best bidder does not pay the price within the following 3 business days, the auction will be declared null or void and the deposit will be applied in this order: expenses, current or default interest, and principal amortization, with the remainder delivered to the subsidiary beneficiary. Furthermore, if no offers are received, the creditor may adjudicate the assets for the base price of the respective auction, during the act itself or within the following 10 business days.

Closing

The publication opens a window of slightly more than three weeks for investors interested in the Osa real estate market to perform their due diligence and deposit the required 15% before December 4, 2026. For the trust’s creditors, the notice also specifies the adjudication rules and the order of priority with which any recovered sum will be distributed, key elements for estimating the effective recovery of the guaranteed credit.

Source: La Gaceta, No. 212, November 9, 2026, Notices and Auctions section, page 46 (official reference: IN202601138272).