Over a period of three years the reality of owning property in a southern destination like Panama has really opened my life up to travelling and enjoying time with family in the tropics. We visited several times over the period between owning the condo in 2009 until we were mysteriously locked out in Christmas 2011.
In July 2011 Keith reached out to me asking me for another loan of $50,000 CAD to which he would use to invest in another company, after my initial experience and now owning two properties I wasn’t interested in continued investments with Keith at this point. I refused to provide this loan and that’s when our relationship began to take a turn for the worse.
In Christmas 2011, I went down to Panama with Barb to spend our three week holiday basking in the sun and that’s when I contacted my second lawyer to validate that I indeed owned both half of this vacant lot, and half of the oceanfront condo. I hired Leonel Amet Olmos Torres from Corporacion De Asesores Juridicos to review the paperwork I received, along with checking in with land registry to confirm my ownership details.
After reviewing all of the details of the purchase at this point, I was starting to become concerned with the documentation. I started to learn that I was not even properly documented as half of an owner of the condo or the vacant land property and that Keith was 100% owner and president of the corporation (Propiedades Panamericanas) and that I was S.O.L. I quickly learned that the lawyer Gonzalo who handled our transaction was previous president and director of the condo and holding company prior to Keith taking over… now I’m pissed.