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Santo Domingo. - A judge authorized the construction company Deconalva, which built the luxury condo building Atiemar owned by the Spaniard Arturo del Tiempo, to register a lien against its 34 apartments.
Del Tiempo is being held in Spain charged with smuggling 1,213 kilos of cocaine.
The company benefited by the ruling handed down by National District 3rd Civil and Commercial Chamber judge Yokaurys Morales Castillo, registered the lien on all the tower’s apartments last Friday because they are still under the name of Universal Prado Corporation, headed by del Tiempo.
The measure also reveals that none of Atiemar’s alleged buyers has made the title transfer on the property, now under the Judicial Management of the State-owned bank Reservas.
The judge’s ruling stems from a 3.7 million dollar debt claimed by Deconalva from the Universal Prado Corporation.
Del Tiempo was arrested in Spain charged with trafficking the cocaine seized in the port of Valencia aboard a ship which came from the Dominican Republic, whose authorities have seized several of his properties, among them Atiemar, located in the upscale sector La Esperilla.
Deconalva’s lien registry proves that none of the apartments’ 16 alleged owners had managed to transfer the deed of property to their name so far.
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Was the rest of the construction, labor and material paid for in cash? Nobody thought to ask?
I'll buy that guy's lien, and stay with the property.
Questions are:
1. 16 alleged owners not transfer the title, meaning they are not even pay the money yet, if they paid the money in normal transaction way, they would have to register the title immediately.
2. If they did not pay and yet still lives there, meaning they know in DR, they can take advantage of the judicial system for years......
3. the default payment is $3.7 million dollars, but the judge allows the lien against every apartment which are 34 apartments, and each apartment is more than 1 million dollar, so, 3.7 millions exchange 34 million dollars, only in DR, the judge and judicial system allows this happen., --- robbery apparently yet in no sense way........, a lot of attorneys say this is the quick way to make fortune in DR.....
4. the father of ex police chief, Mr. Rafael, is one of the apartment owner in this building, did he pay? or he get this apartment as a gift? or get it as a big discount?.....