Cuban-Americans are generally not interested in recovering homes where they once lived in Cuba, but for those who owned large commercial properties, such as hotels or sugar mills, recovering their assets is somewhat appetizing.
And now that President Barack Obama has announced a shift in Cuba policy earlier this week, there has been a renewed interest among those looking to recover confiscated holdings, according to Nicolas Gutierrez, a U.S. representative for “1898” — a Barcelona-based company dedicated to represent the original owners of confiscated properties in Cuba…
During the past 25 years, Gutierrez, who is well known in the Cuban community as an expert on confiscated properties, has helped about 500 Cuban exiles organize legal documents that identify them as the original owners of lands in Cuba.
He doesn’t think the new Cuba policy will help Cuban-Americans inch any closer to owning their former land or real estate. Gutierrez disagrees with Obama’s executive action but admitted, “we don’t know what will happen. It may open new opportunities.”
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