BajaNomad
Not logged in [Login - Register]
Go To Bottom

Printable Version  
Author: Subject: Which banks do you love or hate for fideicomisos?
bajagirl2b
Newbie





Posts: 2
Registered: 9-11-2016
Member Is Offline


[*] posted on 9-11-2016 at 09:44 PM
Which banks do you love or hate for fideicomisos?


Hi everyone. I'm looking for reviews on banks regarding fideicomisos.

Ideally, I'd like to deal with a bank that has a location in San Jose del Cabo, has good online services for annual payments, and has good customer service.

Any thoughts on where to go or where to avoid?

Thanks!
View user's profile
bajagrouper
Senior Nomad
***




Posts: 897
Registered: 8-28-2003
Location: Rincon de Guayabitos, Nayarit, Mexico
Member Is Offline

Mood: happy and retired

[*] posted on 9-12-2016 at 02:07 AM


I do not remember having a choice in the matter, I believe the notario handeled all the paperwork from the foreign affairs dept. to the end of the transaction...



I hear the whales song
View user's profile
BigWooo
Senior Nomad
***


Avatar


Posts: 545
Registered: 1-2-2007
Member Is Offline


[*] posted on 9-12-2016 at 06:01 AM


We have a fideicomiso with Banorte and another with Scotiabank. Banorte is a nightmare, Scotiabank is very organized and has always easy to deal with. Yes you do have a choice. If the Notary won't work with the bank you want, find another notary who will.

[Edited on 9-12-2016 by BigWooo]
View user's profile
LaTijereta
Super Nomad
****


Avatar


Posts: 1167
Registered: 8-27-2003
Location: South "Oside" y Loreto
Member Is Offline


[*] posted on 9-12-2016 at 07:13 AM


Banorte's has gotten their act together with the annual renewal process at their relocated TJ office. They also have a new office down in San Jose, but I have not dealt with them. When in the TJ office this year, Mirsa confirmed that Banorte was not issuing any new Fidios on properties, along with other banks in Mexico wanting to get out of the process.



Democracy is like two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote.

Ben Franklin (1759)
View user's profile
bajaguy
Select Nomad
*******




Posts: 8752
Registered: 9-16-2003
Location: Carson City, NV/Ensenada - Baja Country Club
Member Is Offline

Mood: must be 5 O'clock somewhere in Baja

[*] posted on 9-12-2016 at 07:36 AM


Maybe the banks are doing this as a way to force the government to allow titles being issued instead of Fidios???


Quote: Originally posted by LaTijereta  
Mirsa confirmed that Banorte was not issuing any new Fidios on properties, along with other banks in Mexico wanting to get out of the process.
View user's profile
mtnpop
Nomad
**




Posts: 487
Registered: 9-8-2009
Location: Colorado/mulege
Member Is Offline


[*] posted on 9-12-2016 at 07:37 AM


We have a big time dislike for Interacciones in LaPaz... just an office not a bank per se...
Many friends have Bancomer and seem happy with them...
Have been told you can request the Notario negotiate with the bank you want to go with... also once was told you could negotiate the fee..
Have neighbors with a lower fee than we do for the same size property when we questioned the bank they said he negotiated a better rate..
Probably also depends on who you use to help facilitate the Fidei.
Recently told that a facilitator was quoting $12K USD to get a Fideicomiso processed... Sounds like someone is trying to stick it to the ole gringo....
Seems most everyone has a different story to tell..




Common sense is a flower that doesn\'t grow in everyone\'s garden.....

A wise man once spoke nothing.....

Never kick a cow chip on a hot day!!
View user's profile
bajagirl2b
Newbie





Posts: 2
Registered: 9-11-2016
Member Is Offline


[*] posted on 9-12-2016 at 09:25 AM


Thanks everyone! Ok, so far, I've gotten the following feedback:

- Scotiabank - thumbs up
- Bancomer - good
- Banorte - mixed
- Interacciones - terrible

Any other comments?
View user's profile
larryC
Super Nomad
****




Posts: 1224
Registered: 8-11-2008
Location: BoLA
Member Is Offline


[*] posted on 9-12-2016 at 10:05 AM


Its not really a love/hate relationship, more like a necessary evil to own property in Baja. I have Bancomer and they are charging me $550 plus IVA tax annually. At least they have an address in the US that the annual fee can be mailed to so that if I am not near a Bancomer bank at the first of the year then I can mail in the payment.



Off grid, 12-190watt evergreen solar panels on solar trackers, 2-2812 stacked Outback inverters, 6-2v enersys 125-33 2000 amp hour AGM batteries, FM 80 and MX 60 Outback charge controllers, X-240 Outback transformer for 220v from inverter, 6500 watt Kubota diesel generator.
View user's profile
JC43
Nomad
**




Posts: 225
Registered: 6-21-2014
Member Is Offline


[*] posted on 9-12-2016 at 10:43 AM


As sayd before: it is not a love or hate issue. An TX expression: chit happens and happens everywhere. Her in CSL we had a Bancomer officer who issued Fideicomiso - all papers looking good - but `forgot´ to send the money to the main office. Well, not a coincident, it happens w/ plenty applications. Only w( Bancomer??? That can happen with every bank. That`s why Mexico is Mexico.
View user's profile
BajaUtah
Nomad
**




Posts: 135
Registered: 10-4-2013
Location: Salt Lake City/La Ribera
Member Is Offline


[*] posted on 9-13-2016 at 11:30 AM


Another thumbs up for Scotiabank. Ours is with the SJD branch. The setup was easy but mainly because we had a local friend walk us through the process.

They email me reminders when it's time to renew and have 4 or 5 payment options. I just mail a check to a US PO box and I'm done.




Andy
View user's profile
Beagle
Nomad
**




Posts: 145
Registered: 10-25-2014
Member Is Offline


[*] posted on 9-13-2016 at 02:18 PM


Quote: Originally posted by bajagirl2b  
Thanks everyone! Ok, so far, I've gotten the following feedback:

- Scotiabank - thumbs up
- Bancomer - good
- Banorte - mixed
- Interacciones - terrible

Any other comments?


Bajagirl, Do some more research before relying on this chart above. I got interested in your question because we just did our Fido. I just did a search across the nomad site in different sections (General, Q&A, etc.) and what I found was Bancomer showed up in nightmare category over and over and Interacciones actually had really high marks. Not to doubt what people are saying here but cast your net a little wider. I'm glad you asked the question because it got me into some research. Good luck!
View user's profile
Phil C
Senior Nomad
***




Posts: 507
Registered: 3-27-2004
Location: N. San Diego County/Loreto
Member Is Offline


[*] posted on 9-13-2016 at 03:29 PM


Scotiabank in SJC has been very easy for us to work with over the past ten years.......Able to pay our fees online with a credit card, and always good communication.
View user's profile

  Go To Top


For high speed satellite internet in Baja call +1.6197170810 - or click here to email sistemassatelitales@hotmail.com



Tijuana Walking Tours - on Meetup.com


 






All Content Copyright © 1997- Q87 International; All Rights Reserved.
Powered by XMB; XMB Forum Software © 2001-2014 The XMB Group 






"If it were lush and rich, one could understand the pull, but it is fierce and hostile and sullen. The stone mountains pile up to the sky and there is little fresh water. But we know we must go back if we live, and we don't know why." - Steinbeck, Log from the Sea of Cortez

 

"People don't care how much you know, until they know how much you care." - Ivan R. Misner, Ph.D

 

"You can easily judge the character of others by how they treat those who they think can do nothing for them or to them." - Malcolm Forbes

 

"Let others lead small lives, but not you. Let others argue over small things, but not you. Let others cry over small hurts, but not you. Let others leave their future in someone else's hands, but not you." - Jim Rohn







Thank you to Baja Bound Mexico Insurance Services for your long-term support of the BajaNomad.com Forums site.







Emergency Baja Contacts Include:

Desert Hawks; El Rosario-based ambulance transport; Emergency #: (616) 103-0262