BajaNomad

Another land fiasco in Rosarito

tsgarcia69 - 8-16-2008 at 08:35 PM

http://www.bbstf.org/content/view/21/30/lang,en/

and

http://terrazasdelmar.net/default.aspx

and

http://ecosderosarito.com/history/376/1_5824.html

Title insurance sure would have avoided all that.

gnukid - 8-16-2008 at 08:44 PM

I am unfamiliar with title insurance for mexican properties? Can anyone please shed light on the title insurance there and does it really help property owners after the sale? Years later? How?

palmeto99 - 8-16-2008 at 08:58 PM

Quote:
Originally posted by gnukid
I am unfamiliar with title insurance for mexican properties? Can anyone please shed light on the title insurance there and does it really help property owners after the sale? Years later? How?




Title insurance is available in Mexico and has been available from several years now . Although some of the companies providing these services may look similar to most of us as american companies, they are american in name only .
After reading the fine print on the insurance provisions of your contract, You will find out very quickly that these companies will only pay out in very limited cases.
Having your property qualify for a policy is still a great way of making sure your property paper trail or pedigree is sound because they inspect the paper trail for you .:cool:

palmeto99 - 8-16-2008 at 09:19 PM

Quote:
Originally posted by soulpatch
Or, how about this.......don't spend or invest more than you can stand to lose in a country with such a f-cked up government...... kind of my approach. And I have a landlord that I would trust with my family's lives.... but he ain't the government and they could f--k him just as well.

Quote:
Originally posted by tsgarcia69
http://www.bbstf.org/content/view/21/30/lang,en/

and

http://terrazasdelmar.net/default.aspx

and

http://ecosderosarito.com/history/376/1_5824.html

Title insurance sure would have avoided all that.








It would seem based on recent happenings that your observations are way true.
The times are a changing in Baja.:cool:

Bruce R Leech - 8-16-2008 at 09:25 PM

Read the fine print in your title insurance policy. it wont help you a bit in Mexico.

fishbuck - 8-17-2008 at 08:51 AM

If you invest money in Baja with the attitude that you can afford to lose it if things go wrong then you probably will lose it.
The number one important thing is the same as the states. It's called due diligence.
Before investing know what you are doing and what is required to invest safely in Mexico.
A throrough title search is essential. An attorney and a notario are essential. A certified translator if you don't speak spanish is essential.
Do your research thoroughly. Don't take foolish chances. Don't trust anyone. Use legal documents that are enforceable through the mexican court system if necessary. But if you do it right it is unlikely that will ever happen. Be careful and be smart.
And don't be afraid. Just cautious.



[Edited on 8-17-2008 by fishbuck]

Packoderm - 8-17-2008 at 09:54 AM

Maybe it would be better to just not buy in the prohibited zone? Is there such areas in Baja that is 100 kilometers from the border and 50 kilometers from the coast? Maybe it's better to just give up on the beach and get a ranch instead, or will they try to screw you out of that as well?

CaboRon - 8-17-2008 at 10:15 AM

Quote:
Originally posted by Packoderm
Maybe it would be better to just not buy in the prohibited zone? Is there such areas in Baja that is 100 kilometers from the border and 50 kilometers from the coast? Maybe it's better to just give up on the beach and get a ranch instead, or will they try to screw you out of that as well?


Those apply to the mainland ....

The the whole of Baja California and Baja California Sur are in the exclusion zone .

You will have to find a ranchero on the mainland that is 50 klicks from the coast.

CaboRon

palmeto99 - 8-17-2008 at 10:23 AM

Cabo Ron is correct in that all of Baja falls into the forbidden zone so to speak. I have friends on the mainland that are inland and own their property outright with no problem. There also seems to be a lot less resentment among the local people about the americans buying property there. The people of Baja have a history of not accepting people from the mainland of Mexico buying the land and not just the americans.

[Edited on 8-17-2008 by palmeto99]