A few months back someone mentioned on here that there was action being taken by the Mexican congress to render the Fideocamiso obsolete... Has anyone
been tracking this action and if so what is the status.... where can I get something in English on this action?? I would like to buy a place but the
additional cost for the Fideocamiso just annoys me.... and the annual fee!!!!oldlady - 12-13-2009 at 11:19 AM
I'm sure someon is tracking it. I can only guarantee you that if it were to happen, this server would go down with all these guys racing to post it
first. They'd even use bold type and caps.toneart - 12-13-2009 at 11:20 AM
Well, I just got my annual bill for renewal.DENNIS - 12-13-2009 at 11:21 AM
If the "rumor" was removed from Mexico, the place wouldn't exist. It's worse than the Army.Santiago - 12-13-2009 at 11:26 AM
Quote:
Originally posted by oldlady
I'm sure someone is tracking it. I can only guarantee you that if it were to happen, this server would go down with all these guys racing to post it
first. They'd even use bold type and caps.
Recently you've been making observations that are clearly tautological to me; one of us should be worried.DENNIS - 12-13-2009 at 11:33 AM
Quote:
Originally posted by Santiago
tautological
Even the dictionary didn't help with this one:
----------
tau⋅tol⋅o⋅gy /tɔˈtɒlədʒi/ Show Spelled Pronunciation [taw-tol-uh-jee] Show IPA
Use tautological in a Sentence
See web results for tautological
See images of tautological
–noun, plural -gies. 1. needless repetition of an idea, esp. in words other than those of the immediate context, without imparting additional force or
clearness, as in “widow woman.”
2. an instance of such repetition.
3. Logic. a. a compound propositional form all of whose instances are true, as “A or not A.”
b. an instance of such a form, as “This candidate will win or will not win.”Santiago - 12-13-2009 at 11:37 AM
Tautology - In propositional logic, a tautology is a word formula that is true. Maybe the only word I remember from Symbolic Logic 101 other than
Modus Ponens
[Edited on 12-13-2009 by Santiago]oldlady - 12-13-2009 at 11:38 AM
Don''t worry, Santiago. I'm a Gemini and my evil twin is on holiday.toneart - 12-13-2009 at 11:46 AM
Quote:
Originally posted by oldlady
Don''t worry, Santiago. I'm a Gemini and my evil twin is on holiday.
MitchMan - 12-13-2009 at 12:22 PM
What's a word formula?surebought - 12-13-2009 at 12:36 PM
I was recently told by a Notario that even though I finished with Mexican Immigration(Secretary of Gobernacion), if I wanted to own Real Property in
my own name in the forbidden zone, then I would have start all over again with the (Secretary of Relations Exteriors) and apply for Naturalization. I
don't care about it that much to be honest. I will be posting a few things this week about Fiedicamisos(is that how they spell it?), so stay tuned.
My feeling is that they are not going to change it. The reason being that it gives free money to the struggling Banks. And, even if they did change
it, it would only benefit new buyers, unless the current beneficiaries want to pay again for another title transfer into their own name. About 10%
plus a Trust cancelation fee. Something to think about.DianaT - 12-13-2009 at 12:41 PM
Quote:
Originally posted by oldlady
Don''t worry, Santiago. I'm a Gemini and my evil twin is on holiday.
Would like to steal that one, but I am not a Gemini----but I to have conversations
with other people living in my head---so maybe that would qualify?
Just got our renewal notice---it sure comes early as ours is not due until July. Would be nice if that law passed.oladulce - 12-13-2009 at 01:17 PM
Quote:
Originally posted by surebought
.. And, even if they did change it, it would only benefit new buyers, unless the current beneficiaries want to pay again for another title transfer
into their own name. About 10% plus a Trust cancelation fee.
I'll share the story of our recent discovery of our incorrect property boundary co-ordinates (I mean WAY off) in the near future, but in the mean time
I 'll add that I couldn't run fast enough to the front of the line to PAY to be rid of our 2 fidei's.
Here's examples of the times we've had to obtain power of attorney's and PAY for the fidei bank's blessings:
1. To apply for a federal zone concession
2. Permission for engineer #1 to start an impact study (which he did not complete)
3. Permission for engineer #2 to start an impact study (in progress)
4. To obtain a POA for an attorney to represent us and contact PROFEPA to confess that we started building w/o an EIS (due to #2 above).
5. Another POA for the inginiero who is trying to iron out the property line mess.
There are other occasions that we've had to obtain the bank's blessing ($$$) before proceeding which I'll have to share with you at a later date
(when/if the case ever closes). Each time you notify the bank and need a document or signature in order to proceed with your project, they charge you
$350-700 dollars depending on the terms of your fidei.
[Edited on 12-14-2009 by oladulce]Bajahowodd - 12-13-2009 at 01:18 PM
While I can understand that the banks do get a steady revenue stream from their fideicomiso business, I would hardly use the modifier "struggling" to
describe the banks. Fact is that most Mexican Banks are to varying extents owned by international banking companies like Citi, Santander, and HSBC.
My understanding is that the so-called forbidden zone was the product of little more than pride and nationalism. Just think how many foreigners,
especially North Americans, would flock down if the could obtain a clear trust deed in these desirable regions. And for that matter, if they allowed
legal foreign ownership without having to get legal resident status.surebought - 12-13-2009 at 01:33 PM
All the Banks are in quebra technica. True they are now out of the governments hands and so now their losses bleed their parent companies which is
better than the taxpayer. They can't make money loaning money because nobody pays. Now they've got credit cards to give to everyone, so I guess
there is hope.oldlady - 12-13-2009 at 01:38 PM
I think "struggling" is okay (but my evil twin would probably use something less empathetic). Greece and Dubai made the headlines last week, Spain
and Santander were "below the fold".. it was not a pretty story and it's been tough to get much trustworthy detail.joel - 12-13-2009 at 01:38 PM
Oladulce,
Thanks for those examples. Good to have that data when shopping for a fido....
I'd hear that there was a problem with the survey markers in SJ, but that it was minor.
How far off were they for you and to whose advantage?
Thanks,
Joeloladulce - 12-13-2009 at 05:45 PM
Quote:
Originally posted by joel
Oladulce,
Thanks for those examples. Good to have that data when shopping for a fido....
I'd hear that there was a problem with the survey markers in SJ, but that it was minor.
How far off were they for you and to whose advantage?
Thanks,
Joel
When it's all settled I'll post a little story Joel. It's a humorous (laugh so you don't cry type of humor) tale of "what next ?" that i think other
Mexico property owners can identify with and get a kick out of.Dave - 12-13-2009 at 06:53 PM
Quote:
Originally posted by lencho
That would probably take a constitutional amendment with emotional implications associated with national sovereignty.
Unlike the U.S. it's my understanding that constitutional amendments are routinely proposed and enacted by Congress.
Am I mistaken?DENNIS - 12-13-2009 at 07:30 PM
Quote:
Originally posted by Dave
Unlike the U.S. it's my understanding that constitutional amendments are routinely proposed and enacted by Congress.
Am I mistaken?
It's my understanding that they change the constitution about as often as they change their shorts. Daily, I would hope.DENNIS - 12-13-2009 at 07:34 PM
Fact remains, one can buy just about the whole country without a trust if he doesn't require waves in front of his house and finds desirable land away
from the protected zone.redmesa - 12-14-2009 at 06:29 AM
Exactly, what are the rules of private ownership? Is it 50 miles away from the coast as I have always thought which just about covers all of Baja.oldjack - 12-14-2009 at 09:55 AM
What I have read is in kilometers ... but approximately 30 miles from the coastline and 50 miles from the international borders....Donjulio - 12-14-2009 at 10:03 AM
Its 50 kilometers from the water and 100 kilometers from the border.Donjulio - 12-14-2009 at 10:06 AM
Another thing about the Fidi is that the idea of doing away with it was PAN and now that PRI is back in as the majority it probably won't fly.
