Dennis, thanks for that, I'll read it soon. Lots of info.Udo - 3-23-2012 at 09:05 AM
Thanks for finding that timely information, Dennis.
It's 85 pages long. I'll read it this weekend, buddy!DENNIS - 3-23-2012 at 09:09 AM
Quote:
Originally posted by Udo
Thanks for finding that timely information, Dennis.
It's 85 pages long. I'll read it this weekend, buddy!
Yeah........it'll take a weekend to read it and three lifetimes to comprehend it.
Good luck, Udo.DENNIS - 3-23-2012 at 09:20 AM
I recently had a conversation with one of the landowners involved in the Punta Banda expropriations and he was going to give me his take on the issue
before we got side-tracked, but before that, he made the comment, "There's more than one type of Fideicomiso, you know."
Well....I didn't know that, and I wish our conversation hadn't been interupted because it gave me the feeling that I was about to hear that those who
had bank trusts and were dispossed of their property, didn't have the protection they assumed they had.
It mentions in this document that Fideicomisos can be written with clauses that can be used to nulify the trust, but If that were the case, the expat
would be the last to know about it til it is too late.
Anyway..........who can you trust down here? Certainly not your lawyer if he's from the same town and is probably related to every adversary he might
encounter while defending you.
Jeeeezo...the more advanced Mexico becomes, the worse it gets.mcpuitar - 3-23-2012 at 09:53 AM
Very interesting document Dennis. Thanks for posting it.sancho - 3-23-2012 at 12:19 PM
Quote:
Originally posted by DENNIS
It mentions in this document that Fideicomisos can be written with clauses that can be used to nulify the trust, but If that were the case, the expat
would be the last to know about it til it is too late.
That line so often quoted, 'never invest any more
than you can't walk away from in Baja', I've always thaught
was a little harsh, but....
My future SOB will more than likely be dragging a trailer
down or a rental of some kind. Besides not getting stuck
with something you can't sell, for a variety of reasons
[Edited on 3-23-2012 by sancho]DianaT - 3-23-2012 at 01:33 PM
Thanks Dennis---I looked at it quickly and will look at it closer.
I may be incorrect, and maybe after reading it closer I will change my mind, but I still think it and a Mexican Corporations are the "safest" way to
own property in Mexico. I put safest in quotes because I know that NOTHING is absolute.
I just think they are safer than leases, buying with a preste nombre, or by holding an "irrevocable" power of attorney, leasing, or any of the other
"creative" ways property in Mexico is sold.DENNIS - 3-23-2012 at 04:45 PM
Quote:
Originally posted by DianaT
I just think they are safer than leases, buying with a preste nombre, or by holding an "irrevocable" power of attorney, leasing, or any of the other
"creative" ways property in Mexico is sold.
Right-on Diane. The methods you mention are unenforcable in court, if not illegal.CortezBlue - 3-24-2012 at 05:56 AM
