Quote: Originally posted by BeachSeeker | Quote: Originally posted by Udo | Thank you!
I am sure you have some idea of the number of people who think the fideicomiso is the title to end all titles. Essentially, a person is renting the
land and home from a bank. And then, even if sold to a Mexican national, good luck getting the title released from the bank!
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I don't know, this seems really disingenuous. While a fideicomiso may add barriers when trying to transact Mexican real estate, at least you can be
'relatively' sure that the land and house is yours. I've not heard of anyone who has a fideicomiso and lost their house, as long as the trust and
title was legal in the first place.
With a lease, you have a little safety for 9 years 11 months, after that, you are on a hope and a prayer. If the owner dies and their kids take over,
all bets are off, etc. Look how many nightmare threads are on this board about the owners kicking people off of their land and taking their houses
once the lease is up.
[Edited on 8-26-2023 by BeachSeeker] |
Travel trailers and mobile homes, with simple simple palapa/garage, are ideal for leased property.
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