bajagirl
Newbie
Posts: 4
Registered: 8-18-2006
Location: Ensenada
Member Is Offline
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FM-3 or FM-T???
Do you have to obtain an FM-3 to sell a piece of property or can you just get an FM-T?
My parents own property in a trust in Ensenada. It is raw land and have never stayed down in Mexico longer than 3 days. Do they need to obtain an FM-3
now to sell the property and sign papers or can they get an FM-T to show they are in Mexico legally?
Years ago, when they purchased the property, they did get an FM-3 from the Mexican consulate in San Diego. However, they have never renewed it because
they never built on the property and did not stay in Mexico for any extended periods of time.
Any information would be appreciated.
Thanks
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Dave
Elite Nomad
Posts: 6005
Registered: 11-5-2002
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No
| Quote: | Originally posted by bajagirl
Do you have to obtain an FM-3 to sell a piece of property?
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All you need is a buyer. And here's the best part...
You don't even have to own it.
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David K
Honored Nomad
Posts: 64858
Registered: 8-30-2002
Location: San Diego County
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Mood: Have Baja Fever
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For the umphed time:
FM-T is for TOURISTS, visiting Mexico on a vacation... No leaving property behind when you leave (no cars, houses, trailers, fishing poles). People on
a vacation do not rent or purchase property, they are there to visit, stay in motels, camp, etc. and go home to their country outside of Mexico.
FM-3 is a visa which gives you protection under the law to enter into contracts, to buy property, to live (even part time in Mexico), or to work
including voluntary work (with the special work FM-3).
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bajaguy
Elite Nomad
Posts: 9247
Registered: 9-16-2003
Location: Carson City, NV/Ensenada - Baja Country Club
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Mood: must be 5 O'clock somewhere in Baja
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Whoa......
Just where is this property in Ensenada???
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gnukid
Ultra Nomad
Posts: 4411
Registered: 7-2-2006
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So maybe they still own the land or maybe they don't? Depending on the trustee? This has got to be a common situation to come across in the propsed
sale of land under fidocomiso? I am guessing they need to reestablish the FM-3 and contact the bank trustee who holds the fidocomiso... or maybe visit
a notaria for advice?
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