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Udo
Elite Nomad
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Registered: 4-26-2008
Location: Black Hills, SD/Ensenada/San Felipe
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I am speaking about this with a Mexican attorney.
| Quote: | Originally posted by boe4fun
So IF and WHEN this is passed and implemented, what does one do if they currently have a fideicomiso; let it expire, keep it in place, have it legally
deconstructed? |
Udo
Youth is wasted on the young!
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akmaxx
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Posts: 334
Registered: 10-29-2008
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Actually plans have been made...
I have a lawyer friend who was in charge of rewriting the states law books to account for this new law in Sinaloa. They mentioned to me that all the
costs, minus the fees, you have paid to banks for fido's are due back to you as the bank was just holding your "bond" in escrow for the gov't.
My lawyer friend is waiting for this to get further along and then they intend to start building a client list of those with long-held fido's due the
biggest returns. When this happens it will be the lawyer with the best relationship at the banks who makes the process smooth.
Interesting to see how this will play out.
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rts551
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| Quote: | Originally posted by akmaxx
I have a lawyer friend who was in charge of rewriting the states law books to account for this new law in Sinaloa. They mentioned to me that all the
costs, minus the fees, you have paid to banks for fido's are due back to you as the bank was just holding your "bond" in escrow for the gov't.
My lawyer friend is waiting for this to get further along and then they intend to start building a client list of those with long-held fido's due the
biggest returns. When this happens it will be the lawyer with the best relationship at the banks who makes the process smooth.
Interesting to see how this will play out. |
ja ja ja..... and what will be the "fee: to opt out of your fido.
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DENNIS
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| Quote: | Originally posted by rts551
ja ja ja..... and what will be the "fee: to opt out of your fido. |
The mere thought of a bank giving back "your" money makes me laugh. 
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Udo
Elite Nomad
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Registered: 4-26-2008
Location: Black Hills, SD/Ensenada/San Felipe
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MY sentiments also, DENNIS
| Quote: | Originally posted by DENNIS
| Quote: | Originally posted by rts551
ja ja ja..... and what will be the "fee: to opt out of your fido. |
The mere thought of a bank giving back "your" money makes me laugh.
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Udo
Youth is wasted on the young!
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monoloco
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Registered: 7-13-2009
Location: Pescadero BCS
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| Quote: | Originally posted by boe4fun
So IF and WHEN this is passed and implemented, what does one do if they currently have a fideicomiso; let it expire, keep it in place, have it legally
deconstructed? |
You will have to pay the bank to dissolve your fido and transfer the escritura back to you.
Currently the cost is about 2-3k dollars.
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chuckie
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Coming and going
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UnoMas
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Have a friend that wanted to get out of his fidi because the bank fee was going up 6% every year so he could negotiate it with other banks. His
attorney told him $4000.usd to get out and aprox. $4000.usd for the new one. Always read things carefully before signing. A fidi can be negotiated
with numerous banks in the beginning but not after signing. 
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