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Author: Subject: FM3 Question??? Benefits???
grace59
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[*] posted on 8-7-2009 at 06:03 PM
FM3 Question??? Benefits???


We are building a house in San Felipe and have just gotten our FM3s. Should we now carry these with us when we are in Mexico as we do our passports? Are there any benefits to having our FM3s that I should know about? This is all new to us and I really appreciate all the info. that I get from the members of this forum. Thanks Nomads!



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bajaguy
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[*] posted on 8-7-2009 at 06:29 PM


Grace

I leave the original of my FM-3 and US Passport at the house and carry color copies of the photo pages of each with me when I am running around town.




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[*] posted on 8-7-2009 at 06:36 PM


I do what BAJAGUY does but I keep only a set in my cars glove box...



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[*] posted on 8-7-2009 at 07:04 PM


First of all: As a homeowner you MUST have an FM-3.
If you don't have one and INM gets the message, your house can be confiscated. But also a big fine might do it. Depends on the INM guy dealing your matter.
Some folks (homeowners) think as they are coming down here just for some weeks (less than 180 days), they don't need a FM-3, FMT is good enough. Think twice!
As a homeownre w/ fideocomiso you can apply for an FM-2 right away. That gives you a lot of protection in Mexico.
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bajajudy
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[*] posted on 8-7-2009 at 07:34 PM


Just remember that an FM2 has restrictions on how many days per year that you can be OUT of Mexico. It is not for people who only come a few months a year.



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[*] posted on 8-7-2009 at 08:24 PM


We had ours done by Lolita in San Felipe and she keeps the original so we can renew on time if we are not there. We keep a copy with our passports when we are in Mexico. Nancy
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[*] posted on 8-7-2009 at 08:28 PM


Quote:
Originally posted by bajajudy
Just remember that an FM2 has restrictions on how many days per year that you can be OUT of Mexico. It is not for people who only come a few months a year.


How does the Mex Gov know how many days a year you are in Mex if you have an FM2? How does one establish that they were in Mex for the required amount of days?




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grace59
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[*] posted on 8-7-2009 at 08:44 PM


Quote:
Originally posted by nbacc
We had ours done by Lolita in San Felipe and she keeps the original so we can renew on time if we are not there. We keep a copy with our passports when we are in Mexico. Nancy

Lolita also did our FM3s, but wasn't there when we picked them up so we got the originals. Should we leave them with her next time we are there? Is it OK to just carry a copy or will we ever be called on to produce the original?




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[*] posted on 8-7-2009 at 09:11 PM


Quote:
Originally posted by fishbuck
How does the Mex Gov know how many days a year you are in Mex if you have an FM2? How does one establish that they were in Mex for the required amount of days?


With a FM2, you are required to check out with Immigration when you leave Mexico. With FM3 you don't have to.

In practice, you can leave Baja and reenter without problems unless you fly. Or enter Mexico at a mainland entry. Lorado, Juarez, Caborca, etc.




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fishbuck
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[*] posted on 8-7-2009 at 09:32 PM


That's what I was thinking. So in essence if you drive in the is no way for the Mex Gov to know.



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[*] posted on 8-7-2009 at 09:46 PM


Squid, I own a beach house with fidecomiso and all I needed was my FMT, passport and small down payment check...
no FM3 no kidding

Quote:
Originally posted by squid
First of all: As a homeowner you MUST have an FM-3.
If you don't have one and INM gets the message, your house can be confiscated. But also a big fine might do it. Depends on the INM guy dealing your matter.
Some folks (homeowners) think as they are coming down here just for some weeks (less than 180 days), they don't need a FM-3, FMT is good enough. Think twice!
As a homeownre w/ fideocomiso you can apply for an FM-2 right away. That gives you a lot of protection in Mexico.




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fishbuck
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[*] posted on 8-7-2009 at 10:05 PM


None of that stuff is probably valid in court since you are a tourist and not legally permited to own property (Fido) in Mex.
But as long as no one ever challenges you, you'll probably get away with it.




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bajagrouper
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[*] posted on 8-7-2009 at 11:22 PM


Quote:
Originally posted by fishbuck
None of that stuff is probably valid in court since you are a tourist and not legally permited to own property (Fido) in Mex.
But as long as no one ever challenges you, you'll probably get away with it.


Hola Fishbuck, Well all I know is my real estate agent who is also an attorney, the bank, the title company and notorio all say I am the legal owner, I do know that a person buying a house in Mexico under a Mexican Corporation does need an FM3...




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[*] posted on 8-7-2009 at 11:36 PM


bajagrouper,

Think this through real slowly. As a tourist, on a FMT, when you leave the country your visa is no longer valid. As an individual without a valid visa you are not allowed to leave anything behind in the country. You need to remove whatever you brought as a tourist.

Buying a house and having a second home in mexico where you leave some of your belongings is not a tourist activity.
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[*] posted on 8-8-2009 at 01:53 AM


Hola Stan,
enlighten me, where is it written on a Mexican Gov. site that someone on an FMT can not leave personal items in their home... I know I can not leave a vehicle unless I have an FM3...PAZ

Hola Squid,
Are you going to show me a Mexican Gov. site that states I MUST have an FM3 to purchase a home in Mexico...SUERTE




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Bajajorge
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[*] posted on 8-8-2009 at 08:42 AM


I don't carry anything except my drivers license, money for adult beverage, my swimming pool pass and in my vehicle is proof of insurance.
My US Passport and FM3 are kept in my safe at home.
I don't know of anyone in San Felipe that carries their FM3s or US Passports. Most of course have their adult beverage Pesos readily available.
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[*] posted on 8-8-2009 at 08:54 AM


When I bought my house in quaint and charming Tijuana in 2006 the Notario and Scotia Bank (administers the Fideicomiso) required an FM-3. I knew about the requirement beforehand because the Mexican attorney I hired to guide me through the process and do the footwork also said I needed one. There are photocopies of it in the Fideicomiso paperwork, I'm looking at it now. The story here is, no FM-3, no Fideicomiso.
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[*] posted on 8-8-2009 at 08:58 AM


Quote:
Originally posted by bajagrouperSquid, I own a beach house with fidecomiso and all I needed was my FMT, passport and small down payment check...no FM3 no kidding
Quote:
Originally posted by squidFirst of all: As a homeowner you MUST have an FM-3.If you don't have one and INM gets the message, your house can be confiscated. But also a big fine might do it. Depends on the INM guy dealing your matter.Some folks (homeowners) think as they are coming down here just for some weeks (less than 180 days), they don't need a FM-3, FMT is good enough. Think twice!As a homeownre w/ fideocomiso you can apply for an FM-2 right away. That gives you a lot of protection in Mexico.

well, so far so good. Where there is no judge - there is no judgment.Read my post again and learn what I said. You must have a FM-# if you are a homeowner. Getting in and out of Mexico w/ an FMT is one thing. But don't let the INM get any knowledge of your home. They CAN confiscate it. On a regular base they are putting a big fine on you as they are more interested in $$$$$ as in a house.The guy at the border doesn't ask much. But INM is different inside the country.
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[*] posted on 8-8-2009 at 09:10 AM


Sure, someone can sell you a house and you can buy it without the proper visa... but, are you willing to lose it all when the officials catch up to you?

A TOURIST (FM-T is a TOURIST CARD) is someone on a vacation, camping or staying in a hotel for a limited time... then goes home (leaves Mexico).

Tourists DON'T buy property that stays in Mexico when they leave they also cannot work any job (even volunteer)... IF they do, they are not tourists anymore... they now have become PART TIME RESIDENTS in Mexico (FM-3).

Those wishing to live FULL TIME or 'most of the time' in Mexico would advance to an FM-2 visa or apply for citizenship.




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[*] posted on 8-8-2009 at 09:11 AM


Everything I have heard, read and been told was that a FM3 was needed for a Fediecomiso. There is enough risk buying in Mexico already so why would anyone take more chances. My wife and I just went last week to TJ and signed all the documents with the Notario and I am so glad its done
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