sancho
Ultra Nomad
Posts: 2524
Registered: 10-6-2004
Location: OC So Cal
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Change in the Need for a fm3 to Buy Property?
This is off the San Felipe site, not sure if this is
news, a proposed change, or someone's interpretation,
I'm not schooled on fm3's
http://katskorner.com.mx/san_felipe/
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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"they are now saying you don’t need an FM3 if you signed a contract or bought a house through a bank trust. According to Yolanda Tafoya of Yet Mail
(this is from Bob Miller who spoke to her) you can cancel your FM-3 and simply get a tourist visa."
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I'll have to see this in something more official. It's difficult to see how any property owner would be considered a tourist.
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SFandH
Elite Nomad
Posts: 7433
Registered: 8-5-2011
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Lots of debate about this. Perhaps ask the notario, and the bank official if a fideicomiso is involved, handling the deal. Or just get a FM-3, then
you're covered.
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meme
Senior Nomad
Posts: 756
Registered: 8-20-2003
Location: San Felipe,BC
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Both the notarios & the banks lose money on this--so what do you think they will both tell you?
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larryC
Super Nomad
Posts: 1499
Registered: 8-11-2008
Location: BoLA
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When I did my fideocomiso in 2008 the notario just wanted me to be in Mexico legally, he said a tourist permit would be fine and he made a copy of it
for the records. I since have gotten my fm2.
Larry
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shari
Select Nomad
Posts: 13052
Registered: 3-10-2006
Location: bahia asuncion, baja sur
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Mood: there is no reality except the one contained within us "Herman Hesse"
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I know people who have bought property with a FMM as well...I think it matters if you LIVE here or just visit like a tourist.
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meme
Senior Nomad
Posts: 756
Registered: 8-20-2003
Location: San Felipe,BC
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We bought property here with none of the Fm's. I have no idea where that law is or what sales person demands it that you need one to buy property?
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bajagrouper
Senior Nomad
Posts: 964
Registered: 8-28-2003
Location: Rincon de Guayabitos, Nayarit, Mexico
Member Is Offline
Mood: happy and retired
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I bought a beach house in Nayarit in 2008 and a ranch near Dolores Hildalgo in 2010 with only an FMM, in fact if you read the last paragraph on the
back of the FMM it states you can buy property.........
[Edited on 6-11-2012 by bajagrouper]
I hear the whales song
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