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DianaT
Select Nomad
Posts: 10020
Registered: 12-17-2004
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Interesting site---just a little dated, I believe on the cost of obtaining the Bank Trust. They are quoting 2 to 3000 dollars--ours cost a little
over 5000 and I know others are paying more.
Right now we are paying $385.00 a year for our trust, but since it can go up, I am sure it will. 
Thanks for sharing the site.
Diane
[Edited on 7-27-2009 by jdtrotter]
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BajaNuts
Super Nomad
Posts: 1085
Registered: 5-11-2008
Location: eastern WA, the DRY side
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Mood: no worry, no hurry....it's all good!
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| Quote: | Originally posted by rocmoc
just like to have the deed, title or ownership papers of personal possessions in hand.
rocmoc n AZ/Mexico
[Edited on 7-25-2009 by rocmoc] |
To rocmoc-
It may be different in your state, but in WA, even if your house is paid in full, you do not get the title, the court house keeps it, for
"safekeeping". It is EXTREMELY difficult to get the actual piece of paper that is your title.
I'm just curious, rocmoc, if you actually do have your title "IN HAND"...actually physically in your possession?
If you don't, then it's not that much different than a fidei.
Well, there is one difference.....the county courthouse doesn't charge you $600 a year for "safekeeping"!
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bajalou
Ultra Nomad
Posts: 4459
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Location: South of the broder
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The area around San Matis is outside the "Restricted" zone.
No Bad Days
\"Never argue with an idiot. People watching may not be able to tell the difference\"
\"The trouble with doing nothing is - how do I know when I\'m done?\"
Nomad Baja Interactive map
And in the San Felipe area - check out Valle Chico area |
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irenemm
Senior Nomad
Posts: 623
Registered: 7-16-2009
Location: vicente guerrero, baja
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Mood: relaxed
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larry c
u guess it
don't tell
thanks
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toneart
Ultra Nomad
Posts: 4901
Registered: 7-23-2006
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| Quote: | Originally posted by jdtrotter
Interesting site---just a little dated, I believe on the cost of obtaining the Bank Trust. They are quoting 2 to 3000 dollars--ours cost a little
over 5000 and I know others are paying more.
Right now we are paying $385.00 a year for our trust, but since it can go up, I am sure it will.
Thanks for sharing the site.
Diane
[Edited on 7-27-2009 by jdtrotter] |
The figures Dianne quoted are almost exactly what I paid to set up the Fido four years ago, and also the annual fee to maintain it. I hear now they
are costing around $6000.00 to set up. 
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fishbuck
Banned
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Unrestricted Zone
The Unrestricted Zone is the inland part of Baja that is over 32 miles away from the oceans, and over 64 miles away from the international borders. If
you’re a U.S. citizen you don’t need to pay the fideicomiso set-up fee to purchase this land. There is not much Unrestricted Zone land here in Baja
because of how narrow the penisula is.
The Unrestricted Zone allows foreigners to own land using an escritura publica just like a Mexican citizen.
[Edited on 7-29-2009 by fishbuck]
"A ship in harbor is safe, but that is not what ships are built for." J. A. Shedd.
A clever person solves a problem. A wise person avoids it. – Albert Einstein
"Life's a Beach... and then you Fly!" Fishbuck
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rocmoc
Nomad
Posts: 234
Registered: 5-25-2009
Location: Tucson, AZ
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Mood: Live today like it maybe your LAST!
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| Quote: | Originally posted by BajaNuts
| Quote: | Originally posted by rocmoc
just like to have the deed, title or ownership papers of personal possessions in hand.
rocmoc n AZ/Mexico
[Edited on 7-25-2009 by rocmoc] |
To rocmoc-
It may be different in your state, but in WA, even if your house is paid in full, you do not get the title, the court house keeps it, for
"safekeeping". It is EXTREMELY difficult to get the actual piece of paper that is your title.
I'm just curious, rocmoc, if you actually do have your title "IN HAND"...actually physically in your possession?
If you don't, then it's not that much different than a fidei.
Well, there is one difference.....the county courthouse doesn't charge you $600 a year for "safekeeping"! |
Yes in AZ I do have the deed to our house but the county does keep a copy on file.
rocmoc n AZ/Mexico
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BajaNuts
Super Nomad
Posts: 1085
Registered: 5-11-2008
Location: eastern WA, the DRY side
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Mood: no worry, no hurry....it's all good!
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Thanks, rocmoc. And I do understand folk's old school feelings of wanting it in hand.
'nuts
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