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wilderone
Ultra Nomad
Posts: 3824
Registered: 2-9-2004
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"I examined a Mexican title insurance policy written by First American and it has so many exceptions to coverage it's essentially worthless and nobody
will ever get satisfaction if they rely on the policy to compensate for the exceptions to clear title."
A good title policy would also include legal representation to defend title in your behalf if an action is brought.
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CaboRon
Ultra Nomad
Posts: 3401
Registered: 3-24-2007
Location: The Valley of the Moon
Member Is Offline
Mood: Peacefull
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Latest News ?
Does anyone know anything further about this ?
It seems someting affecting one thousand families should be huge news.
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Bronco
Nomad
Posts: 168
Registered: 12-1-2007
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Grupo Lagza is a active Corp in Calif-SD
I would not hesitate to go after GL in California. I would also include the title company. I have had converstions with Stewart title re: their bogus
"Steward Title approved" on most of the bad real estate in the Rosarito area. Ladrones of the highest order. Eventually the Torres clan will go down
as well. I just can't figure how they continue to function with no business or sales of condos. But then those unrefunded deposits do add up. Very
interesting?
Corporation
GRUPO LAGZA
Number: C1899866 Date Filed: 1/5/1996 Status: active
Jurisdiction: California
Address
750 B STREET STE 1880
SAN DIEGO, CA 92101
Agent for Service of Process
CELSO T JIMENEZ
610 W ASH ST STE 805
SAN DIEGO, CA 92101
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toneart
Ultra Nomad
Posts: 4901
Registered: 7-23-2006
Member Is Offline
Mood: Skeptical
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| Quote: | Originally posted by capitolkat
did any of these people have a fidecomiso? If not they took risks that are inappropriate for the location. I examined a Mexican title insurance policy
written by First American and it has so many exceptions to coverage it's essentially worthless and nobody will ever get satisfaction if they rely on
the policy to compensate for the exceptions to clear title. |
Nobody has answered the fideocomiso question yet.
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Cypress
Elite Nomad
Posts: 7641
Registered: 3-12-2006
Location: on the bayou
Member Is Offline
Mood: undecided
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Fideocomiso? It all depends upon who did the "fideo".  And were all the papers etc. in order, and were the fees paid, and were the
extended family/leins/ and on and on considered?
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Bajafun777
Super Nomad
Posts: 1103
Registered: 9-13-2006
Location: Rosarito & California
Member Is Offline
Mood: Enjoying Life with Wife In Mexico, Easy on The Easy
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Toneart, I doubt that anyone can answer your question, as these things just get shifted further down into the darkness until the shell switch is made
and then it will be clear as glass to everyone except those that invested. That is why I will not buy in Mexico, ever, I will lease and enjoy the
culture and friends down there but will not even think of buying anymore. I am getting too set in my ways to have to get totally angry and fedup with
something that I know is always going to be a problem in Mexico. I would rather lease, rent, and jump from place to place like nomads do to enjoy
every bit of what Baja and yes Mainland has to offer. Afraid of the crime, not really, but I will also not take chances that would even put me or my
wife at risk. Many have seen some really good people get taken advantage of and the crooks go on to screwing other Americans, Canadians, and Mexicans
returning to Mexico for everything they had worked years to attain. So, my suggestions are lease or rent and take the stress out of it ----------
which will hopefully bring you "NO Hurry NO Worry Just Fun" should be there for you, hopefully. I wish these people well but we all know how it will
turnout and no matter what I do not believe anyone desevers this to happen to them in their retirement years, kind of reminds one of Enron, etc. The
rich greedy icons are entitled to screw us every chance they get, just when will we all accept this and deal with it, wow will things ever change?
Crooks are crooks no matter what side of the border but this real estate issue in Mexico has to change with understandings for everyone.
Later-------------------------- bajafun777
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Dave
Elite Nomad
Posts: 6005
Registered: 11-5-2002
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| Quote: | Originally posted by toneart
Nobody has answered the fideocomiso question yet. |
This is an illegal subdivision. There are no fideocomisos. The majority of the owners are either Mexican or hold dual citizenship. A mortgage lien
may have been recorded but the trick would be in finding where. For instance, the domicile for the corporation could be
DF.... or Mazatlan.
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pavel
Banned
Posts: 8
Registered: 5-23-2009
Location: Spartanburg, SC
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There was a time that owning was best but...
I would have to say that those on this board who have been saying that leasing is the only way to enjoy Baja by way of home ownership are having the
last laugh..
Its becoming obvious that the problems of no central computer files has led to overlapping title issues where some notarios have completed land
transactions from areas other than where they are located. It will come to a head when the system is put on a central registry but they will delay it
for many years because of the problems that await.
The old 'do not invest more than you can afford to lose" has never had so much weight as now.
If you bought your property from an eijdo without the proper paper work being completed , You are screwed . Its that simple. Gone are the days when
an honest Mexicans handshake is worth anything anymore.
The economy will dictate the clawback of land that will happen when these deals go south..
Even hiring a lawyer will not help you as the Mexican legal system will always favor the Mexican no matter what those on this board say. Its a make
work program for Mexican lawyers and nothing else. There is no end to land dispute litigation in Mexico unless both parties are Mexican....
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Bajahowodd
Elite Nomad
Posts: 9274
Registered: 12-15-2008
Location: Disneyland Adjacent and anywhere in Baja
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I know, I'm going to be assaulted here, but........ The proponents of the conservative side of the aisle, will all say that this is merely a case of
caveat emptor. On the other hand, if the government would step in and mediate the issue, maybe, with some government assistance,(even graft, if you
will) this could turn out well for those affected. Lassez faire governments are fine in theory. But he simple truth is that unless we are OK with our
society devolving into a Darwinist system, government has to intrude.
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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I agree with every word that Pavel just mentioned.
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pavel
Banned
Posts: 8
Registered: 5-23-2009
Location: Spartanburg, SC
Member Is Offline
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You are half right..
| Quote: | Originally posted by Bajahowodd
I know, I'm going to be assaulted here, but........ The proponents of the conservative side of the aisle, will all say that this is merely a case of
caveat emptor. On the other hand, if the government would step in and mediate the issue, maybe, with some government assistance,(even graft, if you
will) this could turn out well for those affected. Lassez faire governments are fine in theory. But he simple truth is that unless we are OK with our
society devolving into a Darwinist system, government has to intrude. |
Mexico does need some more oversight because of the constant shifting sands of home ownership there.
You can not even begin to compare it to regulation in the USA and to do it shows your complete lack of knowledge with what is going on in both
countries.
I have bought and owned property in ten states and never have had any issue with ownership because we have oversight. Please provide us with the
details of how this is happening on the 'OC' where you live and let us know about the thousands of homes where ownership is an issue.
Oh, whats that... There is no need for more oversight up there.
Thanks for your input into these very important issues...
[Edited on 5-25-2009 by pavel]
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Bronco
Nomad
Posts: 168
Registered: 12-1-2007
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Hear, Hear
I also agree with Pavel and Dennis. If one wants to see how the records are recorded just go to the city government buildings in Ensenada where people
pay yearly taxes. I went with a national who inherited a parcel of land and was amazed but not surprised. Big "theek" books, all hand written with
land transactions one after another. In our lifetime the internet will never see these mysterious, musings, posted from one generation of clerk to the
next. The thought of perusing for who did what to whom, when and where is unfathomable.
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Dave
Elite Nomad
Posts: 6005
Registered: 11-5-2002
Member Is Offline
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| Quote: | Originally posted by pavel
Even hiring a lawyer will not help you as the Mexican legal system will always favor the Mexican no matter what those on this board say. Its a make
work program for Mexican lawyers and nothing else. There is no end to land dispute litigation in Mexico unless both parties are Mexican....
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The Mexican legal system favors those with intimate knowledge. Gringos can prevail if they employ an attorney who works in their
interest. The key is not what happens in court...it's what happens after.
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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| Quote: | Originally posted by Dave
| Quote: | Originally posted by pavel
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You're responding to the dead.
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Cypress
Elite Nomad
Posts: 7641
Registered: 3-12-2006
Location: on the bayou
Member Is Offline
Mood: undecided
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pavel? Seemed like a good poster? Didn't take long for him to get booted. He must have been a little too honest.
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bajalou
Ultra Nomad
Posts: 4459
Registered: 3-11-2004
Location: South of the broder
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Think he was a old banned poster with a new namd.
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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Dave
Elite Nomad
Posts: 6005
Registered: 11-5-2002
Member Is Offline
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I own a bar
| Quote: | Originally posted by DENNIS
You're responding to the dead. |
It's a habit. 
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Bajajack
Banned
Posts: 370
Registered: 5-20-2007
Location: Arizona
Member Is Offline
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Since I can't speak the truth without being Banned or Censored I supposed I won't say anything.
\"take what you can, give nothing back!\"
We have room for but one language here, and that is the English language... and we have room for but one sole loyalty and that is a loyalty to the
American people.\'
Theodore Roosevelt 1907
We can have no \"50-50\" allegiance in this country. Either a man is an American and nothing else, or he is not an American at all.
Theodore Roosevelt
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bajamigo
Super Nomad
Posts: 1218
Registered: 6-17-2006
Location: Punta Banda, BC
Member Is Offline
Mood: hubimos llegado
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| Quote: | Originally posted by bajalou
Think he was a old banned poster with a new namd. |
I was guessing Minnow.
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comitan
Ultra Nomad
Posts: 4177
Registered: 3-27-2004
Location: La Paz
Member Is Offline
Mood: mellow
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This site may be a clue:
http://www.pavelmi.com/index2.php
Strive For The Ideal, But Deal With What\'s Real.
Every day is a new day, better than the day before.(from some song)
Lord, Keep your arm around my shoulder and your hand over my mouth.
“The sincere pursuit of truth requires you to entertain the possibility that everything you believe to be true may in fact be false”
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