oladulce
Super Nomad
Posts: 1625
Registered: 5-30-2005
Location: bcs
Member Is Offline
|
|
Banorte for Fideicomisos?
Any opinions or experiences with Banorte (La Paz) for fideicomisos?
Chiefly, their communcation and responsiveness during the setup of your fide. and after it's established.
Also of interest:
- Do they send you a statement for your annual payment and then a receipt ?
- Will they send you facturas for their service fees?
- Do they utilize email or are you able to contact someone when you call the bank?
We've learned from recent experience that service and communication with the bank should be the #1 criteria when shopping for a fide.
What do you think of Banorte?
[Edited on 5-4-2006 by oladulce]
|
|
|
comitan
Ultra Nomad
Posts: 4177
Registered: 3-27-2004
Location: La Paz
Member Is Offline
Mood: mellow
|
|
I don't think you will find a bank that will do all that you expect. Even when LuLu was doing their Fido's there was no problems but none of the banks
will bill you. HSBC you can pay by interbank deposit and have email. By the way you will not get billed for anything like Fido, taxes, car license,
Drivers license. You do get electric bills, phone bills.
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”
|
|
|
oladulce
Super Nomad
Posts: 1625
Registered: 5-30-2005
Location: bcs
Member Is Offline
|
|
I've learned not to expect too much from the bank Comitan.
Our recent problems have been due to the lack of response from the banks during a sale (Bancomer) and a purchase (ScotiaBank). Trying to get Bancomer
to release our fide when we sold gave us an ulcer and took almost 2 years for them to follow through. Scotia has had to represent us for our Fed.
Zone application and Environmental Impact study for SEMARNAT and trying to get them to follow through has been well, trying.
It's these special circumstances that have emphasized the importance of a banks level of service when you need them. I can deal with the everyday
fide. inconveniences.
Actually Bancomer had been sending us a "payment reminder" annually for our fides for the past 14 years. (and so did Banco Internacional many years
ago).
But Bancomer is the one that ultimately caused us all the problems so that doesn't say much for the sending of bills as being a reliable indicator of
service ! And really it's not that important, I just wondered.
Unfortunately we have neither electricity nor phone service so I don't expect to ever see a bill !
|
|
|
comitan
Ultra Nomad
Posts: 4177
Registered: 3-27-2004
Location: La Paz
Member Is Offline
Mood: mellow
|
|
An interesting fact I have forgotten twice to pay the yearly car license fees, when you go to pay you pay for the next year no penalties nada.
The above reply was from my own eperience I guess there are no real rules.
My fido is with bital (HSBC) 11 years have never gotten a notification.
[Edited on 5-4-2006 by comitan]
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”
|
|
|
Don Alley
Super Nomad
Posts: 1997
Registered: 12-4-2003
Location: Loreto
Member Is Offline
|
|
We have a Bancomer fido.
When buying they held up the fido...to much trouble to drive over to the notary to sign. This was in La Paz. The La Paz branch people then said they
could send necessary paperwork to Loreto, saving s a trip to La Paz, but the Loreto branch wuld probably lose the paperwork so that was not a good
idea. 
We get no billing notice.
Last year, the Loreto branch gave us a number in Tijuana to call to pay. We called, they had us pay in Loreto, then fax the receipt to the Tijuana
branch because they said the Loreto branch would lose the records.
This year, we could pay at the Loreto teller window. But only before 3 o'clock. She made out a receipt with the fido # on it, but then cancelled and
kept that because we were paying with a US check. She then wrote us a standard deposit slip, with no mention of the fido, and gave us that as a
receipt. She did write our fido # on the back of our check, though, so I think I can prove we made the payment.
I have no confidence that Bancomer has any record of our payments.
|
|
|
oladulce
Super Nomad
Posts: 1625
Registered: 5-30-2005
Location: bcs
Member Is Offline
|
|
I feel for you Don Alley and agree that your fide payment entered a black hole, never to be see again.
An unexpected property purchase presented itself to us and we're extra gun shy about the Fide. bank this time.
Scotia Bank hasn't returned the Notario's calls so we can get a new fide started, which seems like a sign that it's time to move on. The Notario
mentioned that Banorte has been easy for him to work with in the past which is why I was asking for anecdotes about them, from a customer's
perspective.
But I'm open to any other positive fide bank experiences, if such a thing exists.
|
|
|
Denver
Junior Nomad
Posts: 33
Registered: 1-19-2006
Member Is Offline
Mood: Rollin'
|
|
Interacciones- Banca Multiple
Oladulce,
I'm working on a purchase near Todos Santos and my realtor, Ricardo Amigo, recommended Interacciones as the bank to hold title in fideicomiso. I've
not started the process yet, but it sounded like this bank ONLY did fide work and therefore was more efficient with transactions and payments.
I would like to hear any input about this bank as right now it is the one I will work with.
Contact in La Paz:
Narda Guadalupe Canseco Castro
Plaza Bonita, Local 12
l. Allende Esq. Guillermo Prieto #448
La Paz, BCS 23000
011-52-612-122-0310
fiduwhat_lapaz@hotmail.com
The Declaration of Independence only gives you the right to pursue happiness. You have to catch it yourself. - Benjamin Franklin
|
|
|
oladulce
Super Nomad
Posts: 1625
Registered: 5-30-2005
Location: bcs
Member Is Offline
|
|
Very interesting Denver. So that's what happened to Narda.
She was the Bancomer La Paz Fiduciary manager and main contact at the bank for several years. When she "left" Bancomer last year (?), is about the
time that Bancomer started falling apart in Fide dept. Hmmm...
We're going to go with Banorte which will facilitate the process for the Notario and keep the ball rolling.
Hope everything goes well for you- Narda seemed to follow through the few times that we needed her and she certainly knows about Fides.
|
|
|
jerry
Super Nomad
Posts: 1354
Registered: 10-10-2003
Location: loreto
Member Is Offline
|
|
i can only tell you about what buddy of mine who bought a property from skeet almost 2 years ago said
alex and the naterio in la pas have been trying to get the fedio throu with banorte and noone will tell anyone anything except the bank has the
papers
the first was lost now noone
will return messages and everything is in limbo allmost 2 years
just passing on what i was told
have a good one jerry
jerry and judi
|
|
|
Phil S
Super Nomad
Posts: 1205
Registered: 10-28-2003
Member Is Offline
Mood: After 34 years. Still in love w/ my wife
|
|
I have a fido with Bancomer. Been five years. I originally drove to LaPaz for some R&R & paid directly to their office there. Then last year
was informed that they closed their LaPaz & Cabo fido offices, and consolidated all to Tijuana. I do get a billing sent to my home in Oregon each
year. I do pay now to the Loreto branch, and until Don Alley made the comment about "Loreto loses everything", I only have receipts from them showing
the fido account #. Guess I better stop in TJ on way home in October and get some first hand info about my payments. Anyone else having problems
with BanComer after they consolidated offices? Like good news, or horror stories?
|
|
|
jerry
Super Nomad
Posts: 1354
Registered: 10-10-2003
Location: loreto
Member Is Offline
|
|
phill i was told that all
bancomer payment need to be paid in tj office or mail them to there san yecedro po box and i did as requested i never get a bill
i have sent the last 2 checks and have asked for the bank to let me know if recived i did recieve a email from the telling me it was recieved it
takes forever to get responces
the check i sent to san yecedro took 5 weeks befor they chashed it and it was sent there so it would be quicker ??
and it was over 2 months befor i got a responce
i hear that
all the banks in mexico are snowed under but the they seemed snowed under for the last 12 yrs
jerry and judi
|
|
|
Phil S
Super Nomad
Posts: 1205
Registered: 10-28-2003
Member Is Offline
Mood: After 34 years. Still in love w/ my wife
|
|
Jerry. I paid mine via cash at the Loreto Bank. I still am not comfortable writing checks in Baja. Just me though.
|
|
|
Skeet/Loreto
Ultra Nomad
Posts: 4709
Registered: 9-2-2003
Member Is Offline
|
|
Jerry andother poster conerning you Fido-com.:
Jerry when you see Don, tell him to Hang in their he is inBaja the Land of Manana.
Several years ago I bought the Property where Sid and Mike live.
I bought it from a Widow whose Husband had Died in Loreto. Who had Heirs living in the States.
It tooka Trip to TJ, another trip to Juarez, and a final trip to an Attorney in TJ. The process lasted 2 years. The reason being that the Mexican Laws
are very protective of heirs{Rightfully so as in the States, if you get an Attorney in the Know, he can rig the papers in many ways to Cheat the Heirs
out of their Properties}.
We must try to remember that time and action moves much slower in Mexico than the States! In my Opinion I like the Slow way of Living as opposed to
the Rat Race of Today in the States.
Tell Don I will be in Loreto on June the 13th and 14th,have him let me Know if I might assist, also remind him that I made him a "Money back
Guarantee"". on the property!
Skeet/Loreto
|
|
|
MitchMan
Super Nomad
Posts: 1856
Registered: 3-9-2009
Member Is Offline
|
|
I know a family who bought a place in 2006 in La Paz. Used Banorte for the fideicomiso. The following was the family's experience.
Banorte in La Paz has one guy that handles the fideicomisos. No one else will get involved, just him. He doesn't keep regular hours and never
returns calls. His staff never knows when he will be in for sure. It took 6 months to close the sale because of his ineptness. He lost a $1200 USD
check and all the related information that was given to him for the fideicomiso and he never communicated to the family nor to the family's La Paz
attorney that he lost everything. So the family waited, and waited, and waited until they tracked him down and then he told them about losing their
stuff. They then gave him a new check and the information. He did not act quickly, in fact the family attorney had other deals with him for a
fideicomiso and that she put in after this second submission to him and those closed before the family's deal. They hounded him until he finally did
what he was supposed to do. 6 months!
Now, the initial reason the family went with Banorte was because they were the cheapest and because Banorte has been around for a while and they are
one of the biggest of the Mexican banks. All the other banks were at least $100 more per year. Apparently, the guy at Banorte was the nicest guy
you would ever want to meet, speeks excellent English, just massively inept (like so, so many other so-called professionals in Mexico, in my
experience).
My real estate agent in Loreto told me a similar story. He said he had a client with a La Paz Banorte fideicomiso. The client told the agent that
she paid every year on time for the past three years but that she kept getting notices from Banorte that she hadn't paid anything. The agent met with
the Banorte fideicomiso guy, and, while in the office talking to him about the problem, the "guy" looked in his file cabinet at the clients folder and
found three uncashed checks. Need I say more? You won't have to hit me over the head should I need to select a Mexican bank for a fideicomiso.
[Edited on 4-21-2009 by MitchMan]
|
|
|
Marla Daily
Nomad
Posts: 418
Registered: 9-2-2003
Location: Loreto, BCS
Member Is Offline
|
|
Just another Bancomer experience to throw in the ring as you are choosing which bank to patronize:
A Bancomer "vice-president" named Jorge Zetina in charge of Fideicomiso transactions in La Paz (before and during Narda Canseco's tenure) lied to us,
cheated us, stole our money, and processed NO paperwork on a pre-existing fideicomiso to be transferred to us when we bought our house in Loreto. All
of this was done by Zetina sitting at his executive desk inside the main branch of Bancomer in downtown La Paz. We received receipts and naturally
assumed all was well when we left. Months passed. No calls were returned. Tick tock. $400 US in phone calls later (being put on hold; told he was away
from his desk, on vacation, with a customer, etc.), we finally flew to La Paz, only to be told he was "no longer" at the bank! Our receipts were
declared to be fraudulent and Bancomer's position: "If you want the fideicomiso transferred to your name, you have to start all over and pay all
over."
Eighteen years later we eventually succumbed. It was either that or walking away from our investment in our home. We still consider it a small price
to pay for the pleasures we continue to enjoy in our little piece of paradise south of the border. Just not quite as amusing as Jack Smith's 'God and
Mr. Gomez!
|
|
|
elskel
Nomad
Posts: 449
Registered: 10-9-2006
Location: Laguna Beach & Pescadero BCS
Member Is Offline
|
|
My fideicomiso is held by Interacciones. I have not had any problems. They send a bill every year. It has changed over the years, I used to send a
check to a po box in San Ysidro. I now pay directly in the "Fiduwhat" office in La Paz or CSL. I do believe you can send the check to the "Fiduwhat"
office in La Paz.
brian
|
|
|
msteve1014
Senior Nomad
Posts: 947
Registered: 12-2-2006
Member Is Offline
|
|
I hate these stories. I'm going to leave my place in Joels name and hope for the best. Ni modo.
|
|
|
![[*]](images/xmbforum/default_icon.gif){kind=icon}
