tsgarcia69
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Registered: 8-11-2008
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Another land fiasco in Rosarito
http://www.bbstf.org/content/view/21/30/lang,en/
and
http://terrazasdelmar.net/default.aspx
and
http://ecosderosarito.com/history/376/1_5824.html
Title insurance sure would have avoided all that.
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gnukid
Ultra Nomad
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Registered: 7-2-2006
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I am unfamiliar with title insurance for mexican properties? Can anyone please shed light on the title insurance there and does it really help
property owners after the sale? Years later? How?
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palmeto99
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Registered: 7-15-2008
Location: loreto,BCS and East Coast USA (Spartanburg, SC)
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Mood: Trying to bring the worlds people together one post at a time.
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| Quote: | Originally posted by gnukid
I am unfamiliar with title insurance for mexican properties? Can anyone please shed light on the title insurance there and does it really help
property owners after the sale? Years later? How? |
Title insurance is available in Mexico and has been available from several years now . Although some of the companies providing these services may
look similar to most of us as american companies, they are american in name only .
After reading the fine print on the insurance provisions of your contract, You will find out very quickly that these companies will only pay out in
very limited cases.
Having your property qualify for a policy is still a great way of making sure your property paper trail or pedigree is sound because they inspect the
paper trail for you .
The advice I am about to give you is worth what you are paying for it.
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palmeto99
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Posts: 292
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Location: loreto,BCS and East Coast USA (Spartanburg, SC)
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| Quote: | Originally posted by soulpatch
Or, how about this.......don't spend or invest more than you can stand to lose in a country with such a f-cked up government...... kind of my
approach. And I have a landlord that I would trust with my family's lives.... but he ain't the government and they could f--k him just as well.
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It would seem based on recent happenings that your observations are way true.
The times are a changing in Baja.
The advice I am about to give you is worth what you are paying for it.
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Bruce R Leech
Elite Nomad
Posts: 6796
Registered: 9-20-2004
Location: Ensenada formerly Mulege
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Mood: A lot cooler than Mulege
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Read the fine print in your title insurance policy. it wont help you a bit in Mexico.
Bruce R Leech
Ensenada
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fishbuck
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Registered: 8-31-2006
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If you invest money in Baja with the attitude that you can afford to lose it if things go wrong then you probably will lose it.
The number one important thing is the same as the states. It's called due diligence.
Before investing know what you are doing and what is required to invest safely in Mexico.
A throrough title search is essential. An attorney and a notario are essential. A certified translator if you don't speak spanish is essential.
Do your research thoroughly. Don't take foolish chances. Don't trust anyone. Use legal documents that are enforceable through the mexican court system
if necessary. But if you do it right it is unlikely that will ever happen. Be careful and be smart.
And don't be afraid. Just cautious.
[Edited on 8-17-2008 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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Packoderm
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Maybe it would be better to just not buy in the prohibited zone? Is there such areas in Baja that is 100 kilometers from the border and 50 kilometers
from the coast? Maybe it's better to just give up on the beach and get a ranch instead, or will they try to screw you out of that as well?
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CaboRon
Ultra Nomad
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Location: The Valley of the Moon
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Mood: Peacefull
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| Quote: | Originally posted by Packoderm
Maybe it would be better to just not buy in the prohibited zone? Is there such areas in Baja that is 100 kilometers from the border and 50 kilometers
from the coast? Maybe it's better to just give up on the beach and get a ranch instead, or will they try to screw you out of that as well?
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Those apply to the mainland ....
The the whole of Baja California and Baja California Sur are in the exclusion zone .
You will have to find a ranchero on the mainland that is 50 klicks from the coast.
CaboRon
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palmeto99
Banned
Posts: 292
Registered: 7-15-2008
Location: loreto,BCS and East Coast USA (Spartanburg, SC)
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Cabo Ron is correct in that all of Baja falls into the forbidden zone so to speak. I have friends on the mainland that are inland and own their
property outright with no problem. There also seems to be a lot less resentment among the local people about the americans buying property there. The
people of Baja have a history of not accepting people from the mainland of Mexico buying the land and not just the americans.
[Edited on 8-17-2008 by palmeto99]
The advice I am about to give you is worth what you are paying for it.
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