Katiejay99
Nomad
Posts: 429
Registered: 9-3-2008
Location: Todos Santos
Member Is Offline
Mood: it is what it is
|
|
Todos Santos house for sale
not for sale
[Edited on 8-13-2011 by Katiejay99]
|
|
|
bacquito
Super Nomad
Posts: 1615
Registered: 3-6-2007
Member Is Offline
Mood: jubilado
|
|
| Quote: | Originally posted by Katiejay99
House for sale in Todos Santos. $80,000 usd. Pacific Ocean, Punto Lobos and city views. Sits on top of a hill, dead end street, close to downtown.
View more at: http://www.mystickathy.com |
Thanks for the information re. constancias. We purchased a lot through an ejido in my wife's name and obtained the constancia which we have in a
security box at our bank.
bacquito
|
|
|
castaway$
Senior Nomad
Posts: 742
Registered: 7-31-2007
Location: Gold Hill, Oregon
Member Is Offline
Mood: Fish on!
|
|
So what I read into your description of a Constancia is that it is an interim vehicle for ownership given to you by a Mexican national until the
development is complete and the Ejido signs over the titles to the properties. Then would a foreigner be required to obtain a fidecomiso? I'm not
clear about what happens when the Ejido finalizes the subdividing and all properties have been paid for in full, as I understand it (and I may be
wrong) title to property in Mexico cannot be transferred until full payment is received. At this point does the Mexican national step aside and give
title to the trustee so a Fidecomiso can be established with me?
|
|
|
Bajajack
Banned
Posts: 370
Registered: 5-20-2007
Location: Arizona
Member Is Offline
|
|
If someone even mentions
"presta-nombre" run like hell, do otherwise and you'll be giving a mexican a free house.
\"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
|
|
|
Osprey
Ultra Nomad
Posts: 3694
Registered: 5-23-2004
Location: Baja Ca. Sur
Member Is Offline
|
|
What do we do if someone mentions "Bajajack"? Give us some more of your sage advice, seņor.
[Edited on 9-21-2008 by Osprey]
|
|
|
KAT54
Nomad
Posts: 263
Registered: 3-7-2006
Member Is Offline
|
|
Isn't a "presta-nombre" illegal???
|
|
|
Osprey
Ultra Nomad
Posts: 3694
Registered: 5-23-2004
Location: Baja Ca. Sur
Member Is Offline
|
|
Kat, I'll leave that question for others. You really need to restate the question in a way directed toward civil law in Mexico, in the U.S.,
worldwide, etc. etc. you get the point. Just to finish my thoughts about Bajajack's remark -- he usually just spouts verbal redneck remarks like his
signature. I might have missed some but it seemed to me that now he is going to tell us all about buying, holding, selling realty in Mexico. Can you
feel the suspense building? kinda puts me on a fact finding vector: How much land to you have dominion over in Baja Jack? How did you come by the hard
won immutable facts you are dying to give us about lots, land, hectares in Baja California?
[Edited on 9-21-2008 by Osprey]
|
|
|
DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
|
|
He's thinking.
|
|
|
woody with a view
PITA Nomad
Posts: 15939
Registered: 11-8-2004
Location: Looking at the Coronado Islands
Member Is Offline
Mood: Everchangin'
|
|
we're waiting.....
|
|
|
Shark18
Banned
Posts: 79
Registered: 5-4-2007
Member Is Offline
|
|
| Quote: | Originally posted by Osprey
Kat, I'll leave that question for others. You really need to restate the question in a way directed toward civil law in Mexico, in the U.S.,
worldwide, etc. etc. you get the point. Just to finish my thoughts about Bajajack's remark -- he usually just spouts verbal redneck remarks like his
signature. I might have missed some but it seemed to me that now he is going to tell us all about buying, holding, selling realty in Mexico. Can you
feel the suspense building? kinda puts me on a fact finding vector: How much land to you have dominion over in Baja Jack? How did you come by the hard
won immutable facts you are dying to give us about lots, land, hectares in Baja California?
|
Bajajack has given his opinion of the transaction and the "presta nombre", Osprey. Now instead of insulting him, why don't you prove how smart and
knowledgable you are and tell all of us why he is wrong and precisely what the law is in this area?
Be specific. Tell us how the "presta nombre" would be enforceable in a Mexican court. Tell us what happens if the person who "presta-ed" his nombre
drops dead and how you would enforce that on his heirs. Tell us how you can get a Mexican court to give an order granting you title in a property
Mexican law says you cannot own if he refuses.
We're all ears.
|
|
|
Bajajack
Banned
Posts: 370
Registered: 5-20-2007
Location: Arizona
Member Is Offline
|
|
Kinda quick on the trigger
| Quote: | Originally posted by Osprey
Kat, I'll leave that question for others. You really need to restate the question in a way directed toward civil law in Mexico, in the U.S.,
worldwide, etc. etc. you get the point. Just to finish my thoughts about Bajajack's remark -- he usually just spouts verbal redneck remarks like his
signature. I might have missed some but it seemed to me that now he is going to tell us all about buying, holding, selling realty in Mexico. Can you
feel the suspense building? kinda puts me on a fact finding vector: How much land to you have dominion over in Baja Jack? How did you come by the hard
won immutable facts you are dying to give us about lots, land, hectares in Baja California?
[Edited on 9-21-2008 by Osprey] |
there aren't you Ospray, or are you rootin for the crooked realtors.
Any honest Notario will tell you a contract like that isn't worth 2 pesos, any litigation between you and the Nombre will automatically be granted to
the Nombre because he has a binding contract and you don't, he gets the property and you get zip, end of story.
\"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
|
|
|
Chris Holmstead
Banned
Posts: 34
Registered: 1-3-2004
Location: Spartanburg, SC (after July 4, 2008)
Member Is Offline
|
|
Instead of crapping all over BajaJack, Lets look at the history of these transactions in Baja. They are only as strong as the economy is weak,its
easy to explain.
If you buy from an Eijdo member and are waiting for the title to be sent to the member in question, you better pray that the land values do not go up
and the greed of that member does not change in the meantime.
Nothing stops the member or the President of the Eijdo from blocking the sale if they think the member sold it for not the fair market value they
determine or another member wants it for the same value you paid in which it will transfer to the other member of the Eijdo for the same value that
you thought you paid for the land in question.
There is no protection whatever for this transaction.
Please see a real and competent mexican lawyer who you will give you the brass tacks on this deal.
It will be the best $300.00 DOLLARS you have ever spent.
That is the painful truth.
|
|
|
![[*]](images/xmbforum/default_icon.gif){kind=icon}
