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bajabound2005
Ultra Nomad
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Location: Punta Banda, BCN
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1000 Rosarito families face eviction?
This was posted on our local Yahoo group yesterday. Anyone have any further info?
1000 Rosarito families face eviction?
Latest News
Written by Baja Free Press
Monday, 11 May 2009
Rosarito, Baja California, Mexico - Yesterday members of the Terrazas Del Mar Homeowners Association met and discussed their impending eviction as a
result of several fraudulent real estate transactions which began with Grupo Lagza and its owners Ricardo Zazueta and Carlos Lagos Yagues. Some had
tears in their eyes and some faces were red with anger.
Residents stand to lose millions of dollars in land and materials used to build their homes over the past several years. UNICRECORPE was a small
credit union who loaned money to the original owner of the property and is now dead. Lagza sold the properties to hundreds of families knowing they
had a lien against them. The loan which was secured by all of the properties in Terrazas Del Mar is now being called and the whole caotic problem is
being reviewed by a group of magistrates in Mexicali and a final decision is to be made on Tuesday May 12th. It takes three magistrates to decide in
favor of the credit union but if just one of the magistrates decides against credit union then the residents will win.
One resident said "if they think the swine flu affected the mexican stock market wait until this hits the press." Many believe that if the story
reaches China it could drastically affect how this Chinese are currently viewing Baja as a potential place for investments.
Many American residents are angry and have expressed their desire to continue with public protests which were going to happen last summer but Carlos
Lagos Yagues and his attorneys Lic. Contreras met with Mayor Hugo Torres and signed an agreement to begin refunding money to property owners and/or
replace their properties with one of equal value in other areas being sold by Grupo Lagza. Residents state that Grupo Lagza has not come through with
their agreement.
One resident stated "If all goes negative against us we will continue with protests planned last summer." These protests include marches in Rosarito,
and at the Mexican Consulate offices in San Diego and Tijuana. They stated that a plan to protest at the border to stop all traffic from going into
Mexico may also be held in order to gain bi-national awareness of the fraudulent real estate transactions that occur in Mexico. Other groups will be
passing out flyers to warn people to not buy real estate in Baja. Sales people from Grupo Lagza continue to sell parcels in Terrazas Del Mar without
informing prospective buyers of the impending decision. Terrazas Del Mar residents have many groups involved in the U.S. who are sympathetic to their
cause.
According to sources who wished to remain annonymous, Carlos Lagos Yagues, and Ricardo Zazueta Villegas have personal ties with Jorge Hank Rohn former
mayor of Tijuana who also has ties with the Arellano-Felix cartel. Ricardo Zazueta Villegas is currently running for the political position with PRI
of Diputado District 8 which covers Rosarito and Tijuana. Many believe that he is being backed monetarily by the Arrellano-Felix cartel in order to
gain control in government to ease the flow of drugs to the U.S.
Since the new mayors of Tijuana and Rosarito have been working with the new President of Mexico Felipe Calderon there have been several arrests and
the drug cartels have been loosing ground. By having the cartels backing PRI they can regain the territory lost and once again have better ease in
transporting their shipments of drugs to the U.S.
Some have expressed their desire to have the FBI investigate Carlos Lagos Yagues and Ricardo Zazueta Villegas as both have properties in the San Diego
area. Others stated that they may file a complaint with the Postmaster General for mail fraud as some were making payments to Carlos Lagos Yagues to a
post office box.
Sent in from the Baja Free Press.
Friends don't let friends drink white zinfandel.
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wilderone
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This would make a good movie.
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surfer jim
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Yes, what a mixture of "interesting" people....lawyers, politicians, and drug cartel ....
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Gaucho
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Two words:
Title insurance
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mtgoat666
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| Quote: | Originally posted by bajabound2005
1000 Rosarito families face eviction?
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In the US, title is usually clear, and we buy title insurance.
In Mexico, most title is clear as mud, and it seems few people obtain useable title insurance.
Mexico needs title reform, or needs real/useable title insurance.
I understand that buyers can now get title insurance in Mexico, but has anybody ever heard of a title insurance policy payout in Mexico??
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DENNIS
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Would a title insurance company underwrite anything or anybody if they weren't sure the title was clean and clear? Hard to believe they would in
Mexico.
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Bajahowodd
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There are several US based title insurers that have been writing in Mexico for quite some time. One would think that if they breached their duty,
Americans would have recourse in US courts. That being said, I do have to wonder if these same companies have not established some sort of firewall
regarding transactions South of the border.
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coho
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Can you imagine the nightmare at the border that a sitdown protest will cause. After experiencing a teacher sitdown protest in the city of Oaxaca in
January, this is not a pleasant experience for travelers.....but one of the best ways to gain publicity. This one needs to be on President Calderon's
desk pronto....a federal bailout if necessary! The loss to future investment in Mexico would be staggering. To the homeowners: Many anxious Nomads
will be watching and wishing for a speedy resolution.
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Eugenio
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Foreigners can't protest in Mexico (Article 33) - does anyone know the ratio of Mexican/Foreigner owners? I've been by the place but really don't know
anyone who lives there.
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DENNIS
Platinum Nomad
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| Quote: | Originally posted by bajabound2005
They stated that a plan to protest at the border to stop all traffic from going into Mexico may also be held in order to gain bi-national awareness
of the fraudulent real estate transactions that occur in Mexico. |
I hope they don't think the US will allow them to stop southbound traffic on the US side.
All of this brings back sad memories of Punta Banda. When will people learn?
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Cypress
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Same old song and dance. I thought? My title was clear?
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wilderone
Ultra Nomad
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I'm not so sure a title search would have uncovered a credit union loan against the property. In order for that to become known, there would have to
have been a recorded deed of trust in the credit union's favor, which is then in the public domain (to be searched and found) (like any second trust
deed or equity loan). And if the title company wasn't at fault in failing to find this lien and property encumbrance, then they won't pay out. Works
both ways, however. What did the credit union have that lawfully puts the land in their hands? No deed of trust? Not recorded? What's the nature of
the lien? Why didn't the credit union speak up when its land was being sold?
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Woooosh
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| Quote: | Originally posted by wilderone
This would make a good movie. |
just another sequel.
\"The only thing necessary for the triumph of evil is for good men to do nothing\"
1961- JFK to Canadian parliament (Edmund Burke)
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Woooosh
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| Quote: | Originally posted by Eugenio
Foreigners can't protest in Mexico (Article 33) - does anyone know the ratio of Mexican/Foreigner owners? I've been by the place but really don't know
anyone who lives there. |
Foreigners can't protest political issues, I'm not so sure about being able to protest civil issues like this.
Besides.. this protest would be 100 times more effective on the USA side of the border at San Ysidro- where the press still exists (for now anyway).
Count me in! I can lay down and nap almost anywhere at my age 
[Edited on 5-13-2009 by Woooosh]
\"The only thing necessary for the triumph of evil is for good men to do nothing\"
1961- JFK to Canadian parliament (Edmund Burke)
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Paulclark
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Would you buy a property with a lien on it in the US? Why would you buy one in Mexico where liens are a matter of public record. Don't leave your
comon sense at the border.
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CaboRon
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The Rip Off Country
| Quote: | Originally posted by Cypress
Same old song and dance. I thought? My title was clear?
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Do NOT buy property in mexoco ....
This is NOT a country with the rule of law ....
Do NOT trust mexicans ....
Their country is totally f***ed up ...
Don't people ever learn ..... 
Do NOT buy property in mexico ....
This just happens over and over again ...
Quit supporting this scumbag country and warn your fellow Americans .....
CaboRon
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wilderone
Ultra Nomad
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Evidently, the credit union was located in Sonora. But why isn't Zazueta in jail right now for selling property that he knew wasn't his to sell? Did
the credit union tell him to sell it knowing later that they would pull this lien scam? Yeah, the FBI should raid his Chula Vista home just for kicks
- see how he likes having his home compromised. Regardless, how can this crook run for public office?
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Bajahowodd
Elite Nomad
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Whatever became of the crook who sold the homes in Punta Banda?
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fishbuck
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How and where exactly does one investigate if there is a lien or claim against a piece of property in Mexico?
"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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Woooosh
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| Quote: | Originally posted by CaboRon
| Quote: | Originally posted by Cypress
Same old song and dance. I thought? My title was clear?
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Do NOT buy property in mexoco ....
This is NOT a country with the rule of law ....
Do NOT trust mexicans ....
Their country is totally f***ed up ...
Don't people ever learn .....
Do NOT buy property in mexico ....
This just happens over and over again ...
Quit supporting this scumbag country and warn your fellow Americans .....
CaboRon |
Sadly it's all true. Such a beautiful lawless piece of real estate Baja Norte is.
Realtors show buyers letters of "tentative Approval of Title Insurance" from companies like Stewart- but getting the actual title policy isued is a
whole 'nother animal. Of course the letters are in Spanish with the Stewart Title name and logo- the only thing people focus on. It looks good
enough to most people.
IMHO the only way to buy a lot is from a private party who holds the escritu or title. Get the title transferred to you by the notary and let the
dust settle. We bought our lot from a French national and the process was very straight forward. It takes more time up front to seperate the land
from building- but you sleep a lot better. That leaves most condo complexes, expat communities and pre-sale developments out- but that's where the
sharks, speculators and HOA-hellraisers cast their evil nets in my experience. They can turn your dream of retirement bliss into something totally
different.
[Edited on 5-13-2009 by Woooosh]
\"The only thing necessary for the triumph of evil is for good men to do nothing\"
1961- JFK to Canadian parliament (Edmund Burke)
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