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Nesgroup address: biz.marketplace.real-estate - Date & Time for the message: Tue, 10 May 2005 20:32:25 -0500
/ Author of the message: "Baja Yachts & Villas" |
Title of the message: |
Re: Baja beachfront property - 23,000 acres with 26 miles of beach
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Text of the message: |
> How do you get around Mexico's constitution, not allowing foriegners to own beachfront land? Buyers can either establish a 100 percent foreign-owned Mexican corporation that holds title to the property, or the buyer can establish a bank trust (fideicomiso) in which a Mexican bank acts as trustee and holds title on behalf of the foreign citizen, who has all of the rights of an owner including selling, renting, improving the property, etc. The bank trust (fideicomiso) mechanism was established to work around the Mexican Constitution without requiring a constitutional amendment. The system has been proven to be secure for all parties -- U.S. title insurance companies issue policies regularly in such cases. There is very good article that explains this in detail at:: http://www.century21baja.com/buying-property.shtml Thanks. . |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.