She is blaming everybody but herself and Pelican Partners based in Seattle. this could happen anywhere even in the U.S. if construction bills aren't paid and you leave your property in the developers name for 6 years... The Mexican court did it's job and awarded the contractor and worker's that weren't paid, what they had coming.... http://www.phoenixnewtimes.com/news/rocky-point-condo-owner-fights-eviction-in-lien-battle-7336617 It's not Mexico that is the problem, its the crooks that sell and the buyers that trust them....For New Times to print this is really irresponsible reporting...This is also one reason AMPI, doesn't recommend private contracts, anything can happen...
I read that and couldn't understand why she didn't get a trust in place once the condo was paid for. Given the size of that project and the money made by the developers I am surprised they haven't stepped forward and paid the money owed the workers to protect the condo buyers. The amount owed was less than a million dollars after the offset. I hope this gets resolved somehow short of folks losing their investments.
I read that and couldn't understand why she didn't get a trust in place once the condo was paid for
El Tiburon said:
. Given the size of that project and the money made by the developers I am surprised they haven't stepped forward and paid the money owed the workers to protect the condo buyers. The amount owed was less than a million dollars after the offset. I hope this gets resolved somehow short of folks losing their investments.
It was under 700k, and she alone paid them 350...The timing of the lien and the date of the purchase contract and where it was signed might help her in the U.S., but I think in Mexico its a done deal... unless the condo buyers settle, with the workers and the material supplier...If she had taken the time, to go to a notary and set up a trust, she wouldn't have this problem. The courts only care about the owner of record....
Why was hers taken rather than unsold condos or extra land...,seems very targeted....the other law suit might effect 11 condo owners ...why did they skate and she took the hit
Why was hers taken rather than unsold condos or extra land...,seems very targeted....the other law suit might effect 11 condo owners ...why did they skate and she took the hit
From what i've read and you know the 50- 40- 30 rule, she put money down in 05 and the condo's were not move in ready till 09, so she was one of the first, no unsold condo's, it is the best condo project on S/B.
Bare bone assessment, Lagrimas is correct. If some one owes you money you go to court to try to get a judgement against that party. A judgment merely says it is a valid debt but you have to collect the debt any legal way you can. If you find any assets in the name of the debtor you go after those assets to collect the money you are owed. File leins, etc. In this case they got a judgement in the US and found assets owned by the debtor (the condos still held in their name) and went after the assets in the Mexican court. Collection of the debt was probably more difficult than it would have been if the assets were in the US. Possible her name never came up in the colection proceedings. Seems to me she could have claimed an interest if she had a good attorney.
She is blaming everybody but herself and Pelican Partners based in Seattle. this could happen anywhere even in the U.S. if construction bills aren't paid and you leave your property in the developers name for 6 years... The Mexican court did it's job and awarded the contractor and worker's that weren't paid, what they had coming.... http://www.phoenixnewtimes.com/news/rocky-point-condo-owner-fights-eviction-in-lien-battle-7336617 It's not Mexico that is the problem, its the crooks that sell and the buyers that trust them....For New Times to print this is really irresponsible reporting...This is also one reason AMPI, doesn't recommend private contracts, anything can happen...
Wrong! No court in the U.S. would punish the third party like this. This is a complete miscarriage of justice. A judgement and confiscation of assets against the non-paying party should have happened, not asset confiscation of a third party buyer. Proper titling and title insurance should have sniffed this no -payment problem out. Lien releases should have been documented. Sad case. I agree with Jerry, why not award unsold condos instead of muddying up the water with sold condo owners. Who owns the project now? Why is New Times irresponsible? I think the article is great information for all potential buyers in Mexico. Mexico definitely needs to clean up its act with regards to titling properties, title insurance, liens and lien releases.
Wrong! No court in the U.S. would punish the third party like this. This is a complete miscarriage of justice. A judgement and confiscation of assets against the non-paying party should have happened, not asset confiscation of a third party buyer. Proper titling and title insurance should have sniffed this no -payment problem out. Lien releases should have been documented. Sad case. I agree with Jerry, why not award unsold condos instead of muddying up the water with sold condo owners. Who owns the project now? Why is New Times irresponsible? I think the article is great information for all potential buyers in Mexico. Mexico definitely needs to clean up its act with regards to titling properties, title insurance, liens and lien releases.
WRONG I as a lumber broker, dont get paid by the general contractor on a remodel and my paperwork is in order I can go after the third party (homeowner) and lien theyŕe house and someday get paid, by the third party...I have plenty of examples of that...About New Times, they only reported her side of the story... Her side is exactly what you shouldn't do...I agree with you about proper titling and title insurance sniffing it out, but apparently it never crossed her mind to do it..She took possession in 2009 and in 2014 noticed it was still in Pelicans name and a couple paragraphs earlier stated that she never attempted to get a trust, because she was waiting for pelican, so why would she act surprised in 2014 to see it still in theyŕe name...None of what she did makes any sense..If you think it does,then thats great too, I dont have a problem with that..P.S. why is it a great article for all potential buyers in Mexico? Everything was done wrong..One last note, I had a homeowner threaten to kill me when I notified him of a coming lien, because the contractor didnt pay me...But I got paid and by the 3rd party..
WRONG I as a lumber broker, dont get paid by the general contractor on a remodel and my paperwork is in order I can go after the third party (homeowner) and lien theyŕe house and someday get paid, by the third party...I have plenty of examples of that...About New Times, they only reported her side of the story... Her side is exactly what you shouldn't do...I agree with you about proper titling and title insurance sniffing it out, but apparently it never crossed her mind to do it..She took possession in 2009 and in 2014 noticed it was still in Pelicans name and a couple paragraphs earlier stated that she never attempted to get a trust, because she was waiting for pelican, so why would she act surprised in 2014 to see it still in theyŕe name...None of what she did makes any sense..If you think it does,then thats great too, I dont have a problem with that
I bet there are others in the same boat(she claims 3) and 11 lined up...she was constantly assured the paperwork is coming and all is well.A guy that lost all his money at Liberty Cove ended up hanging himself after finding out he was being lied to for years. A hitch hiker wondered why they didn't take one of the Macho Prieto units?
Wrong! No court in the U.S. would punish the third party like this. This is a complete miscarriage of justice.
dirtsurfer said:
A judgement and confiscation of assets against the non-paying party should have happened, not asset confiscation of a third party buyer. Proper titling and title insurance should have sniffed this no -payment problem out. Lien releases should have been documented. Sad case. I agree with Jerry, why not award unsold condos instead of muddying up the water with sold condo owners. Who owns the project now? Why is New Times irresponsible? I think the article is great information for all potential buyers in Mexico. Mexico definitely needs to clean up its act with regards to titling properties, title insurance, liens and lien releases.
You are also missing the point here, without forming her trust, there is no legal record of the purchase by her, the court had no idea the condo was sold, they arent mind reader's , they aren't punishing anybody, there is no legal record in the registry of her buying the condo...
But who chose her place rather than giving the HOA a chance to divide the 600k among themselves and pay up.....if you live there can you pitch in so this lady does not carry you? I couldn't sleep myself
Gotto love these laws where the end customer is always left holding the bag for those higher in the peeking order.
Sounds like we are living in Roman times with different levels of importance.
What ever happened to doing the right thing?
Oh, Duh, I forgot, Greed and Power always gets in the way.
Time to get, Off my Soap Box.:mad: I feel better now.;)
I have a safe full of judgments against people who owe me money. This is from the good ole USA. You pays your money you takes your chances......She did not do it correct. Many others have done the right thing and have no problems.......I won't plink 350k and not have papers to prove it....duh! Private contracts are suspect no matter where you do biz. She will be fine they won't evict but it will make sure that others will do things the right way...."oh we are in Mexico, there are no real rules" blah blah blah
I have a safe full of judgments against people who owe me money. This is from the good ole USA. You pays your money you takes your chances......She did not do it correct. Many others have done the right thing and have no problems.......I won't plink 350k and not have papers to prove it....duh! Private contracts are suspect no matter where you do biz. She will be fine they won't evict but it will make sure that others will do things the right way...."oh we are in Mexico, there are no real rules" blah blah blah
Russ,if Mexico was standing over your limbless torso wearing a hockey mask and reving her chain saw you would still give her a pass.What a screwed up country.,We let them buy the New York times and ever other condo in Aspen but when we want to buy a crappy beach house they get all crazy...then give us a bogus speeding ticket as we try to leave..
Whatever Jerry, She spent 350k, never got her name on a title and she is crying foul? I know her, she is a sweet, no I mean a super sweet lady than Naomi and I adore. Blaming this on Mexico is a wrong course. The Jackasses are Americans and they should have to pay for this and they won't because their lawyers found an out for them. By the way I have no limbs and barely a torso so I take offense to your comment. She has a beef with the Seattle firm not Bella Sirena........but in the big picture she should have had the condo in her name like she would have done in the States not in a private contract like she had in Mexico to avoid those pesky taxes....
We asked our office's long time Attorney for an opinion on this situation so maybe we can learn something. Bill T. asked her to look at the posts on this site because it looked like someone might have some dependable info. She reported tonight around 630 and said she had reviewed the posts. She says she can't find one post here that is " valid or based on any real knowledge of law in USA or MX in the area of cross border money claims ". She says it's complicated and some treaties might be involved and "much beyond the education or comprehension of people posting things here that sound correct ". She mentioned things like claims in personam or in rem, jusidictioners, etc. If we have anyone on this forum with any real creds about all this, lots of us would like to hear from you.
de nada. Professionals know silence is better than half-baked opinions about foreign liens, collections and knee jerk advice that is misleading to people hoping to learn something true. That's why no real professionals post advice here...they know they don't know enough to be an authority on any of this.
de nada. Professionals know silence is better than half-baked opinions about foreign liens, collections and knee jerk advice that is misleading to people hoping to learn something true. That's why no real professionals post advice here...they know they don't know enough to be an authority on any of this.
Your "professionals" are the ones that screwed our town up....
WRONG I as a lumber broker, dont get paid by the general contractor on a remodel and my paperwork is in order I can go after the third party (homeowner) and lien theyŕe house and someday get paid, by the third party...I have plenty of examples of that...About New Times, they only reported her side of the story... Her side is exactly what you shouldn't do...I agree with you about proper titling and title insurance sniffing it out, but apparently it never crossed her mind to do it..She took possession in 2009 and in 2014 noticed it was still in Pelicans name and a couple paragraphs earlier stated that she never attempted to get a trust, because she was waiting for pelican, so why would she act surprised in 2014 to see it still in theyŕe name...None of what she did makes any sense..If you think it does,then thats great too, I dont have a problem with that..P.S. why is it a great article for all potential buyers in Mexico? Everything was done wrong..One last note, I had a homeowner threaten to kill me when I notified him of a coming lien, because the contractor didnt pay me...But I got paid and by the 3rd party..
I have been in your situation and now remember and agree. You are right. I still want to know why this ladies property was singled out. Sounds like she did everything wrong but then if every purchaser did all of the proper paperwork would the contractors and suppliers get nothing? Lagrimas, as a GC I have had jobs that require me to make joint checks out to a sub and his suppliers and on many jobs the property is liened by the supplier and the sub right from the beginning as it should be. We go through a slow but awesome process of lien releases and signed statements regarding payments so as little as possible is left to question. In the case of this lady it seems like the entire project should have been assessed a fee and the HOA required to pay it.
de nada. Professionals know silence is better than half-baked opinions about foreign liens, collections and knee jerk advice that is misleading to people hoping to learn something true. That's why no real professionals post advice here...they know they don't know enough to be an authority on any of this.
Wow, how many "professionals" we're involved the sale of these condos, did the "professionals" seek full titling and title insurance? Did the "professionals" search for claims or lien releases? Most "professional" real estate brokers are focused on making the sale and getting their fee and are blissfully unaware of these issues.
We asked our office's long time Attorney for an opinion on this situation so maybe we can learn something. Bill T. asked her to look at the posts on this site because it looked like someone might have some dependable info. She reported tonight around 630 and said she had reviewed the posts. She says she can't find one post here that is " valid or based on any real knowledge of law in USA or MX in the area of cross border money claims ". She says it's complicated and some treaties might be involved and "much beyond the education or comprehension of people posting things here that sound correct ". She mentioned things like claims in personam or in rem, jusidictioners, etc. If we have anyone on this forum with any real creds about all this, lots of us would like to hear from you.
Hopefully a "professional" real estate agent was used in the purchase so the nice lady has someone to sue and collect from.
This is one of many, many bad experiences with the wrong type of professionals. In 2010, Roberto's office called, they had an offer for a house we had, we looked it over and agreed...The day of the close, we were instructed to go to the buyer's realtors office for the close. (that was a first for me). We had alway's gone directly to a notaries office. We go in the R.E. office sit down with our realtor and about 4 or five strangers, none of them notaries..One of the strangers, an attorney Fernando B., one was the office manager, one was a girl working with the attorney, one was the buyers realtor and one of the owners of the realty co, was present... We started asking questions, our realtor said she had never seen anything like this and it stank..... We were informed, that the attorney and the girl were assitsants for a notary in Guaymas, that had been doing closings and getting bank trusts for buyer's in a matter of a few week's. The buyers turned 2 checks over to they're realtor, one to form the fidicomiso en garantia or the guaranty trust... They wanted a guaranty trust, because they had set up payments with us.. with a guaranty trust it goes in to they're names with us as lien holders....The other check was for them and us...The check for the notary was made out to the attorney for 13000.00 dllrs, then they asked us for a check for El impuesto sobre la renta or capital gains tax also made out to the attorney.... After a few weeks of no reports we start calling the notary in Guaymas, they say they no lpnger work with Fernando the attorney and the girl never was they're assistant..... To make a long story, short... the buyers and us have become friends they're money was stolen, our capital gains payment was stolen... The house is still in my wifes name, the buyers continue to make payments and in May of 2016 when the note expires, I will be holding the buyers real estate co. liable for all the money lost and at their expense pay for a new bank trust for the buyer and pay my capital gains tax....Thats what happens when you deal with professionals other than directly with a notary..Bypass all professionals, except the Notary...
Roberto's office in this deal is innocent, the realtor that sold the house is innocent and a good person, the Realty office where the closing was held is, also innocent and probably lied to... but since they recommended handling the close at they're office, with those crooks, they need to foot the bill...P,S, I have been in court 4 times against professionals in Penasco and havent lost yet, but I was smart enough to get an attorney far from here, to handle my legal work.
"Yes, we should have, but in Mexico everything gets so time-consuming and complicated that one gets lax," she says. "Never again. No shit sherlock after you tell New Times and channel 5 news, that you are a victim of the mexican judicial system...I hope channel 5 will also report again..
.Bypass all professionals, except the Notary...[/QUOTE]
Truer words were never spoken when it comes to real estate transfers in Mexico. Most don't like to tell you, but other than what the Notario gets, you can and should pay directly, not through an intermediary. An honest broker will tell you where to go to pay if you want to do it yourself. There is no such thing as escrow in Mexico so don't be fooled by that. Most agencies have lots of ADP (Additional Dealer Profit - from the car sales business) items they like to buffalo people into falling for. One recently tried to charge and collect for an imaginary so called 'bridge purchase agreement' , a really hilarious escapade. The Notario will tell you what paperwork you have to provide to them, you don't need the 'closing department' or a realtor to tell you and to collect the paperwork and a hefty fee. An honest broker will tell you what you need to provide without an additional fee for doing so. Ask around and you will discover that millions have been stolen in prepaid Capital Gains taxes to so called local escrow/closing companies.
Yeah so your answer is? Millions have been stolen worldwide by banksters and lawyers, you have the answer? It's not just Mexico Roberto it is the idea of humanity, or inhumanity. People in it for themselves and nobody else, kind of sound likes politicians.....
Yeah so your answer is? Millions have been stolen worldwide by banksters and lawyers, you have the answer? It's not just Mexico Roberto it is the idea of humanity, or inhumanity. People in it for themselves and nobody else, kind of sound likes politicians.....
“The clearest example of corruption in Mexico at the moment seems to be President Peña Nieto himself,” wrote Francisco Goldman, in his “Crisis in Mexico” series for The New Yorker. “He cannot credibly explain how a relatively young civil servant from a middle-class family has managed to accumulate as much wealth as he has.” Mexico is 104 out of 173 countries on the corruption scale.....pretty bad
Am I out of line to speculate roberto, jerry, and most other wise owls who post as authorities on all things related to real estate in Rocky Point, have NEVER actually owned real estate in Mexico, and have no personal experience with ownership?
Am I out of line to speculate roberto, jerry, and most other wise owls who post as authorities on all things related to real estate in Rocky Point, have NEVER actually owned real estate in Mexico, and have no personal experience with ownership?
Am I out of line to speculate roberto, jerry, and most other wise owls who post as authorities on all things related to real estate in Rocky Point, have NEVER actually owned real estate in Mexico, and have no personal experience with ownership?
Interesting jerry...you are calling us names if we question your vast wisdom of all matters that matter. Delusions of grandeur... Ever hear of it ?
I recall Stuart banned bottom feeders who resorted to personal attacks. Might you might be going away soon ? This might be a good chance to establish a Santo Tomas Renters blog. You should be able to dominate that one.
Please tell all of us , who adore your advice , where and when you have actually had your name on any real estate in Mexico ?
While we are at it, tell us where and when, and which county in USA, you have ever owned some land in your own name. Use a second page if there are too many.
We don't expect you to give a real answer. Hiding in Mx is not a new idea.
That's personally derogatory, jerri. I think Stuart frowns on this. It's not too brilliant or intellectual.
It appears from your date stamp of 11:05 you are not in Sonora. In what zone are you?
Do you feel this might divert all of us waiting for a reply about your actual experience with ownership of real property ? 90 % of the members of this forum are way more smarter than you and me. They don't forget an unanswered, and fair question.
Yeah so your answer is? Millions have been stolen worldwide by banksters and lawyers, you have the answer? It's not just Mexico Roberto it is the idea of humanity, or inhumanity. People in it for themselves and nobody else, kind of sound likes politicians.....
joanC said:
That's personally derogatory, jerri. I think Stuart frowns on this. It's not too brilliant or intellectual.
It appears from your date stamp of 11:05 you are not in Sonora. In what zone are you?
Do you feel this might divert all of us waiting for a reply about your actual experience with ownership of real property ? 90 % of the members of this forum are way more smarter than you and me. They don't forget an unanswered, and fair question.
Without Jerry this blog-spot would dry up, turn into polvo and blow away with the very next chubasco.
JJ
At the risk of offending you JJ...It is because of the comments that Jerry sometimes makes that scare people from commenting, and when they do comment they are met with a firestorm of flaming vitriolic responses from him....ergo they quit the forum. Some of these people have some good information to share, alas we lose them because they actually don't want to share any info if it means they have to endure the hate filled negative responses.
This forum, from what I understand is to be a helpful service to those who live here, want to visit here, or just want information on Rocky Point (IE Rocky Point Talk), I do not think (I might be wrong here) that it was ever meant to be a police blotter or crime blog, there are plenty of those you can scour for (you know, perspiring minds want to know)
At the risk of offending you JJ...It is because of the comments that Jerry sometimes makes that scare people from commenting, and when they do comment they are met with a firestorm of flaming vitriolic responses from him....ergo they quit the forum. Some of these people have some good information to share, alas we lose them because they actually don't want to share any info if it means they have to endure the hate filled negative responses.
This forum, from what I understand is to be a helpful service to those who live here, want to visit here, or just want information on Rocky Point (IE Rocky Point Talk), I do not think (I might be wrong here) that it was ever meant to be a police blotter or crime blog, there are plenty of those you can scour for (you know, perspiring minds want to know)
It's sad really.
five, four three, two , one...........
How'd we ever end up with this drifter (Jerry) and his scaredy cat followers? yes you know who you are. The only way we can get down south is with the homeport cruises and these people have no clue about travel down south.
Joan: I own in Miramar and commercial in RP. I have owned in Cholla and in San Quintin B.C.
I own in Arizona both commercial and residential.
The point being made was that with "professional" people and companies making commissions off of a transaction there should have been much more exceptional, experienced, and expert advice on the transaction. In general, if a "professional" is taking any fee or commission on a transaction then they are liable for the success of the transaction.
That said, the transaction we are all discussing may or may not have utilized "professionals" and the buyer may not have followed the correct protocols. Typical buyers usually are not experienced so they rely on "professionals" to guide them. If the "professionals" err or provide bad advice then they should be liable.
How'd we ever end up with this drifter (Jerry) and his scaredy cat followers? yes you know who you are. The only way we can get down south is with the homeport cruises and these people have no clue about travel down south.
If you guys were getting groceries in the middle of Caborca mid week last month and the machine guns started barking you might have a different view.Over 20 bodies found in the area and who knows how many buried in the desert.Some are just people in the wrong place at the wrong time (I have a story that would be on the first page on AZ Central that I cannot share about risks of driving at night(keep it up Russ and you will get your customers killed some day). A "drifter" like me that has actually seen a lot of the world generally feels pretty safe even in a kleptocracy like Sonora but I just came upon men with machineguns a mile from my house while driving my ATV at night photographing the night sky.I hope it gets straightened out.
I am not all negative I just think the real estate community and the guys with local businesses are not being straight with visitors. Look at all the good information that has come out on buying a condo in Mexico after the Bella Sirena story appeared/Even hustlers like Joan started to provide valuable information.Hiding the dirty laundry just works for a while.
I was told the developers of Bella Sirena had all purchasers sign agreements that would only allow purchasers to sue the developers in Mexican courts for any issues. Someone mentioned in another post that Mexico does not allow piercing the corporate veil in order to go after individuals who hide behind corporate or LLC shells. To Dirtsurfer's point any "professional" realtor who participated in the transaction should be held liable for failing to do due diligence to make sure no issues existed that could harm the purchaser rather than just focussing on a commission. If the transaction in question involved a realtor I would focus on them as a source to recoup my loss for their negligence. Seems inconceivable a situation involving liens would go unnoticed in such a tight community as real estate agents. Just my opinion.
I was told the developers of Bella Sirena had all purchasers sign agreements that would only allow purchasers to sue the developers in Mexican courts for any issues. Someone mentioned in another post that Mexico does not allow piercing the corporate veil in order to go after individuals who hide behind corporate or LLC shells. To Dirtsurfer's point any "professional" realtor who participated in the transaction should be held liable for failing to do due diligence to make sure no issues existed that could harm the purchaser rather than just focussing on a commission. If the transaction in question involved a realtor I would focus on them as a source to recoup my loss for their negligence. Seems inconceivable a situation involving liens would go unnoticed in such a tight community as real estate agents. Just my opinion.
Most likely no realtor was involved in this transaction. As was mentioned in a previous post, developers don't typically use realtors; they have their own sales force.
still it would be interesting to know if real estate professionals that were part of the recent sales advised buyers of this legal chokehold and let them read that Pelican letter discussing the history of finishing the project and the vague note about Structural problems.
still it would be interesting to know if real estate professionals that were part of the recent sales advised buyers of this legal chokehold and let them read that Pelican letter discussing the history of finishing the project and the vague note about Structural problems.
True, like for the couple that was on the latest episode of House Hunters International. My bet is that they probably did and emphasized getting their bank trust in place promptly.
We took a walk through the grounds last week and were really impressed with the place. Everything was immaculate. The grass was like a golf course (and no, not like the grass at the Las Palomas course).
Jim addresses the issue in his current newsletter released today: Arizona News Outlets Wrongly Criticize Mexican Real Estate Ownership System
In typical fear mongering, sensationalizing fashion, a few "News" outlets are blaming the Mexican Government, the Mexican Real Estate Professionals, and just about everything Mexico for the troubles of a few owners at Bella Sirena Resort, here in Rocky Point, who are losing their condos due to a court proceeding in which unpaid workers won the case and seized assets of the original developers - who were still the legal owners of the condo or condos.
There is no denying that what happened was tragic to the few condo "owners" affected, but to cause the uproar and concern about investing in Mexico is so far out of bounds that it borders on ludicrous. It is easy to understand why the people affected reached out to news outlets - they no longer had any other recourse but to bring public attention to their situation in order to try and garner sympathy and, just maybe, someone will get involved and help just for the sake of stopping the bad press. As bad as I feel for them, that isn't likely to happen, and creating an unwarranted fear in others is not the way to make it right. Had they done things correctly, this problem would not exist for them today, period.
In Mexico, just as in the USA, to say that there are never problems with title, there are no shady deals, no bad Real Estate Agents, or no developers who don't pay their bills would be totally untrue, but legal problems are exceptionally rare when a Buyer, Investor, or even a Renter does their homework, follows the law, and uses only reputable representatives and attorneys. Things in Mexico do work a little differently than they do in the USA, but the way that a potential Buyer approaches a purchase should be exactly the same. Do you think that someone in the USA would go for several years without asking why a property has not been transferred into their names? I think not, but because this is Mexico, it becomes a problem of the System, the Government, and the Country, rather than a problem with a Buyer or Investor who didn't use due diligence before plunking down a bunch of money, or who didn't follow through with the correct procedure afterwards.
I'm sure that this story will eventually reach someone from the news or social media who will want to cause another stir and they will contact me to "call me out" on my statements. I will not be making comments because it is an absolute no-win situation. The way that things are twisted and distorted in most (maybe all) "News" stories, it wouldn't matter what I said. They would print what they wanted or what they thought would get the most attention anyway. I truly believe that there is no such thing as balanced reporting in this day and age.
Here is the truth: First and foremost, don't leave your common sense North of the Border. It just baffles me how people will spend money here in Mexico without checking things out and following the proper procedures - something that they would never ever consider doing back home. If you follow the rules, work with a knowledgeable professional with a good track record and reputation, and if do your homework, you can absolutely buy property in Mexico without risk - Just as it is in the USA. I started investing in and around Rocky Point about 15 years ago. I did it right and, guess what, I have never had a problem. My best advice is to always think Bank Trust (Fidecomiso in Spanish). That is your title and your proof of ownership. If you do not have a bank trust, you do not actually own the property. It also never hurts to consult with a reputable attorney. If you ever have questions as to what the proper procedure is, or if you ever want me to check our your individual situation, just let me know and I will be happy to help.
The Sonoran Resorts are the most rock-solid company on the beach (maybe in the State) and our three developers/partners are the same people that have been here since 2001. In our four fully completed developments, we have Zero liens on any of them. We have Zero cases in which someone could not get a bank trust. We have Zero lawsuits, pending lawsuits, or potential problems, and there are Zero outstanding debts on any of the Sonoran Resorts developer properties. We have over 14 years experience on Sandy Beach without any problems. You can find me in my office every day. You can find our CEO in his office every day. We are always here to help and to answer your questions.
If you want to work with a reputable company, it doesn't get any better than ours. All of our Sales Agents are true Buyer Representatives whose only job is to find and represent Buyers. Myself, and my Office Manager work with the Sellers. That way, both parties have fair representation. All transactions are supervised though a third party attorney - one that we recommend or one of your own choosing. We cover all the bases to keep you safe.
Sorry. You can see that I'm a bit passionate about this subject. I'll get down off my soapbox now...
Jim...pretty hard hearted....if I was that lady i would keep the pressure on too.I have contacted the designer of the resort to see if he knows how to contact the pelican guys...going to hire some guys off craigslist to protest in front of their new businesses. F them and the HOA at Bella. Who is next comes to mind..
Jim...pretty hard hearted....if I was that lady i would keep the pressure on too.I have contacted the designer of the resort to see if he knows how to contact the pelican guys...going to hire some guys off craigslist to protest in front of their new businesses. F them and the HOA at Bella. Who is next comes to mind..
The pelican guys are the ones to go after. Seems like the HOA did their part. Somebody posted something from an HOA Bella newsletter that encouraged owners to get their bank trust in place. What more are you expecting from the Bella HOA?
The pelican guys are the ones to go after. Seems like the HOA did their part. Somebody posted something from an HOA Bella newsletter that encouraged owners to get their bank trust in place. What more are you expecting from the Bella HOA?
You know when an old lady needs help in my tucson neighborhood we come together and help her.Some help with cash for materials,some paint and repair coolers,some drive her to hospital or doctors appointments....It is what neighbors do. The HOA are her neighbors,she has been described as a "super sweetheart" that could be saved if everyone in the building threw down 500 bucks.... just the fact that people do not get this speaks volumes about the Rockypoint Real estate community. It also is so damn stupid business wise. The "expat community saves old lady" story would have brought more sales than things like Jim's dumbass "granny shaming" blo.I say this as a guy that admires Jim and prays to Odin for his success.
Jim...pretty hard hearted....if I was that lady i would keep the pressure on too.I have contacted the designer of the resort to see if he knows how to contact the pelican guys...going to hire some guys off craigslist to protest in front of their new businesses. F them and the HOA at Bella. Who is next comes to mind..
It's not hard hearted at all. He's just telling it like it is. Follow the correct procedures and get your bank trust in place. Then there will be no problems.
You know when an old lady needs help in my tucson neighborhood we come together and help her.Some help with cash for materials,some paint and repair coolers,some drive her to hospital or doctors appointments....It is what neighbors do. The HOA are her neighbors,she has been described as a "super sweetheart" that could be saved if everyone in the building threw down 500 bucks....
Agreed, but this is no comparison. Seriously, you don't really think everyone is going to come to her rescue with $500 each???? She was encouraged to get her bank trust in place, but did not act on it. Why should the other homeowners there have to pay for that?
Agreed, but this is no comparison. Seriously, you don't really think everyone is going to come to her rescue with $500 each???? She was encouraged to get her bank trust in place, but did not act on it. Why should the other homeowners there have to pay for that?
I am an orginal owner at Bella. My first condo was at Sonoran Spa. Because of the great job they did on delivering a condo,I assumed that all developements would be like that, (For those of us who suffered thru the LP disaster, we were stupid). My loan was thru a company in Utah, so if something wasn't right, like the orignal trust, they just had it redone and billed me for it. Like a lot of other people, I loved the ocean and that was all I could see. I grew up in Hawaii but there was no way I could buy a place there and go once a month. We went down once a month and had a great time. Loved the ocean and my husband bought a golf member ship. And then it all started to fall apart. Is Bella perfect? No, but I have a very nice one bedroom with a great balcony that is famous for being were the shooters were perched to finish off the drug people. As we get older, we seem to go down less and less. Our kids don't want it. They want the Sunriver OR house. But we are going to go down in July for a few days and buy shrimp. We have so many favorite places to eat that we would have to stay a month. I have no trouble renting the condo and Seaside does a great job of maintaining it.
