Can anyone tell me how long it takes to get the trust recorded with the city? I signed the final documents after everything came back from the bank and approved but then it had to be recorded by the city. This was the beginning of September 2013 and it's been almost four months. The nortorio keeps saying its with the city and will be next week but he has been saying that for over 3 months. And says they a slow. Now the city is about to go on holiday till the first of the year. If anyone can let me know what the normal time frame to get it recorded is I would be so graetful.
Paul, below is movement that is being put together by a Cholla resident to help other residents like you and me to get their trust finalized. Believe me you're not the only one going through this. The more people involved in this the better.
"Good morning,
it had been a while since I had anything to report but we have been working none stop behind the scene. I thought we had lost ground for a while when SBR said they were going to cancel the master trust. Believe me, this was not a good thing, I do not want to give you to much information that will just get confusing, I just want to stick to what the end results we are striving for.
We have regrouped and are ready for round 2 but with allot more help this round.
Lets look at what is on the table for this month.
1) we have to re negotiate with the city and federal government. This is a new year and the deal we had on the table from last year has expired.
When apply for a Bank trust, there are allot of fees involved . It can run between 4-8 % closing cost. Every body has a fee. some of those fees are negotiable and some are not.
That being said, let me explain where your 4-8 % percent comes from. It is similar to closing cost when you buy a home in the states., the big difference is , you can roll those fees into a loan and you never even see those fees. Since there really is no financing for housing yet in Mexico,,, you know the rest. Lets finish talking about fees and then we will talk about legal process.
A) 2% is a transfer tax on the total value of your home and your land. Both are taxed separately but at 2% for now , unless we get another tax hike. This is where the negotiations with the city and federal agencies come in. What we had on the table last year was to only tax 2% of the land and not the house. (The house will be in the further when sold). Pay now or pay latter.
B) .0078 % record fee and if goes above a monetary limit , it goes up for a luxury tax.
c) $1,400.00 just for the banks processing fee( maybe negotiable) if our group is large enough.
D)$ 800.00 and up for a Notario (in Mexico, a Notario is higher than a judge). The process cannot be touched , with out one.
E)$ 45.00 lien release
F).50 % recording fee
When it is all said and done there is an annual fee that you pay. It was 350.50 but now it is 409.00 and up to 700.00. We can negotiate this fee with a larger group.
Here is the hard part. We as a group have a voice. Our group of 70 have been on the list for a year and all the parties involve have your applications that worked so hard on last spring and through the summer. This is a new year and I have to resubmit them again, that is just the process.
Now that we have the basics covered, lets talk about some options and goals for 2014.
This Tuesday will be our first meeting for 2014.
This is the legal team we have set up to process your Bank trust and we have the approval of SBR and Bancomer.
Legal Team for us: Mr. Manzo Taylor (Natario)
Mrs Daniela Manzo Taylor (Natario Asst
Legal Team for SBR Mr. Hector Ramierez (lawyer)
Mr, Reyel Taylor
Mr. Elizae Jeimez (Natario)
Bancomer: Mr. Rodolpho
City and State: to be determined after this months meeting.
We will be in Hermosillo for 3 days in meetings starting the 6th of Feb.
After these meetings , I will have a general meeting with our legal team and possibly a Lawyer from Phoenix. City and Federal officials. Part of the requirement is to have your taxes paid. I will be placing an add in the paper and some media to call on the 700 people that do not have a bank trust to get involved and get on board. Time is running out, we only have this political regime for another year and a half.
Also, we have disused the possibility of a group law suit if it comes to that. We had a Lawyer , that is licensed in the US and in Mexico. Their firm just recently won the first law suit against the Mexican airlines. They did a case study on cholla bay over the summer and have options, should it come to that. It is more economical to fight in a group than by your self.
I will be looking for volunteers to help pass out information and take in information at this big meeting. (THIS IS NOT A HOME OWNERS FUNCTION).
Please let your neighbors know about this further meeting in March 2014."
Sincerely,
Tavane McCombs
Tavane McCombs
(
ROCKY POINT REALTY AND SERVICES
A. ELIASE CALLE #6
602-759-9414 Office
638-388-7373 Office
638-384-6143 Cell
