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.
She say's don't invest in Mexico...I say at least not like she did....
- Thread starter lagrimas85
- Start date
jerry
Guest
Your "professionals" are the ones that screwed our town up....
dirtsurfer
Guest
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.
dirtsurfer
Guest
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.
dirtsurfer
Guest
Hopefully a "professional" real estate agent was used in the purchase so the nice lady has someone to sue and collect from.
lagrimas85
AKA Carnac
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...
lagrimas85
AKA Carnac
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.
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lagrimas85
AKA Carnac
http://www.phoenixnewtimes.com/news/rocky-point-condo-owner-didnt-follow-mexican-rules-fellow-owner-says-7343516
Peckenpaugh acknowledges to us today that she made mistakes and should have put a trust together.
"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..
Peckenpaugh acknowledges to us today that she made mistakes and should have put a trust together.
"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..
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Roberto
Guest
.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.
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.
mexicoruss
Lovin it in RP!
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.....
jerry
Guest
“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
Estero
Guest
Yes
Roberto
Guest
Yes. Wrong big time on both counts.
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.
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.
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.
Mexico Joe
Cholla Bay 4 Life
Jungle Jim
Guest
I SECCUND de MOSHON.....
Without Jerry this blog-spot would dry up, turn into polvo and blow away with the very next chubasco.
JJ
Without Jerry this blog-spot would dry up, turn into polvo and blow away with the very next chubasco.
JJ