Bancomer is another PITA to deal with on Bank Trusts, No statements so when you want to pay it you don't know how much to pay.Wonder if any of those trusts are with HSBC? Almost impossible to deal with them, even making annual payments.
Did the buyers pay for the trust upfront at closing? If so who has the 10k?Most will be fine with the additional cost of 10grand or more. People do not realize that the simple absence of a CURRENT utility bill from the US will stop issuance of a Trust. Can happen when a realtor or so called broker is busy chasing new business and not following up on the paperwork of an existing sale. They already got their commission. Buyers need to take the time to understand the process and keep on top of things. I know of incidents where a buyer had possesion but no trust for 5 or 6 years and was not aware of that.
the 'cost' of a trust is not one lump sum paid to one single agency. The additional costs occur because of a variety of reasons but in general because of lack of follow up.Did the buyers pay for the trust upfront at closing? If so who has the 10k?
Good to see them acting proactively to avoid problems. Paying any fees to intermediaries is a bad idea. Take the time to pay direct. Literally millions have been stolen over the years by intermediaries.Dear customer:
We would like to inform you that HSBC México, S.A., Institución de Banca Múltiple, Grupo Financiero HSBC, Fiduciary Division, does not receive payments of monetary resources or cash through intermediaries or third parties with regards to the Fees and Administration of trust contracts.
HSBC does not have any business, commercial or contractual relationship with the following people: Jorge Cuadros, Javier Pompa, Real Estate Title and Nezter Solutions, therefore the above are not intermediaries authorized by HSBC México.
You can request the details for the payment of fees at the following electronic address:[email protected]
Hola where is your place? do you have your docs in order now? Feel free to contact me.Been in this situation with Remax and HSBC for over 2 years and I'm NOT happy! I have wanted to list my place and have my hands tied waiting for longer than I care to think about.