The End of the Trust?
Foreigners in Mexico are currently restricted from direct ownership of property in Mexico’s so-called “restricted zone,” which stretches 50 kilometers from the ocean or 100 kilometers from international borders. Article 27 of Mexico’s constitution sets forth an alternative: the trust, or fideicomiso, which provides safe and secure ownership through a bank trust. The trust guarantees the rights of the foreigner but also protects the interest of Mexico since the foreigner must agrees to not ask his or her own government to intercede in Mexico’s...
read moreGroundbreaking Ceremony of Copala at Quivira Los Cabos
The formal groundbreaking ceremony was held at sunset on Wednesday, October 23, 2013, at the sales office of Quivira Los Cabos in Cabo San Lucas. Sales awards were given to the top in-house salespeople and the top real estate brokers. The project is led by the excellent team of Heriberto Malcampo and José Luis Mogollon. The event featured special guest Lic. Rubén Reachi Lugo, secretary of tourism for Baja California Sur. He said that he was very proud to be a part of this event. Quivira is an example of the good things that are happening...
read moreCabo Riviera: The Summer Update
Cabo Riviera—the luxury master-planned community development project on the East Cape of Los Cabos—just released its July-August newsletter, and we have reviewed it to bring you all the latest updates. The tournament fishing season is fast approaching, and the Cabo Riviera marina is booked solid. To have your name added to the waiting list for a spot or to get additional information, Cabo Riviera invites people to e-mail them at info@caborivieramarina.com. Cabo Riviera invites residents to visit its beach club in order to enjoy views of the...
read moreUnderwrite Mexico – New Los Cabos Real Estate Business
Economic changes worldwide have resulted in a real estate marketplace in Mexico where no mortgage product exists for US and Canadian citizens. As a result, many sellers are reluctantly considering acting as “The Bank” and offering private financing, but are doing so without carefully analyzing the risk of the buyer or without professional mortgage or legal advice on the correct way to structure contracts and the final deed in order to protect the interests of the seller. UM fills this need by providing both such services. The first launch of...
read moreMastering the Art of Living Well: Copala Sets the Standard on Cabo’s Pacific Riviera
From its opulent hotels overlooking the golden sands of Médano Beach and the glittering blue waters of the Sea of Cortés, Pueblo Bonito has expanded its reach to the shores of the Pacific—not only with the plush and pampering Pacifica and Sunset Beach resorts but also with what might be the luxury brand’s masterpiece: the master-planned community of Quivira. Situated on 3.1 miles of pristine Pacific coastline less than a mile from downtown Cabo San Lucas, Copala is the newest jewel in Quivira’s crown. The 24-acre hillside property...
read moreAssocia Mexico Realty Services Adds Communities
Associa Mexico Realty Services Adds Two Premier Communities SAN JOSE del CABO, Mexico – May 20, 2013 – Associa Mexico Realty Services, an Associa company, proudly welcomes two new additions to its growing association management portfolio for the Los Cabos area. “We, at Associa Mexico, pride ourselves on delivering world class service to our clients,” said Chris Larsen, CEO of Associa Mexico. “Throughout the area, we are the management company of choice for discerning associations. We are pleased to welcome these beautiful new communities and...
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