Ejido lots in Troncones

by Gringo Viejo @, Kansas, Saturday, October 28, 2017, 10:01 (27 days ago)

Anyone with experience in purchasing this type of property in Troncones area? Buyer would be Mexican not Gringo.

Ok to send private email, click on envelope next to my name, above.

I know it is a "sticky wicket" at best. I have read a lot on the internet, all taken with a grain of salt.

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Ejido lots in Troncones

by Curbarn, summer b.c. winter zihua, Monday, October 30, 2017, 15:34 (24 days ago) @ Gringo Viejo

I have bought and sold two properties two lots on South of Zihuatanejo just south of the Airport, near restaurante diamante. Yes purchased in a Mexican name. Augustin Galindo was helpful. there were no issues on either end of the transaction. In the end, I sold them as I purchased when the Canadian dollar was very high and sold when the USA peaked end in November 2015. The currency gain was not taxable in Mexico as all transactions were in US Dollars. Nothing earth shaking, no problems.

Ejido lots in Troncones

by Gringo Viejo @, Kansas, Monday, October 30, 2017, 15:57 (24 days ago) @ Curbarn

Thanks for input. Galindo says the paper selling owner has is "clean and OK". Di you go the final steps of going thru the Notaria? Which one?

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Ejido lots in Troncones

by Curbarn, summer b.c. winter zihua, Monday, October 30, 2017, 17:55 (24 days ago) @ Gringo Viejo

As the title or lack of was in my Mexican friend's name all paperwork was handled by him. I just paid the cash and received the cash. I have known my friend for 34 years. He lives in Canada, hasn't been to Zihua in years. The Ejido representative came to me with the buyers, For which I paid him a 2.5% commision.

Ejido lots in Troncones

by Gringo Viejo @, Kansas, Monday, October 30, 2017, 19:34 (24 days ago) @ Curbarn

Acually you never completed the buy or the sell process. Somewhere down the road someone will get tripped up and may or may not be able to get a clear title. There are many horror stories of gringos "buying" a lot and building on it and then learning they don't really own it. Try googling "Can I buy ejido land in Mexico?"

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Buying Land from Ejidatarios

by ZihuaRob ⌂ @, Zihuatanejo, México, Monday, October 30, 2017, 20:34 (24 days ago) @ Gringo Viejo

Acually you never completed the buy or the sell process. Somewhere down the road someone will get tripped up and may or may not be able to get a clear title. There are many horror stories of gringos "buying" a lot and building on it and then learning they don't really own it. Try googling "Can I buy ejido land in Mexico?"

My wife is selling undeveloped ejido lots, and all sales are with clear title. Some at La Ropa, others in La Majagua. Many ejidos or parts of them have been broken up into individual private lots. Once an ejidatario has title to a lot, la escritura, then they can legally sell it and the sale is binding. The problem arises when ejidatarios DON'T have an escritura to a lot they sell. Often what they sell are the rights to the lot pending escrituración.

If you want a lot in Troncones see Dewey. He's the guy. :dude:

Real Estate in Zihuatanejo, Ixtapa, Troncones & Barra de Potosí

Buying Land from Ejidatarios

by Gringo Viejo @, Kansas, Tuesday, October 31, 2017, 08:17 (24 days ago) @ ZihuaRob

The bottom line is when you have a "Deed" or "itle" or whatever you want to call it is duly completed and you will actually "own" the property. These pieces of paper that people are waving around as Titles are more like a Bill of Sale and do not convey full ownership. Mexican Real Estate Law is different from that in the U.S.A.

Once again I would think it a good idea to do a google search "Is it possible to buy ejido land in Mexico".

And, Rob, I don't mean to say what your wife is doing is illegal or is even under a shade of a cloud. What I am saying is until a person completes the entire complicated process thru a Notoria they do not have clear and unencumbered property. Just one off the many steps is to pay and have proof of payment of all property taxes-many "buyers/sellers" do not do this important and property taxes in arrears can amount to tens of or even hundreds of thousands of dollars.

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Buying Land from Ejidatarios

by ZihuaRob ⌂ @, Zihuatanejo, México, Tuesday, October 31, 2017, 09:34 (24 days ago) @ Gringo Viejo

The bottom line is when you have a "Deed" or "itle" or whatever you want to call it is duly completed and you will actually "own" the property. These pieces of paper that people are waving around as Titles are more like a Bill of Sale and do not convey full ownership. Mexican Real Estate Law is different from that in the U.S.A.

Once again I would think it a good idea to do a google search "Is it possible to buy ejido land in Mexico".

And, Rob, I don't mean to say what your wife is doing is illegal or is even under a shade of a cloud. What I am saying is until a person completes the entire complicated process thru a Notoria they do not have clear and unencumbered property. Just one off the many steps is to pay and have proof of payment of all property taxes-many "buyers/sellers" do not do this important and property taxes in arrears can amount to tens of or even hundreds of thousands of dollars.

Not sure what you're saying. My wife is one of the very few ejidatarias in the region authorized by her ejido to sell ejido lands that have been escriturados. Getting ejido lands escriturados is a long complicated process that most ejidos haven't done, and their lands remain communal lands unable to be sold. There are plenty of unscrupulous ejidatarios who have sold the same parcels of land to different people, but any piece of paper other than an escritura is basically worthless for purposes of property ownership. It matters what it's called because this ISN'T a former British colony and English translations such as those you use are misleading at best. Being a citizen like your partner I don't concern myself with fideicomisos and neither will she. Non-citizens will have different laws apply. An escritura for ejido land is emitted by a federal agency called the Secretaría de Registro Agrario (SRA), says "TÍTULO DE PROPIEDAD" across the top, and has the signature of the Delegado del Registro Agrario Nacional at the bottom.

Sales receipts are a separate matter. It is not that complicated a process.