Zihuatanejo-Ixtapa Message Board - Buena suerte con Scotiabank

Buena suerte con Scotiabank (reply)

Casa Juan — Sat, 19 Feb 2022 13:47:27 +0000

hope you told them where to send the late fee? I have heard Intercam is now also handling trusts, maybe a better choice but I suspect one has to have Scotia say that you are current with them before you can transfer the trust?

Buena suerte con Scotiabank (reply)

frostbite — Sat, 19 Feb 2022 12:14:25 +0000

Scotia stopped sending us a bill for the trust and then, a few years later, sent us one with a hefty late fee.

Buena suerte con Scotiabank (reply)

Zihuateco — Sat, 19 Feb 2022 05:53:50 +0000

A minor inconvenience to having a Home in paradise.

Luther Vandross, a house is But a home

Buena suerte con Scotiabank (reply)

Casa Juan — Sat, 19 Feb 2022 02:47:31 +0000

If you should be cursed with having Scotiabank as Trustee for your fideicomiso expect continual delays, errors in accounting, indifference, and just plain incompetence, I am told that Intercam Bank is now doing trust transactions for foreigners and they would be a good option to start with when buying property in the zone of exclusion.

Real Estate taxes (reply)

midalake — Sat, 19 Feb 2022 01:58:43 +0000

I have a friend who is contemplating buying a condo here in Zihuatanejo.
I remember some threads about paying yearly taxes or trust fees.
Do you have to be here physically to do that?
If so, when is the time of year they are typically due?
Thanks.

Your property tax is due before Jan. 31 to receive the discount.

Your fiduciary is due for first payment on the 3rd year of ownership whenever you signed the deed. [You pay for the first two years upfront]

Real Estate taxes (reply)

Talley Ho — Fri, 18 Feb 2022 17:00:43 +0000

You do not have to physically be here for the trust payment, but property taxes (Predial) are paid in person unless you have a Mexican credit card. Many people pay someone to handle it for them. Trust payments are due on the anniversary of when the property closes. Property taxes may be paid from December 20 on. The earlier you pay the larger the discount.

Real Estate taxes

EugeneSF — Fri, 18 Feb 2022 16:50:34 +0000

I have a friend who is contemplating buying a condo here in Zihuatanejo.
I remember some threads about paying yearly taxes or trust fees.
Do you have to be here physically to do that?
If so, when is the time of year they are typically due?
Thanks.