Buying Property in Mexico, Do Your Homework Before Investing: Parkstrong Management & Development Helps People Safely Invest.SPOKANE, Wash. -- Parkstrong Management & Development (PM&D), a property management and development company working with master planned, beachfront beach·front n. A strip of land facing or running along a beach. adj. Situated along or having direct access to a beach: beachfront hotels; beachfront property. Noun 1. communities in San Felipe San Felipe (săn fəlē`pā), pueblo (1990 pop. 1,557), Sandoval co., N central N.Mex., on the Rio Grande; founded early 18th cent. The inhabitants are Pueblo of the Keresan linguistic family. Ceremonial dances are held there in spring and winter. , Mexico, is offering potential buyers an affordable Discovery Tour that educates them on the legal issues they need to consider before investing in beachfront properties in Mexico. The Discovery Tour, starting at mid-week price of $79 for the three-day, two-night vacation package, is held at two of the most lucrative communities in San Felipe, Playa playa or pan or flat or dry lake Flat-bottomed depression that is periodically covered by water. Playas occur in interior desert basins and adjacent to coasts in arid and semiarid regions. De Oro and Playa San Rafael San Rafael (săn rəfĕl`), residential city (1990 pop. 48,404), seat of Marin co., W Calif., a suburb of San Francisco on the northern shore of San Francisco Bay; inc. 1913. . Upon arrival at the beachfront communities, guests will schedule a time for their tour to explore the landscape of San Felipe and learn how to legally own beachfront property. At the end of the tour guests will be informed about the legal documents, the two types of Fideicomisos, Mexico/United States issued title insurance and public notary notary or notary public Public officer who certifies and attests to the authenticity of writings (e.g., deeds) and takes affidavits, depositions, and protests of negotiable instruments. , required to safely and successfully transfer property title when buying in Mexico. "Due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. is extremely important throughout the process of buying property in Mexico," says Lorn Landers, director of sales for PM&D. "We encourage every buyer to protect themselves and get outside professional opinions." A Fideicomiso, which provides irrevocable and absolute ownership rights, ensures that foreigners can legally own land in formerly restricted zones, beachfront and border areas, in Mexico by securing the title though the Central Bank of Mexico The Bank of Mexico (Spanish: Banco de México), abbreviated BdeM or Banxico, is Mexico's central bank and lender of last resort. Banco de México is autonomous in exercising its functions. . It was established and sanctioned by the Mexican government in 1993 as part of the pre-NAFTA agreement, and was added as the 27th Amendment to the constitution. PM&D successfully processed and issued over 60 Fideicomisos in 2004, is on pace for 100 more by the end of 2005 and projects 150 in 2006. There is a complicated legal process that needs to be handled diligently by an attorney and public notary in order to be legally recognized by the Mexican court system and government. PM&D manages and assists with every aspect of purchasing, building and managing properties for individuals and investors. Their motto is "Doing Things Right," which has helped them become one of the top management and development companies in Mexico. For more information regarding Parkstrong Management & Development and the Discovery Tour, visit their website at www.PlayaSanRafael.com or call (888) 4-FELIPE (1-888-433-5473) or directly 011-52-686-576-0416. |
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