Rocky Point Mexico

RE/MAX Legacy

Congratulations to Israel Reyna for once again being our ultimate paddler for RE/MAX Legacy

  For more information on this great unit below at Las Palomas contact Israel directly at -

  044-638-386-4047 Mx Cell

Israel.remax@gmail.net

Coronado 1001

Feet per feet the lowest priced Condo in Las Palomas Phase 2

This is a rental machine, it is rented every weekend!!!!!!!!

$438,9000!!!!!!!!!!!

http://www.realestaterockypoint.net/Puerto_PenascoRocky_Point/Sonora/Condos/Las_Palomas/Agent/Listing_1747063.html

Israel Reyna

Cholla Bay Lot - MZ 62 Lot 3

For $109,900.00

2nd row bay lot, just yards to the beach.

http://www.realestaterockypoint.net/Puerto_PenascoRocky_Point/Sonora/Homes/Cholla_Bay/Agent/Listing_1671166.html

Susan Flinn

Las Palomas TOPAZ 303
2 Beds 2 Bathrooms with oversized patio and bunk room option

BEST TERMS ON SANDY BEACH  

Price $310,000.

http://www.azbeach.net/Puerto_PenascoRocky_Point/Sonora/Homes/Las_Palomas/Agent/Listing_1887359.html

Yvette and Grant MacKenzie Jr.

PINACATE 506

2 BD 2 BATH

OWNERS WILL CONSIDER ALL OFFERS, IF ACCEPTED GIVE THE SELLING AGENT $5,000 BONUS

Price: ASKING $245K BUT WILL CONSIDER ALL OFFERS OVER $200K

http://www.realestaterockypoint.net/Puerto_PenascoRocky_Point/Sonora/Condos/Pinacate/Agent/Listing_1802463.html

 Bill Barvitski

 Villa # 8 at Las Palmas

4BR 3BT

Steps to the beach, fantastic Sea views, investors dream, great rental, small quaint family resort

$795k

http://www.realestaterockypoint.net/Puerto_PenascoRocky_Point/Sonora/Homes/Puerto_PenascoRocky_Point/Las_Palmas/Agent/Listing_1233654.html

Susan Flinn

Puerta Privada W 205

Fully furnished, totally equipped, incredible panoramic views of the Sea of Cortez.

Price: $535,000

http://www.realestaterockypoint.net/Puerto_PenascoRocky_Point/Sonora/Condos/Puerta_Privada/Agent/Listing_1960501.html

Grant Sr.

Mirador Corner lot - 1750 sq meters

Price $750,000

1750 Sq Meters

Located on the main street in the Mirador (High traffic) - two beach accesses in front. - Ocean Views - Great for project 

http://www.realestaterockypoint.net/Puerto_PenascoRocky_Point/Sonora/Farms_and_Acreages/El_Mirador/Agent/Listing_1356322.html

Branden MacKenzie

LAS PALOMAS PHASE II CABRILLO 405
Bed Bath Size Oversized 1 bedroom 1 bath at 1,139 and 176 interior square feet and
Largest one bedroom floor plan on Sandy Beach Furnished like a model
Price $259,000
http://www.realestaterockypoint.net/Puerto_PenascoRocky_Point/Sonora/Condos/Las_Palomas/Agent/Listing_1573450.html

Debbie Vinyard

Las Conchas Sec 4 Lot 505 

4 bedrooms, 4.5 baths, 3,300 sq. ft, great price for this type of construction, $595,000

http://www.realestaterockypoint.net/Puerto_PenascoRocky_Point/Sonora/Homes/Las_Conchas/Agent/Listing_1926853.html

Debbie Vinyard

Las Conchas Sec 2  Lot 340

 4,445 sq.ft Great Ocean View for only $159,000 

http://www.realestaterockypoint.net/Puerto_PenascoRocky_Point/Sonora/Farms_and_Acreages/Las_Conchas/Agent/Listing_1926763.html

Debbie Vinyard

LUNA BLANCA VILLA 1

North of the Mayan Palace,

3 bedrooms, 3.5 baths, Best priced & closest to the beach, $685,000

http://www.realestaterockypoint.net/Puerto_PenascoRocky_Point/Sonora/Homes/Puerto_PenascoRocky_Point/Agent/Listing_1440256.html 

Debbie Vinyard

RE/MAX Legacy
MX 638-383-1424 / 1425
US 602-334-4359
www.realestaterockypoint.net

Buying Property in Mexico

LEGACY                             

How to Buy Property in Mexico

In 1972, a Constitutional Amendment known as the Foreign Investment Law was established to allow non Mexicans to acquire coastal and border property through a trust, called a "Fideicomiso," in conjunction with a Mexican bank. This trust assures the foreign buyer of all rights and privileges of ownership, and is needed to own properties which fall into the "Restricted Zone". The "Restricted Zone" includes any property located within 50 km (32 miles) of any coastline, or 100-km (64 miles) of any border.  As of 1993, the New Foreign Investment Law dictates that the Trust be established for a term of 50 years and extended in 50 year periods.

The Mexican government established the Trust Agreement as a way of protecting foreigners who own property in Mexico. After the buyer and seller have prepared the proper documentation to obtain a bank trust, the bank applies for a trust permit with the Ministry of Foreign Affairs in Mexico City (this takes 4 to 6 weeks), then sends it to a Notario Publico (Public Notary). The "Notario Publico" is a highly educated attorney (Abogado) who is appointed to the position by the governor of the Mexican State in which he practices. The Public Notary draws up the Trust Agreement, obtaining the necessary documents (Bank Appraisal, Certificate of Non Physical Liens & Non Encumbrance), calculates the taxes due, and informs the bank when the Trust Agreement is ready to be signed (stating the final closing costs). The bank informs the seller and buyer so that they can sign the Trust Agreement at the Notary's office. The Notary will inform the buyer of the amount necessary to cover closing costs. All parties involved, seller, buyer and bank, sign the Trust Agreement. The Notary records the Trust Agreement with the Public Registry of Property and then gives it to the bank. The bank in turn records the Trust Agreement with the National Registry of Foreign Investments. The Notary then sends a Certified Copy of the Trust to the buyer.

The bank, known as the "Trustee", holds the Deed for the purchaser of the property, known as the "Beneficiary". This property is not part of the Bank's assets and cannot be subject to a lien, or attached to bank obligations. The Beneficiary has all the ownership rights to the property and may sell, lease, mortgage, pass to heirs, or do any other legal act with the property. The Trust is not a lease. The difference between a lease and a trust is that there is no equity in a lease, whereas a trust is fully maintained.

If property is purchased and currently held in a trust, a new 50-year period can be established or the existing trust may be assigned. Trusts are renewable at any time by simple application. It was never the intent that these properties pass back to the Government at the end of the trust period, which has been a common misconception and fear of foreign purchasers. In fact, at the end of the 50-year period, the Beneficiary has an additional 10 years to renew the Trust.

  WWW.REALESTATEROCKYPOINT.NET

Rocky Point - the time is now to get to know this great opportunity

Rocky Point 

Puerto penasco Mexico