Welcome to Baja123.com Sign in | Help

Baja123.com Mexico Real Estate Blog

#1 Website for Mexico Real Estate, Baja Real Estate and Rosarito Real Estate

News

Finance North America closes 100th GE Money Mexico Home Loan

February 6, 2007 Finance North America closes the 100th GE Money Mexico home loan in December 2006. The San Diego- based mortgage firm continues to pioneer the lending market for Mexico real estate.

 Closing the 100th GE Money Mexico home loan, San Diego-based Finance North America continues its track of excellence in striving to deliver the best Mexico real estate financing options available. Their founders assisted GE Money in designing its current Mexico loan program and are currently pioneering additional financing products with additional investors. Russ Schreier, Finance North America’s president states, “We pride ourselves with being on the cutting edge of new home loan products and being innovators for the lending market in Mexico real estate, and are always striving to work with a variety of investors to bring borrowers the best lending options.”

 Mexico has enjoyed a housing boom in the last four years, fueled by low interest rates, a deficit of more than five million homes, and government support for the real estate sector. According to estimates by Mexico's housing commission Conavi, private and public sector mortgage lenders will make about 830,000 home loans this year, eclipsing last year’s record of 750,000. Finance North America plans on being at the forefront of this movement in 2007.

Finance North America is a San Diego-based firm that in 2005 its founders pioneered US-based mortgages for Mexico real estate. This made it possible for Mexico’s real estate to be bought and owned by residents of other countries using traditional US-style mortgages, rather than needing to rely on either cash or high-interest, high-risk peso-based mortgages for their purchases.

 Since developing cross border financing, Mexico’s real estate market has exploded as Americans seeking vacation or retirement destinations invest there. Finance North America’s President & CEO, Russell Schreier, recently announced:

Loan prepayment penalties have been eliminated

Real Estate financing is possible without any FICO requirements

FNA can help owners pull equity out of their property in Mexico

 While each financial innovation for Mexico’s real estate market is impressive, FNA offering all under one roof is HUGE! The interest level among Americans and Canadians has swelled as residents of these two countries have realized the property market is suddenly open to them.

 Finance North America

www.FinanceNorthAmerica.com

Toll Free from US/Canada: 866-Yes-4-Mex (866-937-4-639) From Mexico: 001-858-481-4871 email: news@financenorthamerica.com

Posted: Tuesday, February 06, 2007 9:54 AM by Kanoa Biondolillo

Comments

Cathy Gladen said:

Warning:

Do not let your real estate clients enter into sales contracts with Real Del Mar or other developers who put individual sellers on the sales contracts.  I did not know this could be a problem, and it has turned out that the developer is not going to give me the house on the lot in the contract.  They also are saying that it is not their problem to resolve because my contract is not with Real Del Mar, but with Pedro Corona.  I signed the contract in January 2005 for a house promised in July 2005 with a premium lot for $210,000.00. They took an $80,000.00 deposit, interest free for them, I have been paying mortgage interest.  For almost two years Real Del Mar representatives have promised me I would get my house that it was going to be started soon.  See e-mails below.  Now they won’t deliver the house and now they say it is not their problem.  Never in two years have I been in contact with Pedro, they have acted in his behalf.  Now they are changing that, but have not told me how to contact him.  Again, be careful about who is on your sales contract.  The solution they give is for me to pay $230,000.00 for a lot that is two steps down on their scale of value.  It sold for $170,000.00 at the time I bought the one in the contract for $210,000.00.  So now, over two years later it is like I have never been there, had a contract.  Of course they will give me my money back, and it indeminazation will cover my mortgage interest on the deposit.  But what about the investment they assured me was good all along?  Isreal, one of their representatives assured me my investment was growing.  All options they are offering me cost more money, and do not take into account the existing contract.

Please, protect your clients, don’t let companies sell contracts they are not responsible for fulfilling.  

Here are the e-mails they sent me:

Hello Cathy,

First of all I do not want you to be confused, of course our sales office represent Frisa and private owners at Real del Mar, as a sales agent we are not Frisa-Real del Mar employees.

Real del Mar sold with a contract the #10 lot with a house construction project to Pedro Corona.

Pedro Corona sold you his property, he did not know when he sold you the property that Frisa-Real del Mar would not be able to build some houses, if you wish to cancel your contract we will give you your money back plus 10% indemnization.

As I explained to you on the weekend you can also buy the house we offered. The owner is currently able to sale it in 230,000usd.

These are the only two possibilities that we can offer you.

Nevertheless, we would take great pleasure in making you a part of the Real del Mar community.

Best regards,

Cutberto

Hello Catherine,

I already talked with the technical department at Real del Mar and they suggest to me to offer several options instead to be waiting to be constructed your house.

On 2/14/07, Jose Flores <floresza@gmail.com> wrote:

Hello Cathy,

Mr.José Luis Corona asked to me to contact you to tell that he has your proposal and he needs a few days to analyze it.

Remember that you signed a contract with a private owner named Pedro Corona, not with José Luis Corona neither Frisa-Real del Mar.

We will in contact with you.

Have a great day!

Cutberto

Option 1) AMALFI house number 70 (9258) to be use immediately.

Option 2) Estancias III section house model called Balcon.

Option 3) A FRISA Lot.

Please let us know if you are interested in one of those options.

Best Regards,

Cutberto Flores

Sales Manager

-----Original Message-----

From: jlcorona@gfrisa.com.mx

To: cgladen@aol.com

Sent: Thu, 9 Nov 2006 12:00 PM

Subject: CASA 10 AMALFI

[Unable to display image]  

Mrs. Cathy Gladen :

       My sincere apologies for not responding to your e mails sooner, but I haven’t idea about yours mails, Sofia Mendoza tool me about that, and I asked her to send me all them, and I understand you about your worry for this delay construction in your house, I would like to tell you that we are delivering houses with some month of delay, we will going to deliver this month 3 houses  and the next 2 months 5 more, but the section when your house is, we didn’t star already and with the same speed that we are working, I think we will star building your house in 3 months at least.

But we have been making some deals with the owners of that section of houses, and some of them toke a lots in other section of Real del Mar, I would like to know what do you think about that and if you want I can send you information about that section of lots, But believe me you are not going to lose your money.

Sincerly.    

José Luis Corona Esparza

Director de Ventas Inmobiliarias

Real del Mar

Tijuana B.C.

Oficina (664) 6313458

          (664) 6313834

# February 18, 2007 3:24 PM

bath mate said:

very good writing. i like it. :)-l

http://www.bathmateus.com">bathmate</a>

# December 17, 2009 10:18 PM

25 Years Average Chief Financial Officer Experience said:

As a mid-market business owner what are you looking for in a chief financial officer?<a href="http://www.b2bcfo.com/forensic_accounting/expert_witness.html">Expert Witness </a> Even though you may not have the revenues to hire one on full time it does not mean you do not need the help of an experienced chief financial officer. B2B CFO had been around for over 20 years. You can hire them on part time to help you with your financial needs. Even though they are only working for you part time they will help to create a long-term business relationship with you. Their goals are your goals. Let them help you keep your business growing.How can a part time chief financial officer help your business? One way it can help you is you get an experienced chief financial officer for your business without having to pay a full time salary. B2B CFO’s partners average 25 years of experience. They are not interim CFO’s for you company. They are with you for as long as you need them. And with their experience it is very unlikely you will present a problem or ask a question that their experienced partners can not solve for you. Visit their website at www.b2bcfo.com and see how they can help you.Are you a mid-market business owner with the need of a part time chief financial officer? <a href="http://www.b2bcfo.com/forensic_accounting/expert_witness.html">Forensic Accounting</a> Look no further then B2B CFO for experienced part time chief financial officer services. Let their seasoned professional partners help you with your businesses financial needs. They will be happy to work with you on an as needed affordable basis. You will find their costs at a fraction of what you would pay a full time CFO or even an interim CFO. Best of all there is no contract needed to engage the B2B CFO partners. They work for you and not against you.

# January 19, 2010 2:54 AM
Anonymous comments are disabled