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Calderon’s final state of union: Mexico now has foundation for ‘true and lasting security’

By: Associated Press


Source: www.washingtonpost.com



 

The president said Mexico has made the largest investment in its history in security during his six-year administration, allowing the federal police force to be purged of bad officers. He said he also reformed laws to better coordinate security operations and that federal forces have made historic strikes against organized crime.


“Today we have better laws, with modern federal security and justice institutions that are better equipped and trained,” Calderon’s report said. “The effort has made it possible to build the foundation of a true and lasting security.”


CONTINUE READING AT THE WASHINGTON POST.....

 

 

 

TITLE INSURANCE IN MEXICO HOW DOES IT WORK?????


 

By: Bruce Parkman | Developer, Playa de Oro, San Felipe, Mexico
 
 

There have been many articles written about Title Insurance in Mexico, however there have been very few if any that explain how the Title Insurance is obtained on the property and what benefit the buyer will receive and who pays for the policy.  

With this article perhaps these points will be clarified for buyer’s knowledge. For credibility purposes this writer has 18 years of Real Estate and project development experience in the Baja of Mexico, primarily in San Felipe.  My development of 300 sea side lots has issued over 100 individual title insurance policies to its buyer/owners, more than any other development in Mexico.



How is title insurance obtained on the property?


An application is made on behalf of a buyer to a Mexico Authorized title insurance company. (First American Title, Stewart Title, Fidelity Title, GNP Insurance and others)  The title company then assigns the file to a duly qualified Mexican Attorney to examine the history of the title to that specific property.  This process is similar to the Title Abstract system that was used in the US.  The examination should (not all title companies do this) go into the history of the land as far back as possible, sometimes 200 or 300 years!!!!  When the exam is complete the Attorney presents a written detail of the land history to the underwriter at the Title Company.  The underwriter will review the exam.  Upon the review a decision will be made to have a Title Insurance  Company representative actually visit the property for a visual inspection.  The inspection will include the survey marks identifying the property, looking for or at encroachments (if any), reviewing the legal ownership documents at the Registro Publico and Notario.  When the exam is finalized a decision will be made to issue a title policy of insurance or not issue a policy until certain conditions are corrected.  This is very similar to the procedure in the US.


What benefit will the buyer receive from Title Insurance?


As a former insurance agent in the US I always read the exclusions from the policy to determine what my coverage was, this is still very valid information today.  Ask your seller or Realtor for a sample policy of the title insurance.  They should be able to provide one for you.  If they cannot provide a sample policy, you can obtain one online at the Title Companies website. Title Insurance companies have a US division and a foreign division you want to deal with the foreign division.   When reading the exclusions you do not want to read these wordsEjido (this excludes any Ejido claim), errors, documents, Notario, (this excludes any errors in documents, or errors in the Notario office), there are other issues that may occur locally to the land involved that need to be addressed.  You want to include in your purchase agreement “subject to satisfactory review of title insurance examination”


You as a buyer receiving title insurance on the property should expect to be covered for; a) Ejido lands, b) errors in documents (this may be worded differently by various companies), c) local issues, d) fraud (this is a major issue and will be discussed in detail later), in addition to the normal liens against the property, taxes, water payments, mortgages, government registrations, etc.


As an example I was attempting to buy a property and the title insurance found a 15 year old unrecorded buy and sell on the property that affected the title.  I did purchase this property with a signed release from the unrecorded buy and sell person.  On another attempted purchase the title insurance found an overlapping owner.  That property is still in litigation 7 years later!!!!

 

Remember title insurance will examine the title in detail for you; make sure you have it done.


Here is where you want to pay attention!!!!  


Who pays for the policy and examination of the title?


The cost for the title exam is anywhere between $2,000.00 US and $12,000.00  US depending on the complexity of the title itself.  


If you are buying a single lot or parcel of land in Mexico you want to ask the seller or Realtor has there been title insurance on this lot or parcel in the past.  If the answer is no, you as a buyer will likely have to pay for the title examination or negotiate the payment in the purchase agreement to be paid by the seller.


The cost to examine a 500 Sq Meter lot is about the same as examining a 25 hectare parcel.  What I did was have the entire parcel examined prior to subdividing into lots; therefore each lot was insured when the subdivision was approved.  Doing this saved the buyer the expense of the title exam.


If the seller does not want to pay for the title exam you may want to reconsider your purchase for obvious reasons.


Mexicali is the capital of Northern Baja and it has the most advanced Real Estate recording system in all of Mexico in their Registro Publico. (It is comparable to the US systems)  The Registro Publico can be accessed online by those Realtors, Attorneys and others who are willing to pay the access fee.  A title can be verified very quickly with this system.


For summary, you as a potential buyer, with a little due diligence, can verify the title of your target purchase with a title company and add the benefit of the Public Registro in Mexicali as a backup source.  


Mexico has very clear Real Estate laws, when these laws are followed the title  chain of ownership is clearly identified and you as a buyer will receive the benefits.  


ADDITIONAL INFORMATION:


Some Title Insurance companies do not research the land title, they insure the documents prepared by the Notario, and thus their cost to issue a policy is less.  You as a buyer will need to determine what is best for you.  If you are buying in an established development you should be ok, however if it is a new development or raw land you may want to consider the full research.


I mentioned the word fraud earlier and will now address this issue.  Fraud is a word being used by those buyers who purchased without doing their due diligence properly and now are faced with problems with title and utility services.


Fraud in Mexico is a serious matter and proving fraud is not easy to do as the laws are confusing.  Basically blatant fraud is easy to prove, however marginal or questionable fraud is not easy to prove.  So how do you protect yourself?  This is where the Title Insurance can be very helpful.  When the title company does their exam of the title to the property they will determine if the title is clean so their will not be fraud committed with the title.  Now you ask how am I protected in a subdivision?  All of the required Government legal permitting and approvals are reviewed by most Title Insurance Companies before they will issue the policy.


Bruce Parkman is the developer/owner of Playa De Oro, north of San Felipe, started Baja Lifestyles Realty in 1994, bought the land for Playa De Oro in 1996 www.playadeoro.com email parkstrong@yahoo.com.

 

 

 

 

 

High tech investment in Baja California

By: Adiana Moloman



 

It has been a busy technological week In Baja California, where was the inauguration of the second phase of the Technology Consortium of Baja California and also it took place the official presentation of the recent handing over innovation incentives on the Bit Center (Business Innovation and Technology Center) in Tijuana.


Both of them are innovative centers dedicated to provide engineering, lab testing and design services for manufacturing and technology companies. There are considered two important initiatives to provide the infrastructure for incubating and developing software and information technology.

 



Mexico's Property Tax

By: Baja Good Life



 

In Mexico, the property taxes that have to be paid on a yearly basis are called predial. As compared to other parts of North America, property taxes in Mexico are low. The amount due varies significantly depending on the area where the property is located. However, the sum will always be less than 1% of the property value, which might be as low as a couple of hundreds of dollars per year.


The state calculates the tax according to a simple mechanism. First of all, they assess the value of a plot and determine the general rate based on which the calculation will be made. The value of the property estimated by the government is substantially lower than the actual price that has been paid by the person who purchased the property, especially in the areas preferred by foreigners. This rate is evaluated by taking into consideration various factors: topography, urban facilities, and services available in the area. Once the rate is determined, the state will multiply it with the size of the land in meters and issue a bill with the resulting amount.

 



Pitch it all and move to Mexico? Jonathan Ellerby did - here's how

By: Mother Nature Network


Source: www.mnn.com



Jonathan Ellerby

Jonathan Ellerby, PhD has done what many dream of, but few have the courage to actually do; to create radical change in his own life by pursuing a feeling that there was something out there he was meant to do. He is currently the CEO for Tao Inspired Living, a wellness center and community in the beautiful Riviera Maya in Mexico. Already a successful author and leader in the wellness and spirituality business, Ellerby was also working at the renowned Canyon Ranch resort when he decided to make a move that many questioned. Coming out the other side of the experience, he shared with me how he made the choices he did, and what led him down this new path. (For more, check out "The Promise of Paradise," the book he wrote about the experience):


MNN: First off, how did you get involved in the health and healing world, and what made you want to reincarnate that work when you were already doing it so successfully? 

Jonathan Ellerby:  I started off as a young person with a fascination for healing and spirituality. I had this natural questioning soul and was interested in how people and the universe work. That took me down a long path of adventure and travels around the world, university degrees, and finding what is most meaningful to people and how we heal. 



Obama-Romney Campaigns Send Americans Packing, Merida Real Estate Waits

By: Mexico International Real Estate



Americans go to the polls on Tuesday, November 6, 2012. On Wednesday, November 7th, a few million U.S. Conservatives or Progressives will be formulating their plans to relocate. Do you remember a time when Americans have been more fundamentally, rancorously and bitterly divided about the government of their country?


The next 10 weeks are going to be legendary. The most money ever spent to influence an election - anywhere, ever - in the history of politics, is unfolding in real time. Either way, no matter who wins - there will be millions of lugubrious, malcontent and exasperated Americans who will want out! Some may go to Canada. It's pretty cold in Canada. Europe? We doubt it.



Puerto Vallarta encompasses Mexico's diverse attributes

By: Maribeth Mellin




 

I have certain expectations when visiting Puerto Vallarta. I plan to eat well and often, purchase more than I can carry and learn something totally unexpected. Gorgeous sunsets are a given, as are mountains so lush they soothe weary eyes. I'll inhale the sweet scent of mangos and churros, tap my toes to salsa and mariachis and exchange cheek smooches with (nearly) everyone I meet.


In short, I'll savor all my favorite Mexican sensations without racing all over the country. Puerto Vallarta, you see, has a bit of everything I adore about Mexico. And though I've visited PV, as it's known informally, at least two dozen times I always find a new favorite thing. What follows are just a few of the reasons I keep returning.

 



Mexico strengthens through growth in China, U.S.

By: Scott Rose



 

Mexico's President-elect Enrique Pena Nieto, right, of the former ruli

Mexico is benefiting from ties to "very competitive" U.S. manufacturers as low wages lure producers discouraged by rising labor costs in Asia, Deputy Finance Minister Gerardo Rodriguez said.


"Many companies are shifting their production capacity back into the U.S." and adding manufacturing jobs at a "good pace," he said last week while in Moscow. He was in Russia to attend a meeting of officials from the 21-member Asia-Pacific Economic Cooperation Group.

 


Jessica Biel's Relaxing Cabo San Lucas Rehearsal Dinner

By: Celebrity Gossip




After an day filled with flights, Jessica Biel finally took a moment to relax when she arrived at her friend's rehearsal dinner in Cabo San Lucas, Mexico on over Labor Day Weekend (September 1).

 


Held at the beautiful Las Ventanas al Paraiso Resort, the 30-year-old actress joined her pals in a simple blue frock and enjoyed an evening with drinks around the fire.

 


Hyundai to invest $130 mn in new plant in Mexico

By: The Economist




 

Hyundai to invest $130 mn in new plant in Mexico

Mexico City: South Korean automaker Hyundai Motors Company's Mexican unit said it planned to invest USD 130 million in a new plant that will manufacture aluminum auto parts in Tijuana, a border city in the northwestern state of Baja California.


The plant is expected to create 300 direct jobs and make up to 900,000 units of three new automotive products for different models sold in the US, Hyundai said. Hyundai Trans-lead chief Kenny Lee laid the cornerstone for the new plant, the automaker said. The plant is expected to start operating in 2014 and "production could rise to 1.5 million units when it is at 100 percent of capacity", Hyundai said.

 


PFO Radio Show and fans enjoy a wonderful weekend in Rosarito Beach

By: Phil Friedman Outdoors




 

 

PFO Radio Show and fans enjoy a wonderful weekend in Rosarito Beach

"It's been 8-years since my wife Adriana and I have come down here," said John Olmos. "We walked all over town, shopped and ate delicious lobster. What a great time."


Randy and Krisma Crowell from Pink Fishing were also on the trip. Randy is a seasoned Baja traveler who has made such exotic trips in the past like surf adventures to Isla Natividad. They couple could be found in the middle of town enjoying carne asada tacos in a local gathering spot called El Norte where a Pink Fishing sticker now adorns the eatery. "This brings back so many great memories," said Randy. "I would totally drive down here next time," said Krisma. "This is just way too much fun." 

 

 





Tijuana EDC and MEDevice San Diego Offer Free Tour of Baja Medical Manufacturing Facilities

By: MEDevice San Diego


Source: www.heraldonline.com



the Tijuana Economic Development Corporation and MEDevice San Diego will host a free guided bus tour of two medical manufacturing facilities in Baja California. The trip, which shows how medical manufacturers are taking advantage of cross-border manufacturing opportunities, includes tours of Greatbatch Medical and Fisher & Paykel. Breakfast and lunch will be provided. The bus trip departs from San Diego the morning of September 18, 2012, arriving at the first facility at 11:00 a.m. The bus leaves Baja at 3:30 p.m., returning to San Diego at around 5:30 p.m. The tour is free for all registered attendees of MEDevice Forum San Diego. After registering for MEDevice, visit the Calibaja Manufacturing Facility Tour Page and sign up for the tour.

 


Border Week: Bizet's Carmen in Tijuana rodeo

By: Sandra Dibble


Source: www.utsandiego.com



Preparing to present the opera "Carmen" in Tijuana on Thursday and Saturday are from left to right, music director Armando Pesqueira, baritone Amed Liévanos (Escamillo), mezzo soprano Grace Echauri (Carmen) stage director José Medina, soprano Monica Abrego (Micaela) and tenor José Luis Duval (Don José).

TIJUANA — A rodeo in Playas de Tijuana will be the setting for a production of the Georges Bizet four-act opera "Carmen" sponsored by Tijuana's Municipal Institute of Art and Culture (IMAC) and Mexico’s National Council for Culture and the Arts


The opera brings together accomplished musicians with international experience. Some first honed their skills in Tijuana, including music director Armando Pesqueira, head of the Chihuahua State Philharmonic Orchestra, stage director José Medina, artistic director of the Tijuana Opera, and soprano Monica Abrego, currently based in New York City.

 


Tijuana Experiences a Gourmet Renaissance

By: Richard Adams

 




 

javier Plascencia finishes a dish.

To most Americans, the chorus from a Manu Chao song pretty much sums it up, "Welcome to Tijuana, tequila, sexo, marijuana...." For decades, Tijuana has just been known, at best, as a place for tacky souvenirs, cheap tequila shots and ladies of the night.

"It's a whole new Tijuana, it's full of energy, young people, artists, and of course the cooking and the chefs," says Javier Plascencia, one of the chefs leading Baja's new culinary movement. He's part of a prominent family that owns 10 restaurants in Tijuana and San Diego. But Plascencia's newest, Mision 19, may be the most striking and ambitious spot in town.

 

 


 




Foreign correspondence: Mexico offers everything from pyramids and ecotourism to tequila

By: John Bordsen

 




 

What's it like to live in a far-off place most of us see only on a vacation? Foreign Correspondence is an interview with someone who lives in a spot you may want to visit.

Gloria Guevara, 44, is Mexico's Minister of Tourism. The graduate of Northwestern University and Mexico City's Universidad Anahuac was formerly an executive with Sabre, the travel technology corporation.