Susan Flinn Puerto Penasco Real Estate

May 2008 - Posts

• Point of 50 year Trust Expiration

  At the point that a 50 year Trust is about to expire : The cost associated with renewing it is as follows. Notario fee. 1% of property value on previous trust Public registry Fee typically .05% of the property stated value Normal Bank Fee’s for Read More... Posted Monday, May 12, 2008 7:57 PM by Susan Flinn | 0 Comments

• Mexico Investments and U.S. Taxes

  Mexico Investments and U.S. Taxes Use : Vacation Home Once you have purchased your home, the use you give it will largely determine the tax consequences as far as the IRS is concerned. After further discussions with your spouse, you decide that you cannot Read More... Posted Sunday, May 11, 2008 10:38 AM by Susan Flinn | 0 Comments Filed under: Real Estate, Announcements, Events, Industry, Point2, Finances, Buyer Information, Community Information, Puerto Penasco, Rocky Point Mexico, Retirement living, Rocky Point, Mexico

• FMT -Tourist visa

  FMT This document is requested by the notaries in all transactions with American Citizens since proves their legal stay at the moment of the signature of the legal document and has a lasting of 180 days. You can obtain this document crossing the border Read More... Posted Sunday, May 11, 2008 10:35 AM by Susan Flinn | 0 Comments Filed under: Real Estate, For Sale, Announcements, Point2, Buyer Information, Seller Information, Puerto Penasco, Rocky Point Mexico, Retirement living, Rocky Point, Mexico

• Puerto Penasco History

  PUERTO PEÑASCO HISTORY Approximately 20,000 years ago in the 'Ajo Valley' and continuing to Puerto Peñasco nomadic tribes& their more adventurous members started a 'trading zone' along these routes. During these times Read More... Posted Saturday, May 10, 2008 7:10 AM by Susan Flinn | 0 Comments Filed under: Real Estate, Announcements, Events, Point2, Product Reviews, Buyer Information, Seller Information, Puerto Penasco, Rocky Point Mexico, Retirement living, Rocky Point, Mexico

• What is a Fideicomiso?

  FIDEICOMISO - RealEstate Trust within the Mexican Restricted Area Fideicomiso? (From Latin: Fedei commisum. Fedei=Faith=Trust). Fideicomiso is the only option which a foreigner in Mexico can acquire and maintain a property on the restricted zone, according Read More... Posted Saturday, May 10, 2008 7:08 AM by Susan Flinn | 0 Comments Filed under: Real Estate, Buyer Information, Community Information, Puerto Penasco, Rocky Point Mexico, Rocky Point, Mexico

• Bank Trust Process

  BANK TRUST PROCESS 1.-Deliver the complete information package to the bank which includes: -Bank trust application format -Passports of the parties -Driver licenses of the parties -Proof of address -Letter of Instructions (if cession of rights) 2.-The Read More... Posted Saturday, May 10, 2008 7:07 AM by Susan Flinn | 0 Comments Filed under: For Sale, Announcements, Point2, Buyer Information, Seller Information, Puerto Penasco, Rocky Point Mexico, Retirement living, Rocky Point, Mexico

• Housing Crisis is Over per Wall Street Journel Article

  The Housing Crisis Is Over By CYRIL MOULLE-BERTEAUX May 6, 2008; Page A23 The dire headlines coming fast and furious in the financial and popular press suggest that the housing crisis is intensifying. Yet it is very likely that April 2008 will mark the Read More... Posted Thursday, May 08, 2008 12:58 PM by Susan Flinn | 0 Comments