
playaboy
Apr 22, 2011, 8:40 AM
Post #36 of 36
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Re: [Marlene] FM3 Visa/Owning Property
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Some lost quite a bit of money. I think (and I don't know for sure) they have to be behind either the value of the improvements on the land or 2 years of non-payment before my landlord can acquire the home. There are many other legal things he must do, papers to be filed, notices sent to the owners, etc. He has resold those casitas. I can to sell my home. I can make a profit. I can rent another lot and build a spec home to sell. Do I have a legal right? Who knows, but this is allowed here by my landlord and improvements are encouraged. New owners must pass a criminal background check and pay a transfer fee. In all honesty, this community is not for everybody. There is a very strong trust factor in play. Living here is not about the law but about a way of life. I live in "Pepe Landia" and he is King of the realm. He is a honest, fair, and just King. If you follow the rules and pay your rent than you never hear from the King. That is good enough for myself and the over 130 other home owners, renter or whatever we are. Most of us are guests in Mexico, either FMM, FM3's, FM2's or imigrado. Laws can be changed and our possessions can be nationalized tomorrow with no recourse. If the Mexican government wants to take our homes, who's to stop them? if my landlord wanted to take my home, who do you think would win a battle in the Mexican courts, the Gringo or the wealthy Mexican? As the old saying goes "NEVER INVEST IN MEXICO ANYMORE THAN YOU ARE WILLING TO LOSE". Meanwhile I am living the dream.
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