Re: Ejido meeting

Posted by Larry F. on April 8, 2008, 8:12 pm, in reply to "Re: Ejido meeting"
189.162.37.225

I understand that there are a number of layers to the process of getting your land into a bank trust. There is more than one type of ejido land, not including federal land that occupies much of the beachfront. Land within the village itself is straightforward enough, if there is such a thing here. This land must first be surveyed. Some lots in LM have been surveyed already and many up on the hillside have not. The Ejido office has a map which indicates which have been surveyed. A present Mexican "owner", that is, your Presta Nombre as named on the Constancia issued by the Ejido, must now apply to the Ejido to have the lot converted to private ownership (I won't attempt to remember the Mexican names for these processes). Once this is approved by someone somewhere at some fee, the Mexican becomes the deeded owner of the land. As someone previously pointed out here, now is when a Power of Attorney drawn up by a Notario would have some real value (versus the illegal status it now has). Then comes the last step - applying to have the land deeded to a bank and a trust set up in the foreigner's name. More fees and more time. Some cautions that were pointed out - (1) Ensure that a Constancia exists for your property in your Presta Nombre's name, and (2) ensure that a legal document exists to protect your interest when the property becomes deeded (the Ejido loses all control over the land at this point). Collectively, there seems to be much merit to determining what tghe processes and fees are to achieve a bank trust. It was pointed out that hiring a lawyer (collectively?) who specializes in agrarian law would be very wise. The laws are complex to the degree that most legal beagles don't understand fully. Hopefully some else can correct my errors and add to this understanding of things.

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