The magic of owning in Baja is that you are surrounded by two bodies of water (The Sea of Cortez and The Pacific Ocean). Baja is THE safest place in ALL of Mexico. One road in/out that is patrolled and protected by US and Mexican law enforcements and military. Baja has an amazing history and beauty that should be explored. Property ownership is easier than you think. The coastlines of Mexico were off limits to property ownership to foreigners as a result of the revolution of 1914. However, due to prospects of tourism and foreign investments the Mexican government wrote a presidential order (that became law) allowing Mexican banks to hold titles to property In Trust for foreigners. It is called a Fideicomiso and it provides for all rights of ownership as any citizen would enjoy.
The term of the Trust is for 50-year periods automatically renewable by law. The title to the property may rest in one beneficiary indefinitely-which protects your heirs and your investment. As purchaser of a property you may use and enjoy, build, rent, will or sell the beneficial rights in the trust anytime, conforming only the general laws of the country established for all persons. Today, U.S. Title insurance is available for properties held in trust. Your purchase is as secure as if you bought in the States. If you have any questions please feel free to ask. That said, do your research. We have MANY customers that have purchase a lot, built a home and have been using it for over a decade, right here in Cabo Pulmo. What makes your dream purchase even MORE secure is that you’re buying directly from the owner. We’ve done all the work, the sub-dividing, the clearing permits, water installation, cc&r’s and so on. Cabo Pulmo – Where you can be you!