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Here is some copied text from their website.
http://ochocascadas.com/ownership/
"Your ownership is held secure in a Mexican Bank Trust (Fidecomiso) until the year 2054. At that time, you and your fellow owners will decide if you want to ‘extend’ the trust for 50 more years, or sell the property and divide the sale proceeds among the owners."
I have been trying to look up if the law has changed about not having to put property in a trust (rumors by RE agents) but couldn't find it. I found some interesting information here about the new immigration laws and taxes. Also about driving a car with a foreign license plate.
http://www.banderasnews.com/1311/re-...ion-update.htm
http://www.banderasnews.com/1312/nr-...ect-expats.htm
http://ochocascadas.com/ownership/
"Your ownership is held secure in a Mexican Bank Trust (Fidecomiso) until the year 2054. At that time, you and your fellow owners will decide if you want to ‘extend’ the trust for 50 more years, or sell the property and divide the sale proceeds among the owners."
I have been trying to look up if the law has changed about not having to put property in a trust (rumors by RE agents) but couldn't find it. I found some interesting information here about the new immigration laws and taxes. Also about driving a car with a foreign license plate.
http://www.banderasnews.com/1311/re-...ion-update.htm
http://www.banderasnews.com/1312/nr-...ect-expats.htm
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