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To: Sundog; lodwick

The web site is below


http://www.mexonline.com/propmex.htm

.....Westy....


2,433 posted on 11/29/2004 11:07:35 AM PST by westmex (To he!! with it all)
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To: westmex

http://www.hispanicvista.com/html/001103sd.html

Here is the background on the collapse of the Baja Beach and Tennis Club.

I don't want to go into it, but it serves as a reminder of how the best of deals can go sour.

http://www.hispanicvista.com/html/punta_banda.html

Here is the involved description. (Work from the bottom up.)

The true victims are those who entered into contracts between the years 1988 and 1991. They were apparently given every assurance and even entered into "fideicomiso" (bank trust agreements). But in 1991, the bank canceled the trust, and did not enter into any new trust agreements. The year coincided with the first court victory for the legal owners.

Did you know that banks can cancel fideicomisos after they are established?


2,436 posted on 11/29/2004 11:38:05 AM PST by Sundog (Cheers)
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