The web site is below
http://www.mexonline.com/propmex.htm
.....Westy....
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?