Well, that might make sense, as I remember it was Cabo San Lucas.
Speaking of Cabo San Lucas, have either of you been there recently?
FYI
UNDERSTAND THE MEXICAN BANK TRUST: FIDEICOMISO
Payment of the purchase price is not enough. In order to have a valid ownership interest in the property which you are buying, it is necessary to have a valid ownership interest in the property. The title must be recorded. This puts the rest of the world on notice that the property is yours. If you are a foreign person purchasing property in many parts of Mexico, the property will not transfer to your name, but to a Mexican bank as trustee for your interests. The Mexican constitution prohibits direct ownership of real property by foreigners in the "prohibited zone," a strip of land 30 miles wide along its sea coasts and 60 miles wide along its borders with the United States and Guatemala/Belize, as well as the entire Baja peninsula. This is the reason for the bank trust, the "fideicomiso," which has been established under the guidelines of the Mexican government so that foreigners may be protected in the property acquisitions.
http://www.gomanzanillo.com/features/dream/