A Fideicomiso is basiclly a Bank Trust that holds the title to property owned by foriegners in Mexico. This trust is specifically designed for non-nationals to own propery in formerly restricted areas of Mexico. The Fideicomiso is a legal substitute for deeded (commonly referred to in the U.S. as fee simple) ownership. The Trust system of ownership is sanctioned by the Mexican government, provided for under the Mexican Constitution, and secured by the Central Bank of Mexico; thereby offering powerful protection.

The Fideicomiso is set in 50-year increments guaranteed renewable for perpetuity. The property can be improved, mortgaged, bought, sold, inherited & willed. The Real Estate Fideicomiso can offered either through a Master Trust or Individual Trust. The Fideicomiso offered through Playa de Oro is an Individual Fideicomiso, the most secure form of Real Estate Fideicomiso available because it is not tied to a master trust that could be comprimised by registration of a lien for non-payment of taxes or default by the developer. The individual Fedeicomiso provides the same legal rights and protection of ownership as a Mexican national has under the law and bestows upon the Beneficiary of the Trust absolute and irrevocable control over the property.

Following some preliminary paperwork, Title is delivered to one of the authorized Mexican Banks, who acts as the Trustee and designating the buyer (you) as the Beneficiary of the Trust. From then on the Bank acts as an "employee" of the Beneficiary (you) in transactions involving the property. The Beneficiary retains the use and control of the property and makes all the investment decisions. It is your Trust and not the property of the government or the Bank. Unless a problem occurs because of fraud or misrepresentation, the Fideicomiso can not compromised. Playa de Oro goes one step further to offer you security against such fraud and offers Title Insurance from First American Title to further secure your investment.

Under the North American Free Trade Agreement, NAFTA, Mexico may not directly, or indirectly, expropriate property except for a public purpose. This is the same as "Eminent Domain" in the U.S. Where it is necessary to expropriate land, swift and fair market compensation must be paid, together with accrued interest.

For more information on the Fedeicomiso check our FAQ's or contact us and we will be pleased to answer all your questions.

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