NY Times

NY Times;

"No one has ever lost a piece of property in a properly constituted Mexican land trust," Mr. Baca said


Hmmm Yes that’s 100% correct, But since when has Snowbird done anything properly or legal!!!

He explained that a house in trust "is not an asset of the bank."

Anything that has value or makes money is an asset. The bank charges for the trust it is an asset....

We're not selling houses; we're selling views," said Beatriz Baca, Mr. Baca's wife and business partner.

So that explains why a picture is worth a 1000 words !!! alecs picture of the day is a snowbird trust document, savor it that’s all you’ll get. If you complain they’ll say the market is over exposed


Others who visit San Carlos like looking, but aren't tempted to buy. At a rental office for a condo project called Bahia Delfin, Reto Hanauer, a contractor from Vancouver, British Columbia, said, "It's fun to see
the new projects." But, he said, I won’t be buying in a foreign country where bandits roam and the order of the day is hey gringo you pay, pay, pay..

Nothing changes

Ms. Evatt and several American partners are in negotiations to build a 45-unit beachfront condo project, called Villas Sirenas.
Vernon Swaback & Associates of Scottsdale, Ariz., will be supervising construction to see that it reaches "American standards?" The prices for the condo‘s will be around $500,000 a unit, and are the highest ever charged for condos in San Carlos, Ms. Evatt said.


I wonder if Swaback is related to the family. Being in Scottsdale!!! Probably the next door neighbor to the Boca’s