Boomers in Mexico, Mexico real estate, Mexico Title Insurance
Are They Stupid? Or Just Getting Really Bad Advice?
Carol Billups
Yesterday evening I was on the radio with several colleagues, including Jorge Rodriquez, President of International Land Title and representative for Fidelity Title Insurance, participating in a panel discussion of the real estate market in Los Cabos. I nearly fell off my chair when Jorge told the host that 30% of the properties in Los Cabos have some sort of ‘title fault’. WHAT!!!! He went on to explain that the vast majority of these are cases where the client never completed the closing and left the property in a Promise To Trust. Why would anyone do such a dangerous thing? That’s when I began wondering who was advising these folks. So just in case, here are some facts.