By: Cassandra Ingraham

El dorado Ranch 6 miles north of san Felipe Baja California, Mexico.  It is 4 hours by car from San Diego or Palm Springs and 6 hours from Los Angeles.

EDR is a master-planned community designed and implemented by an American developer.  The master planned community has over 35,000 acres with a full range of level land parcels (for building) with developer financing.

All the parcels have a 180 degree view of the Sea of Cortez which makes the land value increase I am sure.  But what more important for Americans is that the nearest little town is San Felipe (located 6 miles away) and has a population of 30,000 plus with one third of the population being Americans and Canadians.

The term "Fideicomisco" is the term used to explain that foreigners are allowed to acquire irrevocable and absolute ownership rights to property in Mexico through a 50 year perpetually renewable and transferable Real Estate Bank Trust.  The trust is called a "Fideicomisco"  This trust is like a deed for ownership.  The Trust system is the ONLY legal way for foreigners to own property in certain areas in Mexico and is sanctioned by the Mexican Government.

Another reason buying property in Mexico has become more acceptable is because in 1997, Mexico changed its banking system and subscribed to the International Banking Standards.  The majority of all Mexican Banks are owned by International Banks such as Citi Bank, Bank of America and Chase Manhattan.  The stockholders of these banks are international.  If Mexico were to take property from foreigners, this could result in an International incident!

This article was written by Cassandra Ingraham, webmaster for www.travel360degrres.com and publisher of Purple Monkey, e-Publication.

There are several major resort just south of the boarder that are labeled as excellent retirement spots for Americans and Canadians.  El Dorado Ranch is one of them.  To find more "Google" 'retirement resorts in mexico'

 

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