| Rocky Point Exposed |
Be Careful, Be Very Careful!
| GUIDELINES FOR SAFE INVESTING |
| THE MOST IMPORTANT GUIDELINE: Don't leave your brains at the border! It is your responsibility to do your homework before purchasing Mexican real estate. Better yet, don't invest in Mexican real estate |
Useful Links ------------------------------------------------------------ The media has recently become aware of the real estate problems in Rocky Point. Read, hear and see about it here: Media Scottsdale Times - Nov. 2008 Arizona Daily Star - March 9, 2008 ABC-15 News - March 5, 2008 10:00 PM ABC-15 News - Feb. 14, 2008 6:00 PM ABC-15 News - Feb. 13, 2008 10:00 PM The Arizona Republic - Nov. 25, 2007 Tucson Citizen - Nov. 27, 2007 Arizona Daily Star - Jan. 29, 2008 KTVK- Channel 3, Phoenix - May 2, 2006 There is lots of good information on the Internet about purchasing property in Mexico. The links below will be invaluable to you in insuring a successful real estate transaction Buying Mexican Property Stewart Title Company First American Title Company Buying Property in Mexico Mexican Real Estate - Buying Property Leap of Faith - Buying property in Mexico Should there be a time when Arizona residents may need to register complaints about Mexican real estate transactions, the links below will be of help. However, the Arizona government has been of no help whatsoever. Government Agencies Arizona Office of the Governor Arizona Attorney General Arizona Real Estate Commission Out of state residents should contact local real estate authorities and members of Congress: US Congress The Mexican government will be of no help to any American investor! This website depends upon its readers to provide additional information relative to real estate problems in Rocky Point. Please participate in our BLOG with any information you wish to share. |
| "If only I had known then what I know now about Mexican real estate, me and my family would have been a heck of a lot better off financially today." A Rocky Point Investor |
| Visit www.rockypointexposed.com/blog to post a comment |
| The information herein has been obtained from various sources and is not guaranteed by rockypointexposed.com. Prospective investors are advised to conduct their own investigation of the information contained herein before proceeding with any real estate investment in Rocky Point (Puerto Penasco). The information contained on this site is not legal advice. While the highest standards were used in compiling this information it should not be considered legal advice and all legal questions should be handled by appropriate representation. Copyright rockypointexposed.com. All rights reserved. Web Hosting by Yahoo! |
Visit www.rockypointexposed.com/blog to post a comment. |
| A bad investment in US real estate is better than a good investment in Mexican real estate. An investor who has lost thousands |
| American investors, if you think you are protected by bank trusts, titles, or any Mexican legal documents, you are deluding yourself. Any Mexican National can claim ownership of your property, your home, or your condo! Foreigners living in Mexico have no property rights or legal standing in a Mexican court ruling on a real estate case. |
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| Best advice; don't invest in Mexican real estate! |
As predicted by the “real” people with “real” life experiences who have told their stories on this web site, “Reality Has Hit Rocky
Point” If you think times are tough in the US, try surviving in a place where the drug cartels are bigger and more powerful than
law enforcement or the military!
It is not safe to be in many areas of northern Mexico. Mexican government planes constantly patrol the beaches on the Sea of
Cortez in an effort to stop drug traffic; however, they are loosing the battle and are looking to the US for help.
Should Americans help Mexico when Mexico is not willing to help the Americans who have lost millions of dollars in real estate
ventures in Mexico? Of course not.
Rocky Point has now lost approx 1/3 of its population because construction workers have moved south to seek other
employment. All major construction projects have shut down. The real estate community who used deceptive measures to lure
American investors to “Margaritaville” have left Rocky Point to find work in the US. In my opinion, the realtors in Penasco and
The Rocky Point Times contributed to the real estate demise because of greed and unwillingness to print the truth. It could be
years before real estate reaches a level it once experienced.The many re-sales offer great buys but take a look beyond the initial
investment. It takes big money to maintain the large developments. Association fees keep rising in order for the developments to
survive but some investors are not willing to pay the increased fees (or can’t afford the fees). Insurance costs, bank trust fees and
utilities go on forever.
One development in Playa Encanto was asked to pay over $17,000.00 (US) per homeowner to connect to permanent electrical
power! (Another Mexican “Good Deal”). Before you get lured to Mexico, read the BLOG on this site and realize how lucky you are
that you have been warned by people that were not so fortunate. In a country where the wealthy become richer, the poor struggle
to survive, and corruption runs rampant at the local, state and federal levels—- remember it is Mexico and will never change!
When you think of investments, please invest in the United States. Buy from US companies and vacation in the US. The dollars
you spend will stay in the US and may save your job and livelihood. Do NOT invest in Mexico, you will lose your money and
neither the US or Mexican Governments will step in to help! It is apparent that Rocky Point is rapidly turning back into the “tiny
little fishing village” it once was.
A former Rocky Point real estate investor
Point” If you think times are tough in the US, try surviving in a place where the drug cartels are bigger and more powerful than
law enforcement or the military!
It is not safe to be in many areas of northern Mexico. Mexican government planes constantly patrol the beaches on the Sea of
Cortez in an effort to stop drug traffic; however, they are loosing the battle and are looking to the US for help.
Should Americans help Mexico when Mexico is not willing to help the Americans who have lost millions of dollars in real estate
ventures in Mexico? Of course not.
Rocky Point has now lost approx 1/3 of its population because construction workers have moved south to seek other
employment. All major construction projects have shut down. The real estate community who used deceptive measures to lure
American investors to “Margaritaville” have left Rocky Point to find work in the US. In my opinion, the realtors in Penasco and
The Rocky Point Times contributed to the real estate demise because of greed and unwillingness to print the truth. It could be
years before real estate reaches a level it once experienced.The many re-sales offer great buys but take a look beyond the initial
investment. It takes big money to maintain the large developments. Association fees keep rising in order for the developments to
survive but some investors are not willing to pay the increased fees (or can’t afford the fees). Insurance costs, bank trust fees and
utilities go on forever.
One development in Playa Encanto was asked to pay over $17,000.00 (US) per homeowner to connect to permanent electrical
power! (Another Mexican “Good Deal”). Before you get lured to Mexico, read the BLOG on this site and realize how lucky you are
that you have been warned by people that were not so fortunate. In a country where the wealthy become richer, the poor struggle
to survive, and corruption runs rampant at the local, state and federal levels—- remember it is Mexico and will never change!
When you think of investments, please invest in the United States. Buy from US companies and vacation in the US. The dollars
you spend will stay in the US and may save your job and livelihood. Do NOT invest in Mexico, you will lose your money and
neither the US or Mexican Governments will step in to help! It is apparent that Rocky Point is rapidly turning back into the “tiny
little fishing village” it once was.
A former Rocky Point real estate investor