Well, here´s one for you. Those of you who bought in Mexico, using a fideicomiso as the vehicle of ownership, did you get a catastral in your own name, or was it in the name of the bank, as owner? I´ve been told that the owner shown in the title is the name that will show as the owner in the catastral, and in the case of the fideicomiso, that´s the bank. Anybody have an experience with this?
Sure, T.J., for your pleasure, for those who bought their property using a fideicomiso, and have a Cedula Catastral, is it in their name? Or, in the name of the bank? (Some people will not have requested a Cedula Catastral, following their purchase, and the former owner's name will appear on the current Cedula Catastral for the property.)
One has to go to Catastro to register the ESCRITURA with the municipio in which the property is located. To do this, you bring the escritura, which should be in your name only. You should get a receipt that looks similar to a predial receipt, and it should have YOUR name on it. This is the doc that you use to pay your first predial on the property. After that, the previous year's predial receipt is all you need. Disclaimer: This is how it works in the Municipio de Alvarado, Estado Veracruz. Now...Quintana Roo?
Hi, Windknot, I looked up "escritura" and that seems to be the term for the title document (fideicomiso in our case) but I'm not sure that's what you're referring to (Perhaps it was the use of these Spanish Legal terms that TJ was calling attention to in his post) Our notary says that the Catastro wants to issue the Catastral in the name of the bank as the legal owner Weird in a way because the fideicomiso makes it plain that we are exclusively responsible for keeping the taxes paid on the property and because the city received the 1% tax that was due on the purchase in my wife's name not the name of the bank For others who are following this- and bought using a fideicomiso- did you get a Cedula Catastral in your own name, as did Windknot? ________________________
When I got my Predial bill, it was in the name of the former owner. I went to Cadastro, next to Aguakan on Nader, and had it transferred to my name. This cost $144 and not that long of a wait. I should know to carry about 50 copies of all paperwork everywhere I go, but I had to go to a print shop across the street for more copies then return. The next day I arrived at 2pm, as the lady told me the previous day, and everything was in order. My attorney also verified that my Escrituria / Title / Fideicomiso was properly registered with RPP. I hope this meets the concern that V raised with this thread. Thanks to all.
If I remember V, I had to take the orignals and copies of: Passport, FM3, Title, whichever term we want to use here. The gal did not want every single page so told me what she needed and that is when I went across the street. I don't remember if required but I took CFE and Telmex bills; and I took copies of paid receipts and bills for the past two years of Predial bills plus the one I had just paid. When I went back the following day they gave me a receipt that it was all done. I guess the proof will be evident the next time the Predial is due to be paid.
This is where it may get murky, T.J.. I think the Cedula Catastral is a document which shows the officially accepted, appraised value of the property. The person from whom you bought probably had one, or the notary would have required him to get one. I want to get one, but the notary tells me it will have to be issued in the name of the bank. I don´t have a Catastral, though I paid 4,000 pesos for an appraisal done at the notary´s behest. As I understand it, you haven´t yet seen if the predial will be billed in your name and, since you spoke of being given a ¨receipt¨ following your visit to the Catastro, I don´t know if you have yet gotten a Cedula Catastral in your name. I frankly don´t know how important this document is to have at this point, I´m just trying to pick up the pieces that seem to be lying around, given the seemingly sloppy work done by my notary.
In my case, the property tax(predial)bill was in the name of the previous owner registered with Catastro. When I cancelled the Fideicomiso/Trust (since I am now a Mexican Citizen), the Notario produced a Title/escrtitura showing me as the owner of the property. That title is then registered with Registro Público and the next tax bill shows up in my name.
