How does an owner hold title to a lot inside Las Lomas del Mar?
If you are a Mexican citizen, you can purchase property inside LOA through a standard form of Escritura and own it outright. If you are a foreigner, your ownership is accomplished through the use of a Trust (Fideicomiso) where actual title to the property is held in Trust for you in the name of Mexican bank of your choosing. Under the Trust system foreign owners have full ownership privileges that are renewable in 50-year increments. These privileges include the right to build, improve, transfer and sell the property to others. None of the 360 lots inside LOA are on Ejido land. Check with a qualified Notario and/or real estate person for a detailed explanation.
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