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FIRST TITLE SERVICES DELIVERS THE FIRST BANK TRUST AT LAS PALMAS CONDIMINIUMS March 11, 2011 - Rosarito Beach, Mexico - Starting in October of 2010, First Title Services was hired by the developer of Las Palmas Condominiums, to manage the HOA for their 93 unit, architecturally recognized development. The development is located five minutes South of Rosarito Beach, a popular resort destination for Americans and Canadians.
One of the most challenging obstacles at the project was to successfully deliver a Bank Trust to a foreigner. The issues which kept the buyers from taking title were very confusing to the consumers. First Title Services knew they would have to roll up their sleeves to understand the issues and to be able to explain the story in a clear manner to the buyers. After identifying and resolving the underlying issues with the water company and the state government, who had incorrectly put an assessment on the development, First Title Services took the first Bank Trust to the county recorders office last Wednesday and on Friday the Bank Trust was recorded publicly. First Title Services' legal experts are now able to review with all current buyers as well as new buyers the process to obtain their Bank Trust at Las Palmas.
About First Title Services First Title Services, S de RL de CV. (FTS) a Mexican Corporation, is a leading provider of Real Estate related services in Mexico specializing on creating safe, cost effective and efficient real estate transaction for foreigners. Through its advanced processing systems, FTS leverages their many years of experience in both the Mexican and US markets, to offer a full suite of services which include a team of in-house attorneys and business professionals that facilitate, Title Searches, Title Policies, Escrow, Closings, Lending, Immigration, Home Owner Association Management and Property Management. More information is available at www.1sttitleservices.com.
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