'Articles from 2010' Category


sizzling event 2011

Thursday, July 21st, 2011

THIS MARCH 31, BEGINS THE COLLECTION OF THE RED CROSS PEÑASCO

Friday, April 1st, 2011


It will be next March 31 when starting the National Collection of Mexican Red Cross delegation to Puerto Penasco, and will be there until May 1, whose goal is to raise 250,000 pesos, said Jorge Valdez Felix.
The Chairman of the distinguished institution indicated that in this municipal collection will be present in the main boulevards, cruises, businesses and schools in the city, and where the boat will participate in the board members and volunteers.
He stressed that this activity is attached to the national and state collection officially kick off the morning of March 31 in Mexico City, where the first donation to the worthy institution is made by the president, Felipe Calderón, also said, in the State of Sonora is made by the Governor Guillermo Padres, and Puerto Penasco responsible for jump-start the municipal collection does President Alejandro Zepeda Munro, to kick off 33 days of collection.
“It’s a bit difficult to predict and set ourselves a target, as in the best times of Peñasco as we collectively were 280 thousand pesos, now with the economic situation we are in is difficult, but we want to raise 250 thousand pesos, offices that already sent to different schools so that we agendas, “said Felix Valdez.
He said he was very active during these days of collection for the Red Cross Penasco, it said, but fortunately these altruistic activities fall in the days of Easter, where the influx of tourists in this port will benefit when it intends to collect.
“The collection is the responsibility of the board, so we must put to hard on the chamber pot, while aid workers and Red Cross people will be aware of emergency calls in the Easter holidays,” enunciated .
He noted that without this collection that takes place annually, the functions of the Red Cross would be difficult to develop, it said, over the years are few contributions that are made to the worthy institution which is requested by understanding and support of the community of Puerto Peñasco

The pinacate

Saturday, October 2nd, 2010

Enjoy de spectacular scenery, abundant photo opportunities and extraordinary comfort. Our professional tour guides will take you to places you never imagined would be close to Puerto Peñasco.
El Pinacate reveals thousand year-old gigantic craters which are one mile in diameter and 360 feet deep, more than one million acres of sand dunes and majestic granite mountains. Nature lover will discover an amazing varied animal and plant life.

Unusual beauty scenery and large biological diversity

throughout history El Pinacate has been considered as one of the most arid and inhospitable regions of the Sonoran Desert. El Pinacate is not far from being a biologically rich region. The volcanic shield of El Pinacate and the ocean of stabilized, semi-stabilized and active sand dunes that surround it form the core of the Great Desert and extend 1,765,706 acres.
Recent activity has turned this area into an open air biological laboratory. It’s biological diversity and unusual beauty has captured the interest of researchers, naturalists and tourists throughout the world.
All biological groups of higher vertebrates are represented despite de scarce rainfalls, lack of surface water and extreme summer temperatures which can reach over 110 F degrees. There are 41 native mammal and five introduced species. Five of these are in the protected category: The Pronghorn Antelope, Desert Bighorn Sheep, Badger, Desert Foxes and Long Nosed Bats.

Field of Dunes and Volcanic Gigantic Maar-type Craters
The majestic granite mountain ranges, enormous field of dunes and 1,250,000 acres of volcanic shield with gigantic Maar-type craters without a doubt have turned El Pinacate into one of the world’s most interesting tourist attractions. Additionally this region contains an excellent representation of the Mexican Sonoran Desert ecosystems.
To visit El Pinacate National Park is to meet with millenary events that are engraved in the Dark rocks and to perceive ancestral songs floating in the deserts silence.

Location
El Pinacate National Park is a biosphere reserve located in Northwestern of Mexico, east of the Sea of Cortez (Gulf of California) in the Sonoran Desert which is directly below the border US state of Arizona and north of the town of Puerto Peñasco Sonora (Rocky Point).
It is one of the most strikingly visible land forms in North America when viewed from space. Much of its landscape is formed of a volcano system of cylinder cones known as El Pinacate

source: www.sonorandeserttours.com

CEDO (Intercultural Center for the Study of Deserts and Oceans) is proud to announce the declaration of Bahía San Jorge’s wetlands as Wetlands of International Importance

Saturday, October 2nd, 2010

As part of the celebration of World Wetlands Day on February 2nd, the Secretary of Environment and Natural Resources (SEMARNAT), Juan Rafael Elvira Quesada, announced the addition of the wetlands at Bahía San Jorge as one of seven new sites in the List of Wetlands of International Importance of the Ramsar Convention in 2010.

During the memorial ceremony on the island of San Pedro, in Yuriria, Guanajuato, the Secretary said that with this designation Mexico is now second in the world, behind only the United Kingdom, in the number of Ramsar sites it currently has. One hundred and thirty one sites exist and cover a total surface of eight million, 915 thousand, 433.7 hectares. The Convention on Wetlands, signed in Ramsar, Iran in 1971, is an intergovernmental treaty, which provides the framework for national action and international cooperation on the conservation and wise use of wetlands and their resources. Mexico joined the Convention on November 4, 1986.

The wetlands of Bahía San Jorge extend over more than 35 linear kilometers of coastline, from the northern tip of Estero Almejas to the southern tip of Estero San Francisquito. This Ramsar site brings together a combination of habitats, marshes, low intertidal mud, salt marshes, coastal dunes, sandy beaches, permanent shallow marine waters and wetland-terrestrial interface, connecting the earth system with one of the most productive marine systems world, the Gulf of California, and are in turn connected to the Sonoran Desert.

Currently, this area is of great importance for fisheries and aquaculture production, and for species, such as rays, guitarfish, shark, octopus, shrimp, and crab. Like other estuaries in the region, Bahía San Jorge’s wetlands serve as nesting, resting and feeding grounds for migratory and resident birds that are part of the Pacific Flyway, including species like the least tern, the American oystercatcher and savanna sparrow. The canals and marshes of the site serve as refuge and feeding areas for the larval and juvenile stages of fish and invertebrates, and as well as for feeding grounds for marine species. Bahía San Jorge also hosts a resident population of the bottlenose dolphin, an endangered species. There are also endemic species not found anywhere else in the world there, like the fisherman myotis bat.

The declaration of the Bahía San Jorge’s wetlands as Wetlands of International Importance increases support for conservation and sustainable use, which helps protect its ecological integrity, and continues to maintain important ecological functions and environmental services.

Source: CedoIntercultural. Gob

Mexio Economy looks to US Companies

Tuesday, August 3rd, 2010

With all the hype about immigration, the economy, the relative negative connotation,  there are good things coming from both. As much as some won’t like to hear it, Mexican companies are making headway in the US economy, thus strengthening their own. Mexican investors are taking advantage of the depressed US market, and in some cases, taking over US brands. Millions of pesos are being invested here in the USA to open up factories and create lots of jobs. Jorge Smeke, a professor of business at Iberoamerican University in Mexico City said that “These companies show we’re not just a bunch of uneducated migrants.”  He couldn’t have been more right with so many Mexican investors putting money into Saks Fifth Avenue to Borden Milk to Sea Side Mexico and its real estate counterpart, Realty Executives.

With all this new investment in the USA by Mexican companies, recent statistics show that about 60,000 Americans are employed by Mexican companies. The year 2009 was good to two of the largest food based Latin American companies. Mexico’s largest dairy company, Grupo Lala, based in Durango, is one of the newcomers to the USA. Their first plant was bought in 2007 in Omaha, NE. In 2009, Lala purchased National Dairy Holdings, which controls the Borden brand. Grupo Bimbo, Latin Americas largest baked goods company has also grown in the USA. In 2009, Grupo Bimbo bought Western foods, which took over 4,000 distribution routes and 22 bakeries.

Also in 2009, Realty Executives took a dip on the other side of the border, with its new owner, Steve Schwab, and then made a turn back to the USA. Realty Executives takes its fair part of the market share in the real estate world now with offices in most every state in the continental USA and being ever-expanding. In the same real estate vein, Sea Side Mexico, Mexico’s newest and fastest growing franchise property management company started its own state side property management company. Arizona Lodging Experts is its flag ship company, and is ever expanding to the rest of the southwest USA. Sea Side Mexico holds a large percentage of the market share for property rentals and management south of the border.

Mexico is slowly making its mark on the world by expanding its reach in so many diverse companies in the USA, and also overseas. In 2008, Cemex became so huge because Mexico acquired Rinker Group, from Australia to the tune of $14 billion. This acquisition also put 415 plants in the United States. The company Cemex produces concrete, cement, gravel, and other building materials.

All this expansion is great for both sides of the border. While creating jobs to help re-habilitate the weakened American economy, it is strengthening the Mexican economy. People don’t realize that Mexico is an important country not only for us here in the United States, but to the world.

Mexico is home to the world’s richest man, Carlos Slim, who also is setting up shop in the USA. He has upped his stake in Saks Fifth Avenue from 11% to 18%, and he also bought a 7% share in The New York Times Co. His company America Movil, which runs Tracfone, Straight Talk, and Net 10 has seen a 26% increase in subscribers since 2008 as well.

From Gruma, the world’s largest maker of tortillas, who makes 47% of its sales in the USA and Europe to Realty Executives ans Sea Side Mexico and their subsidieries making strides in the USA and Mexico alike, growth and expansion is inevitable for Mexico. It is making its mark on the world, and for the benefit of everyone. The USA is gaining jobs and tax money, and Mexico is making a strong hold for their own economy back home.

AARP Rates Mexico as #1 retirement destination.

Thursday, July 29th, 2010

AARP has just published an article that will be of interest to all of us in Mexico – they have rated Puerto Vallarta as the #1 place to Retire Abroad.  This is excellent news for all of us, since it reflects the amenities and safety of living in Mexico.

Just a brief update on my view of the Mexico real estate market.  Thanks to my loyal real estate agents and developers who refer business to us, Mortgages In Mexico continues on a record pace – we are the busiest we have ever been in the nearly 6 years of doing mortgages in Mexico.  I appreciate your referrals very much.  Although there are overall fewer transactions in Mexico this year than over the last several years, a much greater number of these transactions include mortgage financing.  It has taken awhile for mortgage financing to be an easy and viable alternative to purchasing in Mexico, but it looks like mortgage financing is now being accepted by real estate agents, developers, sellers, and buyers as a preferred way to purchase property in Mexico.  Financing still has many “gotcha’s” that can “getcha”, so it is important to work with a full-time mortgage broker in Mexico who has experienced many of the potential problems that can come up.  There is no substitute for experience in Mexico, and I’m currently the most experienced loan officer in Mexico.  More importantly, since none of us can do this business alone, I am most proud of the team of professionals we have assembled who understand the importance of “gringo-style service” that is expected from our Canadian and US buyers.  Even if you don’t have a buyer you are currently working with, I encourage you to call me on the phone and let’s get a line of communication and a relationship started that will pay dividends when you DO get a buyer who wants financing.  I will be happy to give you an overview of the mortgage process in Mexico and answer any questions you may have.  Most of you do not want to become mortgage experts, but you do want to know enough about mortgage lending in Mexico so that you can speak intelligently to your buyer when the subject of mortgage financing comes up.  I can give you enough information to look professional and knowledgeable before you refer them to me for the specific details they are interested in.  It is a big part of my job to make YOU look good because you referred your buyers to Mortgages In Mexico to do the loan.  I have developed some excellent mortgage tools you can use with your buyers which I can share with you when you contact me.  Remember, we can do loans on homes, condos, and lots 2,000 m2 or less.

Why are many more Mexico transactions including mortgage financing?

1) It has become more difficult to get an equity loan in the US and Canada – underwriting guidelines are tougher, interest rates are higher, and equity in real estate is much less now than it was 2 years ago.

2) Cash is King – Buyers want to hold on to as much cash as possible.  They can do this by leveraging their purchase with a mortgage loan using their Mexico property as the security for the loan.  This also protects the remaining equity they DO have in the US and Canada.  Their equity represents a ready reserve for emergencies or even other investment opportunities that may arise in this economy.

3) Once cash is invested in a property in Mexico, it is difficult to pull this equity back out again, so it often doesn’t make sense to tie up their cash in real estate in Mexico when they can invest only a small downpayment rather than pay all cash.  There are no Home Equity Lines of Credit in Mexico like there is in the US and Canada.  The only way to pull cash out of a Mexico property is to sell the property, or get a cash-out refinance from us on their Mexico property.  In fact, many of you are referring your previous buyers to me because they are calling you up and asking if they can refinance their existing home in Mexico so they can get some cash.  The maximum loan possible is only 50% of the current value, and there are closing costs on top of this, so it is an expensive endeavor, and the result is very little cash can be pulled out.  It is better to put less money into the property initially and to keep the cash.  If people have a specific maximum payment in mind for Mexico, I can determine the loan amount that represents this payment and they can then put down the required downpayment.

4) Interest rates are at an all-time low in Mexico, and interest IS tax deductible on US taxes.  Although interest is not deductible for Canadians, we are still doing a lot of loans for Canadians as their economy continues to out-perform the US economy.

Developers (and real estate agents representing these developments) should also keep in mind that I can work with you to make your development stand out from the others when you offer excellent long-term financing.  You can even offer to pay for some or all of the buyer closing costs, which increases your eligible buyer pool significantly.  One of the biggest hurdles for potential buyers is a 25% downpayment AND high closing costs.  Give me a call and we can discuss this further.

We expect the market to continue to improve as the US economy strengthens and interest rates remain low.  2010 is a record year for us, and we expect 2011 to be even stronger than 2010.  Success breeds success, and I want to help you be as successful as possible by increasing your sales using mortgages in Mexico.  Look at my website and give me a call – let’s talk!

We have heard rumors of hard times and recession.  We have chosen not to participate and our business is booming.

Doug Jones, President (NMLS Lic# 139824)