March 1, 2007

March Update

Posted in Newsletter at 11:29 pm by osmx

La Paz Update March 2007

Hóla

I don’t know if March came in like a lamb or a lion.  Somewhere in between I think.  Nice day but a little cool and breezy.

Carnaval is over for another year.  The turn out was good.  Colorful parades, lots of vender’s hawking their wares, with lots of food, cotton candy and music with bands all along the malecon.  Plus of course all the amusement rides and bumper cars.

According to a newspaper article the downtown renovation project has been canceled.  I guess the politicians couldn’t agree on anything.

Construction has been halted on the Marina Sur development.  From what I could get out of the newspaper article is that the developer has not yet donated back certain areas that they agreed to as part of the deal to buy the land to develop.  Probably more political stuff.

I heard there was some activity scheduled today for the El Mogote, Paraiso del Mar project.  Still have not seen any homes or condos going up.  Maybe next month.

The Maravia project is moving along well.  There are only a few lots left with a water view in Phase I.  The other lots will have views of a golf course or mountains.  So if you would like to be 30 minutes from town you can get a lot starting at $55,000 and your choice of 12 house plans.  Depending on the lot location you have to build within 6 months to a year.

Conficasa International has added a couple more new plans..  CASH OUT  If you have a free and clear home in Mexico you can pull cash out up to 50% of the appraised value.  Also their new premier VI loan will help people that may be a little credit challenged but have strong assets and cash flow in their portfolio.  They will tolerate lower credit scores. 80% LTV for full or limited documentation and LTV of 75% for stated income loans.   No other lender has this flexibility.

Check my web site http://osmx.com for information about buying property in Mexico.  Lots of info on the LINKS page also.  You might want to subscribe to the FREE ezine Bajainsider for lots of info on Baja Mexico.

Don’t forget the daylight savings time change on the 11th this year.  And don’t drink to much green beer on St. Patrick’s day.

Enjoy the month.

Regards

Gordon

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