Documented cases of fraud, regulatory violations, developer shutdowns, and government warnings affecting real estate buyers in the Yucatan Peninsula and Quintana Roo.
He had spent thirty-four years as a pipefitter in Ontario. She had taught elementary school. They had done everything right — and then Mexico real estate took it all.
Quintana Roo’s irregular development list just grew to 118 — and buyers were still signing contracts on flagged projects while authorities were shutting them down.
A certified broker, a licensed notary, a model home on a finished street — and buyers still lost everything. This is how Merida’s preventa fraud actually worked.
Eighteen developments shut down in Tulum. Developers were still marketing them while authorities were closing them in. Here’s what buyers were never told.
Two men in custody. Twenty-two victims. More than 12 million pesos gone. They signed at a notary and never owned the property.
The Quintana Roo government named 26 Tulum developments selling properties without legal permits. Fourteen cleared the list. Twelve didn’t. Here’s what buyers who had already signed faced.
Two Mexican nationals arrested for selling properties they didn’t own. Nearly a million dollars gone. The mechanics of this fraud are identical to what buyers face in Mexico every day.
