BANK TRUSTS UPDATE from your HOA President

BANK TRUSTS UPDATE from your HOA President

 

As I have mentioned in the monthly meetings of the HOA, the company has been working with Bancomer
to have them release the lots that have not been issued their bank trusts. The draft of the deed for releasing the lots from the Master Trust was sent to Bancomer by the Notary around the end of the June. The company is now pressuring them to finish their review in order to sign. Once the documents are returned to Penasco, the Notary will then make final review and record. Once this happens then the company can then proceed to finish transfer to the owners in the same manner as the previous lots were recorded.

Mike Dugan