ASSET SEARCH and RECOVERY
Asset Recovery Specialists work with you, bringing your property profitability
back under control.
We do the following searches:
A Preliminary Asset Search, which is designed to locate and identify
company or individual assets, such as real and/or personal property, vehicles,
watercraft or aircraft.
A Comprehensive Asset Search designed to document an identified
asset; this search includes detailed photographs, witness statements and
copies of foreign ownership documents if available.
Note: SEARCHES needs the name, address, social security number
and date of birth at minimum. Also desirable are names of family members,
names of current and prior companies and geographical locations where the
subject has lived, as well as any background information in your files.
Added information reduces the cost of the investigation
FULL SERVICE International Recovery of "misappropriated"
ships and yachts, vehicles, and motor homes; specializing in the Baja Peninsula
and the West Coast of Mainland Mexico.
What does a financial institution do when their contract goes into default,
and their collateral literally sails or drives away? It is true that
most financial institutions don't make loans on personal property located
outside their respective countries. However, Mexico is exactly where
many go when they are avoiding foreclosure or repossession.
RECOVERY
We specialize in the Baja Peninsula and the West
Coast of Mainland Mexico
FULL SERVICE: International recovery of "misappropriated"
ships and yachts, vehicles, and motor homes.
There are three types of recoveries:
VOLUNTARY REPOSSESSION
INVOLUNTARY REPOSSESSION
STOLEN & RECOVERY
VOLUNTARY REPOSSESSION implies the voluntary compliance of the
debtor who is in possession of the property, who gives the actual location
of the property, and who may or may not be present at the moment of the
repossession. The key criteria here is that the occupant does not in any
manner display any form of objection or inhibit the repossession, which
could be legally construed as a breach of peace.
Mexico will not allow repossession in a breach of peace situation and
our field agent could very well land in jail under such circumstances. In
such a case, we must desist all activity, and proceed as outlined under
Involuntary Repossessions.
In a voluntary repossession, there are generally no statutes prohibiting
the process, as it is a question of mutual consent, and a formal foreclosure
act is generally not required to affect the repossession. At this point,
we make a detailed inspection report, complete with photographs. Once in
our hands and in a safe port, we can hand over said property to the rightful owner's) or deliver that property to the U.S. border or a designated U.S.
location.
An INVOLUNTARY REPOSSESSION is where the occupant does not give
his/her express consent. In some countries, commercial law allows a financing
body to repossess an asset that was financed as collateral. In the event
the contractual conditions of the mortgage are not met, the financing body
(or legal owner) may repossess the property, without formal foreclosure
procedures PROVIDING that there is no breach of the peace. The key criteria
here is that the occupant does not in any manner display any form of objection
to or inhibit the repossession act which could be legally construed as or
give rise to a breach of the peace situation.
STOLEN & RECOVERY
Stolen and recovery are handled as an Involuntary repossession. If
the person's) in physical possession refuses to give up the
property, it becomes a police matter. The local authorizes will be notified
and the person may be taken into custody. The recovery of that property
will then be handled under the treaty between Mexico and the United States.
Reference: U.S. Treaties and other International Agreement (TIAS 10653)
Stolen and/or embezzled aircraft/motor vehicles/vessels signed by Mr. Robert
Krueger, USA and Sr. Hugo B. Margain, The United Mexican States, on June
28th, 1983. | 
