IF Baja Developments or other parties wins a lawsuit against Loreto TSD, and the defendant doesn’t have enough cash to pay off the lawsuit, wouldn’t they be able to take posession of any properties owned by Loreto TSD to pay off the potential amount of the money won in a lawsuit? Wouldn’t this include the Hotel, golf course, land where homes haven’t yet been built but which is owned by TSD Loreto, basically all property owned by TSD Loreto which isn’t owned by the homeowners?

And, isn’t FONATUR simply reopening the hotel and golf course as a courtesy? They don’t actually own any part of the Loreto Bay development, do they? Can they dictate what any new buyer must do? And, what would any potential buyer actually be buying? The hotel, the golf course, etc.? Would a potential buyer be bound, somehow, to build homes they might not be able to sell, given the downturn in the real estate and credit markets?

Finally, my heart goes out to the homeowners as well as the investors in TSD Loreto. I really sympathize with all involved parties, and certainly hope this turns around somehow, and everyone can get that sustainable community which originally attracted them. Loreto is such a lovely spot, and I have to believe that somehow things will work out.