Rosarito, Baja California, Mexico - Yesterday members of the Terrazas Del Mar Homeowners Association met and discussed their impending eviction as a result of several fraudulent real estate transactions which began with Grupo Lagza and its owners Ricardo Zazueta and Carlos Lagos Yagues. Some had tears in their eyes and some faces were red with anger.

Residents stand to lose millions of dollars in land and materials used to build their homes over the past several years. UNICRECOPE was a small credit union who loaned money to the original owner of the property and is now dead. Lagza sold the properties to hundreds of families knowing they had a lien against them. The loan which was secured by all of the properties in Terrazas Del Mar is now being called and the whole chaotic problem is being reviewed by a group of magistrates in Mexicali and a final decision is to be made on Tuesday May 12th. It takes three magistrates to decide in favor of the credit union but if just one of the magistrates decides against credit union then the residents will win.

One resident said "if they think the swine flu affected the mexican stock market wait until this hits the press." Many believe that if the story reaches China it could drastically affect how this Chinese are currently viewing Baja as a potential place for investments.

Many American residents are angry and have expressed their desire to continue with public protests which were going to happen last summer but Carlos Lagos Yagues and his attorneys Lic. Contreras met with Mayor Hugo Torres and signed an agreement to begin refunding money to property owners and/or replace their properties with one of equal value in other areas being sold by Grupo Lagza. Residents state that Grupo Lagza has not come through with their agreement.

One resident stated "If all goes negative against us we will continue with protests planned last summer." These protests include marches in Rosarito, and at the Mexican Consulate offices in San Diego and Tijuana. They stated that a plan to protest at the border to stop all traffic from going into Mexico may also be held in order to gain bi-national awareness of the fraudulent real estate transactions that occur in Mexico. Other groups will be passing out flyers to warn people to not buy real estate in Baja. Sales people from Grupo Lagza continue to sell parcels in Terrazas Del Mar without informing prospective buyers of the impending decision. Terrazas Del Mar residents have many groups involved in the U.S. who are sympathetic to their cause.

According to sources who wished to remain annonymous Carlos Lagos Yagues, and Ricardo Zazueta Villegas have personal ties with Jorge Hank Rohn former mayor of Tijuana who also has ties with the Arellano-Felix cartel. Ricardo Zazueta Villegas is currently running for the political position with PRI of Diputado District 8 which covers Rosarito and Tijuana. Many believe that he is being backed monetarily by the Arrellano-Felix cartel in order to gain control in government to ease the flow of drugs to the U.S.

Since the new mayors of Tijuana and Rosarito have been working with the new President of Mexico Felipe Calderon there have been several arrests and the drug cartels have been loosing ground. By having the cartels backing PRI they can regain the territory lost and once again have better ease in transporting their shipments of drugs to the U.S.

Some have expressed their desire to have the FBI investigate Carlos Lagos Yagues and Ricardo Zazueta Villegas as both have properties in the San Diego area. Others stated that they may file a complaint with the Postmaster General for mail fraud as some were making payments to Carlos Lagos Yagues to a post office box.

Sent in from the Baja Free Press.