A Prestanombre

A Prestanombre, which translates to borrowed name, is exactly that. When purchasing a property using a borrowed name the investor is entrusting a legally qualified buyer to purchase the property on his or her behalf.  
It is very important to note that when using a prestanombe the title and posesion rights are granted in the name of the prestanombre, and not the investor. Trust is a major issue. The PROCEDE process provides a much safer means of purchasing ejido land.