There are several articles about the Mexico Bank Trust “Fideicomiso” and how Mexican foreigners can acquire Mexican oceanfront real estateMy post below is an attempt to explain some of these TIPS ON ITEMS TO REVIEW IN YOUR MEXICO BANK TRUST.
MEXICO REAL ESTATE BANK TRUST
MEXICO REAL ESTATE TIPS
4) Finally, don t forget to review and compare set up fees and annual service fees that the bank will charge for holding your trust. If you don t need a full package, then ask your lawyer if he can get a better rate with a particular bank; sometimes for the volume of clients the lawyer sends to the bank he can obtain special discounts that you as an individual would not qualify. These small discounts add up.
There are many details surrounding the theme of Bank Trusts and their contracts, so please feel free to contact me if you have any further questions.
Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years. A Mexican Certified Realtor he is the current president of TOPmexicorealestate, you can contact him at (512) 879-6546 or through the company`s web site www.TOPmexicorealestate.com