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In Mexico, when a non-Mexican purchases property within the restricted zone, the non-Mexican has the choice to aquire the property using either a Mexico Bank Trust, or establishing a Mexico corporation who then acquires the asset. The restricted zone is an area of 50 km from any coastline and 100 Km from any country border such as United States, Beliz, and Guatemala.
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Call TOPMexicoRealEstate today at (512) 879-6546. In Mexico, retaining the services of EXPERIENCED professionals is the first step of buying property in Mexico SAFELY & EFFICIENTLY.
In the Mexico real estate purchase process, the ONLY authority permitted to draft a deed transferring real property or an interest in real property (such as the Mexico Bank Trust) is the Mexican Notary Public This person is different from a Notary Public in the United States where a simple exam, bond, and a rubber [...]
What you need to know after the closing.
Congratulations! You have signed and closed on your new home in Mexico. But now what Before purchasing your property, you found tons of information about the buying real estate in Mexico.
But what about after the closing Owning real estate in Mexico is very different from other [...]
If the Mexico real estateproperty you are purchasing is already in a trust (fedeicomiso) you may either: request assignment of the rights to you, or may request a new trust for fifty years If a new trust, a permit from the Secretary of Foreign Relations is required Whether a new trust or an assignment of [...]
The Mexico real estate industry is faced with many twists and turns that are not normally experienced in property transfers within our own home countriesFor example, it is common in some operations in the Yucatan real estate market the need to rectify property measurements If this occurs, this means most likely, that there is going [...]
I have been putting together various posts on the processes involved on how to buy Mexico real estate. You can see the previous posts on this series by clicking here Mexico Dream Home Below I will start to discuss the Mexico Bank Trust
Payment of the purchase price is not enough In order to have [...]
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