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New Bank Trust Law – How Long Will it Take? How Promising?

April 26, 2013 How to Buy Real Estate in Mexico Safely

So, every one, from large international news sources like Washington Post to small-scale investors in Mexico real estate, is talking about the newly proposed law  that would modify the country’s Constitution to allow direct ownership of coastal and border lands by non-Mexicans. But now we all have to wonder – how long will it take for this [...]

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Bill To Eliminate Bank Trust – What’s the Next Step?

April 25, 2013 Mexico Fideicomiso / Bank Trusts

On Tuesday afternoon, we shared the exciting news that Mexico’s Chamber of Deputies (equivalent to House of Representatives) passed a bill to allow for direct ownership of Mexico real estate by non-Mexicans, eliminating the need for ownership by means of a bank trust. Yesterday, I did some research on the remaining steps.  While passing the Chamber [...]

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BREAKING NEWS – Bill to Eliminate Mexico’s Bank Trust Passes First Step!

April 23, 2013 Mexico Fideicomiso / Bank Trust

We’ve received some very exciting and important news: It looks very likely that Americans, Canadians and other non-Mexicans will no longer be required to own property in Mexico by means of a Bank Trust! The Bill Passes the Chamber of Deputies This afternoon, Mexico’s lower legislative house (“Chamber of Deputies” which is basically the same [...]

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No More Bank Trust for Mexico Real Estate Buyers?!?

April 5, 2013 Mexico Fideicomiso / Bank Trust

Yesterday, a reliable Mexican newspaper called Milenio announced that 3 of Mexico’s federal representatives have proposed a bill to remove the need for ownership by means of a Bank Trust (or “fideicomiso” in Spanish) and allow for direct ownership.  If this bill is passed to law, it would make it simpler and even less expensive [...]

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March Madness for Costa Maya Real Estate – Spring Parades & Solar Panels

April 4, 2013 Costa Maya Real Estate

The Costa Maya real estate and vacation rental business was booming in March with lots of visitors, both Mexican and foreigners coming to enjoy Mahahual.  Most of our clients were not visiting for the first time and were staying in beach houses to really get a feel of what it would be like to own property [...]

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