THE MEXICO REAL ESTATE BUYING PROCESS PART II (Fideicomiso or FOMC) This is a continuation of my previous post- Buying in The Yucatan Real Estate Market While touring Yucatan properties with your agent, you will want to engage in a conversation about Fideicomisos and FOMC (Foreign Owned Mexican Corporations) to … [Read more...] about Mexico Real Estate; When to Use a Bank Trust and When to Use a Mexico Corporation to Hold Title
Mexico Fideicomiso / Bank Trust
Q: In the Mexico Real Estate Market, Can we Use One Bank Trust to Own Several Properties
A common qustions we have in the Mexico Real Estate market when assisting non Mexican investors or buyers is Q.) "Would we be able to use the same Mexico bank trust for multiple purchases or does each property have to have its own trust" A good question. Our panel of Mexico Real Estate experts will answer … [Read more...] about Q: In the Mexico Real Estate Market, Can we Use One Bank Trust to Own Several Properties
The Mexico Bank Trust for Ownership of Real Property
Article 27 of the Constitution of the Republic of Mexico prohibits foreign ownership of real property located within 30 miles of any coastline or 60 miles of either border This is referred to as the Mexico restricted zone Owning within the Mexico Restricted Zone In 1973, recognizing that many Americans would enjoy … [Read more...] about The Mexico Bank Trust for Ownership of Real Property
How Secure Is Your Mexico Real Estate Investment
All too often citizens of the United States, Canada and other countries ASSUME that property purchases are carried out automatically in Mexico in a manner similar to that of their native countries The first law of property purchase in Mexico is DON`T ASSUME anything! Purchasing property is NOT the same as in other … [Read more...] about How Secure Is Your Mexico Real Estate Investment
When To Pay Your Mexico Real Estate Bank Trust Maintenance Fees
I recently had the question from a client "When do I need to pay the annual maintenance of my Mexico bank trust of my Mexico property" Yes, it s that time of year again and property taxes and Bank Trust maintenance fees are becoming due Some of you may not be property investors yet but are seriously studying over the … [Read more...] about When To Pay Your Mexico Real Estate Bank Trust Maintenance Fees
MEXICO BANK TRUSTS: TIPS TO REVIEW
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 If you are unfamiliar with the Mexican … [Read more...] about MEXICO BANK TRUSTS: TIPS TO REVIEW
Mexico Real Estate Purchase Real Life Example
"Amazing, the closings on real estate that I normally purchase last about 4 hours....this one in Mexico only took 40 minutes!" - A Client from Lloyd`s Real Estate who purchased a Condo in Playa del Carmen, Mexico There are various activites realized in a Mexico Real Estate Closing process (see definition of … [Read more...] about Mexico Real Estate Purchase Real Life Example
How to Buy Property in Mexico; The Mexico Bank Trust Part II
After many long hours and several months of studies, I am happy to state I have another Mexico Real Estate diploma under my belt I enjoy the studies to refresh my memories about the Mexico law pertaining to real estate (Dr. Carlos Calvo for example) but also to learn more issues or expand upon new issues regarding … [Read more...] about How to Buy Property in Mexico; The Mexico Bank Trust Part II