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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
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
I am sure you have all wondered when vacationing down in Mexico, "what happens to me if I lose mytourist card , also known as a FMT ( Forma Migratoria Turista)" . The tourist visa is the document that you get on the plane or as you drive across, fill out, and then hand to the customs/immigration officer He then stamps … [Read more...] about What to Do If You Lose or Never Receive Your Mexico Tourist Card!
If you are selling your Property here in Mexico, the Mexican notary public will require several documents to be present for the closing process If you want a refresh on what all is involved during the Mexico Real Estate closing process click here to see a previous post that I wrote outlining these steps If you are a … [Read more...] about Selling Your Mexican Property These Are Some of the Documents Required
While working here in the Playa del Carmen real estate industry, we come across frequently asked questions by many of our buyers. I thought a good subject to touch upon this week would be to hit on some of these subjects. Also, this past week, the Riviera Maya real estate organization of AMPI, which I am a member, … [Read more...] about Playa del Carmen Condo Regime
