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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 … [Read more...] about Using the Apostille in the Mexico Real Estate Transaction
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 … [Read more...] about Mexico Real Estate Aquisition Process; The Post Closing
If the Mexico real estate property 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 rights, the … [Read more...] about Mexico Real Estate Purchasing Process; The Foreign Relations Permit
Mexico Condominium Regime; Investigate the Status A word of caution for those who are considering the purchase of a Mexico condominium or a lot in a subdivision Just as in other countries, the unit, or lot must be legally described and an individual property tax number issued This individual property must be … [Read more...] about Purchasing Your Mexico Dream Home; Condo Regime Part 6
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 … [Read more...] about Yucatan Real Estate; Rectifying the property measurements
So, you have found your Mexico real estate property Or in my case, you have found a property in Yucatan, we have negotiated and signed a contract, you have paid your Mexico earnest money deposit and contracted with a notario/attorney to handle your closing. You have decided to either utilize the Fideicomiso, … [Read more...] about The Mexico Real Estate Closing Process
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 a valid ownership … [Read more...] about Purchasing Your Mexico Dream Home; The Bank Trust Part 4
I remember when I first started looking for property for myself down in Mexico. I will admit that I was pretty confident and made...quite a few mistakes mainly by trying to do various things on my own I was a strong believer in my own investigative abilities, I knew how to negotiate in Mexico, and I had seen my good … [Read more...] about Tips on How to Begin a Property Search in Mexico
