If you're thinking about buying a home in Mexico, you're likely to hear the term "escrow" or "depósito en garantía". Let's discuss what an escrow account in Mexico is, how it works, and how it can help you. What is an escrow? An escrow is a legal arrangement in which a third party holds a guarantee until a … [Read more...] about Escrow account in Mexico Real Estate:
Escrow Services
What is Escrow and Why Do I Need it to Purchase a Home in Mexico?Â
When you decide to purchase real estate in Mexico, there is a purchasing processes you need to follow. This process – even in Mexico – is very similar to most countries. It includes an Offer and Acceptance Contract, Sales Agreement, Financial and Closing Contract, and the possible addendums attached to each of … [Read more...] about What is Escrow and Why Do I Need it to Purchase a Home in Mexico?Â
What Are Escrow Services?
Today we look at Escrow services and how they help buyers purchase property safely and securely. In order to get a better understanding of how escrows work I spoke with Ivan Castillo, a Mexico Real Estate Attorney who is currently the Regional Manager for Stewart Title – Latin America Division in Mexico. Stewart … [Read more...] about What Are Escrow Services?