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:
Mexico Escrow
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
Escrows and Mexico Real Estate
If you are an American or Canadian who is considering purchasing Mexico real estate then using escrow is probably the ideal situation for you. You can deposit 100 percent of the purchase price in an escrow account or use a combination of direct down payment with the outstanding balance in the escrow account. Sometimes … [Read more...] about Escrows and Mexico Real Estate