None of us like to think about it, but we will all eventually leave this life. All of your worldly possessions will be passed on to your rightful heir(s). The percentage of North Americans who own property or are planning on purchasing real estate in Mexico is growing leaps and bounds. The question on their mind, … [Read more...] about Who Will Inherit Property That I Own in Mexico?
This week Top Mexico will be presenting its´ latest webinar entitled ¨Safely Purchasing Property in Mexico¨. I´m sure all of you can´t wait for it to begin, so I will dedicate today´s blog to the subject which I will be speaking about. I´ve included special mention of the role played by your lawyer and the notary … [Read more...] about Lawyers, Notaries and the Purchase Process
The notary public is one of the most important figures that you will deal with when purchasing property in Mexico. They are a public officer constituted by law to serve the public in matters usually concerned with estates, deeds, powers-of-attorney, and foreign and international business. Their main functions are to … [Read more...] about The Mexican Notary Public
If you are considering purchasing property in Mexico then it is suggested that you obtain the services of a professional law firm. It´s stressful enough to buy a home, and when you are a foreigner this process can be made much easier by hiring someone who understand the law and the steps involved in order to make sure … [Read more...] about Why You Need a Lawyer When Purchasing Property in Mexico
Purchasing Property in Mexico: Part 2 In this edition of purchasing property in Mexico we will discuss the details by which non-Mexicans can buy property in the restricted zones, and why non-Mexicans need a bank trust or Mexican corporation to purchases in those zone. Based on Article 27 of the Mexican … [Read more...] about Purchasing Property in Mexico: Bank Trust and Restricted Zones
“Buyer beware in Mexico!” reads a giant headline in one of Canada's leading national newspapers – The Globe and Mail. What's the message? Are they telling you something that brokers and sellers in Mexico won't? If you read the article's information – a story about “a property dispute that has put [some … [Read more...] about “Buyer beware in Mexico!” How Big is the Risk of Legal Issues?
Mexico’s immigration and residency laws are a very important theme for anyone considering buying Mexico real estate, since most buyers will be living in Mexico at least part time among other related benefits and paperwork. The theme is especially exciting now since in early November, the government implemented a new … [Read more...] about Mexico Real Estate & the New Immigration Laws! Part I – Residency Status & Requirements
An Agreement is defined by Mexican Legislation and the Mexico law as a voluntary pact to create, transfer, modify and/or extinguish rights or obligations; furthermore The Federal Mexican Civil Code and legal doctrine establishes that an agreement is binding when the following elements are met: Existence Items.- … [Read more...] about What makes a Mexico real estate contract legal and binding?