{"id":216,"date":"2009-05-26T13:03:36","date_gmt":"2009-05-26T06:03:36","guid":{"rendered":"https:\/\/www.topmexicorealestate.com\/temp-blog\/?p=216"},"modified":"2014-11-04T01:01:28","modified_gmt":"2014-11-04T07:01:28","slug":"purchasing-your-mexico-real-estate-through-seller-financing","status":"publish","type":"post","link":"https:\/\/www.topmexicorealestate.com\/blog\/2009\/05\/purchasing-your-mexico-real-estate-through-seller-financing\/","title":{"rendered":"Purchasing Your Mexico Real Estate Through Seller Financing"},"content":{"rendered":"

The Mexico real estate market has gone through various changes over the last several years Title insurance, escrow accounts, and financing are new options and tools now available to help the non-Mexican acquire La Paz real estate properties and even properties throughout various regions of Mexico.<\/p>\n

\"LaUntil recently, most Mexico homes and condominiums were for sale for all cash or financed by the seller With the advent of NAFTA however, several mortgage companies have entered the Los Cabos and Cancun real estate marketplaces and offer long-term financing for qualified buyers If you are considering financing your purchase, and are buying in a location where financing is offered, it makes sense to investigate the terms and plans available, select the company of your choice and make lender approval a condition for the purchase<\/p>\n

If the seller will be financing your purchase, request that title be transferred to you and a pledge guarantee contract executed guaranteeing payment Traditionally, sellers have preferred to hold title to the rights in their name and transfer title to the rights only upon receipt of payment in full from the buyer Meanwhile, however, the seller may die, may disappear, may go bankrupt… a risky situation for the buyer The prudent buyer will insist upon a transfer of title and registration of a mortgage or pledge in which he gives his rights in the property as security for payment of the remaining purchase price In the event of default by the buyer, the seller must conduct a proceeding similar to a judicial foreclosure in the United States and Canada It is troublesome, as is any foreclosure in any country in the world but not notably more problematical The registered title and recorded pledge or mortgage provide the buyer a greater comfort level in his investment The lender also enjoys protection in having his loan recorded and will have an established legal proceeding to follow in the event of default by the buyer<\/p>\n

Author Linda Neil<\/strong> has over 35 years of hands on experience in all aspects of Mexican real estate. She holds membership in AMPI, NAR, and FIABCI and PROFECO Certificate 00063\/96. Current member of the national advisory board of AMPI she is the owner broker of LINDA NEIL PROPERTIES for more information <\/em>(512)-879-6546 www.TOP<\/span>mexicorealestate.com<\/a><\/p>\n

“Where 11 TOP <\/span><\/strong>real estate experts from ALL regions of Mexico come together to share their Tips & Knowledge <\/strong>to help you buy safely !”<\/em><\/p>\n\n\n\n
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Want to see Real Estate <\/strong><\/p>\n

See properties for sale in my region. CLICK HERE<\/a><\/td>\n

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Where & How to buy real estate in Mexico. CLICK HERE<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"Page<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The Mexico real estate market has gone through various changes over the last several years Title insurance, escrow accounts, and financing are new options and tools now available to help the non-Mexican acquire La Paz real estate properties and even properties throughout various regions of Mexico. Until recently, most Mexico homes and condominiums were for […]<\/p>\n","protected":false},"author":11,"featured_media":13477,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[77,476,270,254,298],"tags":[108,1539,109],"class_list":{"0":"post-216","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-how-to-buy-real-estate-in-mexico","8":"category-la-paz-real-estate-mexico-cities","9":"category-mexico-cities","10":"category-mexico-investment-property","11":"category-mexico-loans-mortgages","12":"tag-mexico-financing","13":"tag-mexico-homes","14":"tag-mexico-mortgages","15":"entry"},"_links":{"self":[{"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/posts\/216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/comments?post=216"}],"version-history":[{"count":2,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/posts\/216\/revisions"}],"predecessor-version":[{"id":9312,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/posts\/216\/revisions\/9312"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/media\/13477"}],"wp:attachment":[{"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/media?parent=216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/categories?post=216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.topmexicorealestate.com\/blog\/wp-json\/wp\/v2\/tags?post=216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}