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Mexico real estate, it is necessary for non-Mexican buyers to work with the most qualified professionals to help ensure that they minimalize risks involved in buying in different country and culture with which they many not be familiar. In this video, Thomas Lloyd, founder and president of TOPMexicoRealEstate.com; "Your Expert Property-Finders," interviews Ivan Castillo of Stewart Title.

 

Ivan points out that Stewart Title can coordinate every step of the closing itself, "from the minute the buyer walks in the door with the documents to the moment they are recognized as the new owner of the property," including notary publics, appraisals, obtaining documentation, creating legal documents.

 

TOPMexicoRealEstate.com; Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely

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Escrow Account

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Escrow Account

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Stewart Title. In this second part of the interview, Ivan discusses the benefits of an escrow account in a Mexico real estate purchase. An escrow account is a safe form of depositing and holding large payments, with exact instructions included as to when these funds can be released to the seller. Stewart Title offers this service, advising buyers on payment terms.

 

Thomas and Ivan continue, discussing the benefits of title research and title insurance. Both are necessary steps for the buyer, ensuring that the legal status of the property is such that it can be legally acquired by the buyer without outstanding financial obligations, etc. Ivan explains some of the process, as well as time line and benefits of this service.

 

TOPMexicoRealEstate.com; Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely

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Title Insurance

Legal

Title Insurance

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Category: Legal

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Stewart Title's Ivan Castillo, the benefits and process of obtaining title insurance for Mexico real estate is discussed.

 

Ivan points out that the insurance provides a type of security for the buyer. The title company researches the chain of title, measuring risk for both investor and insurance company, creating a title commitment letter. After the deed is recorded in the public registry, making the change of ownership official, the title company can carry out the procedure of issuing a title insurance policy. Ivan discusses further details as well as time line.

 

TOPMexicoRealEstate, dedicated to providing safety for non-Mexican buyers acquiring property in Mexico, general advises buyers to make use of a title company in order to help minimize unnecessary risks.

 

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Novocancun - Rental Project Projection

Legal

Novocancun - Rental Project Projection

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Cancun condos and homes. This is the 4th part of the interview, following Part 3 in which the project delivery date is discussed.

 

In addition to Cancun's wide, soft beaches that stretch on for miles and miles, and the area's vibrant night life, two features which make these luxury Mexico condos even more attractive to vacationers are the marina and upscale shopping area next to it.

 

The marina has a world-class yacht club, and space for over 300 boats. The out-door shopping center is only a few yards from the marina, and includes a boardwalk with speciality shops, cafes restaurants and bars.

In Part 5 of the interview, Lloyd and Bora discuss the developer of this project.

 

TOPMexicoRealEstate.com; Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely

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