Important notes:

• Typically ALL closing costs are paid by the buyer, each operation differs in terms of the costs, but it can be a considerable amount and should always be investigated before closing
• ALL paperwork (the deed, lien search, etc.) should be reviewed by a notary and a lawyer before laying down any money (more…)

The WHAT, WHY and HOW of closing costs…..

Estimated Closing Costs is a list of the standard charges involved in the transfer of the rights in the property purchased in Mexico. The total cost can vary depending upon the circumstances. It is generally prudent, however, for the buyer to set aside 3% to 14% of his budget to pay these costs. (more…)

Foreign ownership of Mexican property is now secure. In recent years, the laws regarding property ownership in Mexico have changed dramatically for non-Mexican citizens. The advent of NAFTA, improved world-wide technology and sweeping changes in Mexican politics have made purchasing property in Mexico a much easier and more secure process, especially for residents of Canada and the United States. (more…)

Trust Purchases

“TRUST” PURCHASING RESIDENCES
IN MEXICO
By Mitch Creekmore
Stewart Title Guaranty Company
Mexico Division (more…)

About Stewart Title

Recognized as a leader in the title insurance industry, Stewart Title’s reputation is backed by a century-old tradition of solid financial strength. Attorneys, developers, investors, lenders and commercial buyers and sellers throughout the world look for financial stability when selecting a title insurance company. As the only title insurer to increase reserves and surplus consecutively for more than 32 years, Stewart Title provides policyholders the ownership security essential to land transactions. (more…)

• Presence of Stewart services provides security, transparency and eases transaction worries for all parties
• Reduces administrative burden for Realtor or Developer
• Establishes standardized closing process
• Escrow reduces the liabilities of handling client’s funds and ensures that commissions will be paid (more…)

Escrow; Third Party Security

When purchasing a property one of the most important issues to address for both a buyer and seller is how and under what conditions the funds will be safely transferred. In an international transaction this issue is even more important as it is often complicated, as both the purchaser and seller may not be familiar or comfortable having funds deposited in an unfamiliar jurisdiction, or with an unfamiliar attorney or bank. (more…)

Understanding the Closing Process Flow

Hiring a professional firm to handle your closing process is the first step, but do you know what else you need to ensure a successful closing?

A new country means a whole new set of rules when it comes to real estate transactions. The keys to a successful closing are communication, organization and professional help. (more…)