Archive for the ‘Buying and selling property’ Category

Bank Trust and Notary Services

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…)

Mexican Property Law

Mexican Property Law Matters

REAL ESTATE AND TIME-SHARES: U.S. citizens should be aware of the risks inherent in purchasing real estate in Mexico, and should exercise extreme caution before entering into any form of commitment to invest in property there. (more…)

Real Property Purchases

Real property taxation in Mexico
Mexico Taxes when purchasing a property

U.S. and Canadian buyers of real estate in Baja California are surprised at how high “closing costs in Mexico” are at the moment of property title transfer. The seller pays almost no taxes for the sale if it is their permanent home and can demonstrate that with utility bills in their name and identification listing the property as their domicile. If it is income property or an unimproved lot, the taxes to the seller are a 26 percent tax (impuestos sobre la renta) of the sales price or property appraisal, whichever is highest. And the buyer pays 4.3% of the sales price. Appraisals are typically one half the sales prices. (more…)

Trust Purchases

Trust Purchases

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

Trust vs. Corporation

Buying Real Estate in Mexico

Friday, 14 March 2008

Buying Real Estate in Mexico:

Fideicomiso or Mexican Corporation?

(more…)

About Stewart Title

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…)

Benefits for Realtors and Developers – Title Insurance

  • 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 and Closing Services

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

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…)

Why Title Insurance?

Why Title Insurance?

When you decide to buy a property you must be certain that after the sale has been completed you will be the true owner of the property. You need to be confident that no liens, encumbrances or other impediments will prevent your free use and enjoyment of the property. (more…)

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