In the 1917 United Mexican States Constitution, in their 27th article points out that ownership of the lands and waters within the boundaries of the national territory is vested originally in the Nation, which has had, and has, the right to transmit title thereof to private persons, thereby constituting private property. (more…)

Real Estate & Finance

The Apostille, making a document legal for use in Mexico

By Linda Neil

In Mexico, the ONLY authority permitted to draft a deed transferring real property or an interest in real property (such as the fideicomiso) is the Mexican Notary Public. This person is different from a notary public in the United States where a simple exam, a bond, and a rubber stamp can make a notary public out of most people. Nor is it similar to Canada’s Notary Public who must meet a few more stringent requirements to qualify. Not so many, however as the Mexican Notary. (more…)

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…)

Owning Real Estate in Mexico

BUYING MEXICAN REAL ESTATE

Mexico has thousands of miles of pristine coastline, wonderful colonial cities which boast architectural wonders stretching back many hundreds of years, and diverse expatriate communities of Americans and Canadians scattered throughout the country. The Mexican government is encouraging the expansion of tourism and investment in Mexico. Anyone can acquire real estate in Mexico if some simple rules are understood. (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…)

Buying Real Estate in Mexico