| Owning Property in Mexico |
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There are many misconceptions about owning property in Mexico. Here are some key facts:
1. Non-Mexicans CAN securely hold title to property in Mexico. Land that is located along
Mexico's coasts and in other restricted areas can be owned by foreigners via a Real Estate
Trust, or "Fideicomiso". Essentially, the foreign buyer creates a Trust, through a Mexican
bank, which holds the property title. The bank, regulated by governmental agencies, acts as
trustee on behalf of the beneficiary - you. These Trusts are established for up to 50 years and
then renewed in increments of 50 years. You, the beneficiary of the Trust - and no one else -
have all rights of ownership, including selling or leasing the property. The property also
becomes part of your estate and can be passed on to heirs without inheritance tax.
The "Fideicomiso" trust arrangement should not be confused with the leasing of property.
Leasing should be avoided, because someone else holds title to and rights over the land! There
are tragic stories of foreigners losing land and homes that they thought were theirs forever
when leases were withdrawn.
For more information about the "fideicomiso" system, read: "Buying Property in Mexico".
2. Mortgages are not typically available in Mexico, but we will consider financing and
payment terms. Property in Mexico is generally purchased on a cash basis, but purchase terms
can be worked out between the buyer and seller.
3. Title Insurance is not required in Mexico, but it is available for lots in Costa Cardonal.
We have purchased Title Insurance for the entire property through a reputable US company
(Fidelity National Financial, Inc.) and are assured of the validity of our title to the property.
We would be happy to assist you in acquiring Title Insurance on your lot, and would encourage
you to do so. We want you to feel absolutely secure.
1. Non-Mexicans CAN securely hold title to property in Mexico. Land that is located along
Mexico's coasts and in other restricted areas can be owned by foreigners via a Real Estate
Trust, or "Fideicomiso". Essentially, the foreign buyer creates a Trust, through a Mexican
bank, which holds the property title. The bank, regulated by governmental agencies, acts as
trustee on behalf of the beneficiary - you. These Trusts are established for up to 50 years and
then renewed in increments of 50 years. You, the beneficiary of the Trust - and no one else -
have all rights of ownership, including selling or leasing the property. The property also
becomes part of your estate and can be passed on to heirs without inheritance tax.
The "Fideicomiso" trust arrangement should not be confused with the leasing of property.
Leasing should be avoided, because someone else holds title to and rights over the land! There
are tragic stories of foreigners losing land and homes that they thought were theirs forever
when leases were withdrawn.
For more information about the "fideicomiso" system, read: "Buying Property in Mexico".
2. Mortgages are not typically available in Mexico, but we will consider financing and
payment terms. Property in Mexico is generally purchased on a cash basis, but purchase terms
can be worked out between the buyer and seller.
3. Title Insurance is not required in Mexico, but it is available for lots in Costa Cardonal.
We have purchased Title Insurance for the entire property through a reputable US company
(Fidelity National Financial, Inc.) and are assured of the validity of our title to the property.
We would be happy to assist you in acquiring Title Insurance on your lot, and would encourage
you to do so. We want you to feel absolutely secure.
| Costa Cardonal ..a desert sanctuary beside a tropical sea. |
