Your Name:
Your Email Address:
To: (Email)
Subject:
Message:
Email Preview:

Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

American Loans for Mexican Homes
Due to the strengthening of the housing market in the United States and Mexico, more homebuyers today are looking to purchase highly sought after Mexican Real Estate. Especially with the implementation of US title insurance and financing. These changes in the market place have created tremendous advantages and demand for real estate in Mexico.
The Restricted Zone
Foreigners may acquire direct ownership of property in the interior of Mexico; however, the Mexican Constitution regulates land ownership and establishes states that "...in a zone of 100 kilometers (about 62 miles) along any border or 50 kilometers (about 31 miles) along the coast, a foreigner cannot acquire direct ownership of this land." This zone is known as the "restricted zone" or "prohibited zone." Foreigners must use a trust to buy property within this zone.  A real estate trust must be set up to hold title for the foreigner.  Since foreigners are not able to enter into contracts to hold title to real estate in the restricted zone, they must have a bank act on their behalf. 
The Mexican Trust Foreign investment in these restricted areas is possible through the use of a "fideicomiso" (fee-day-e-co-me-so), which is a Mexican real estate trust that was created ... more

__________________________________________________
Are you on The Rain? Grow Your Network!




Spam prevention