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Being so close to Mexico, the real estate market is so tempting! It is so important if you are thinking about buying property in Mexico you understand the laws and requirements before entering into contract. Thomas Lloyd is providing us with a priceless education! As I am a Notary Public in the US, this information has taught me something new today!

Via Thomas Lloyd - Mexico Broker Referral Program (Top Mexico Real Estate):

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

Mexico ApostilleThe Notary Public in Mexico must be an attorney, must have a minimum of five years of practical experience in the profession, must pass a highly technical examination AND then be appointed as a Notary Public by the Governor of the state in which he or she is working The number of Notaries Public depends upon the number of people in the state A new Notary is appointed only as the population grows above a certain size the Mexican Notary Public has many duties, but one of the most important is the drafting of deeds for transfer of real property Anytime a signature is required on a deed of transfer it must be made before the Mexican Notary Public

As of now, foreigners buying and selling their rights in the Playa del Carmen real estate market, in the Cancun real estate market, or any property within the “restricted” zone, through fideicomiso rights, do not always have to appear before the Mexican Notary Public in order to transfer their interest in the real estate These transfers in many cases may be made by having instructions signed in the buyer or seller's place of residence and “legalized” or “authenticated” for use in Mexico This same process can be used for a power of attorney document in the event buyer's or seller's signature is required And what is a “legalized” or “authenticated” document

No matter what the document, it must be signed before a Notary Public in the place of residence; California, Arizona, Calgary, Vancouver…..or wherever Once signed before the Notary Public in the place of residence it must be “legalized” or “authenticated” in order to be considered as valid in Mexico This means that a designated public official performs a government act and certifies to the genuineness of the signature and the seal, and the position of the official who has executed, issued or certified a copy of a document

In 1981 the Convention abolishing the Requirement of Legalization for Foreign Public Documents entered into force in the United States Under the Convention, (signed in the Hague, Holland), signatory countries, including both the United States and Mexico, but not Canada, agreed to mutually recognize each other's “public documents” so long as such documents are authenticated by an apostille, a form of internationally recognized notarization The apostille ensures that public documents issued in one signatory country will be recognized as valid in another signatory country

Thus, if the document required for a Mexican transaction has been notarized in the United States it must then be sent to the nearest office of the Secretary of State and an “Apostille” obtained A search under state government in the yellow pages should reveal the telephone and location of the closest office of the Secretary of State The document to be authenticated through an Apostille can probably be sent through the mail and should not cost more than $25.00 U.S. dlls.

It is important to allow for extra time to accomplish this step Other countries that are signatories to the Hague Convention are, to name a few; Germany, Argentina, Australia, Australia, Austria, Bahamas, Spain, Israel, France, Greece and Norway.

All countries which are not signatories to the Hague Convention, such as Canada, must authenticate documents to be used in Mexico by obtaining a “legalization” or ratification of their document from the nearest Mexican Consulate It maintains a list of authorized Notaries with samples of their signatures and is able to ratify the authenticity of the Notary's signature

Many people object to the time involved and the additional step required to “authenticate” a signature for legal use in Mexico It is less expensive and less time consuming, however, than making a special trip to Mexico in order to sign a document before a Mexican Notary

 

"Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely!"
Thomas Lloyd, graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years.  Mexico Real Estate Degree & Professional Identificacion Number S.E.P. #5978657. He is the current president of TOPmexicorealestate

Making the Home of Your Dreams A Reality. As your Agent of Possibility it is my intent to make your home buying or selling process a smooth one!

Please feel free to Subscribe to All Possibilities Throughout San Diego or contact me at 619-838-4408. 

                                                     

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6 Comments on Using the Apostille in the Mexico Real Estate Transaction

FEB
04
2010
731,135 Points 144 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

wow, that sounds too complicated. Pass the queso and beer! lol.

7:40pm • #1
FEB
05
2010
241,469 Points 20 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Stephanie....What a process!  It certainly seems to very complex.  One would really need to have a strong desire to own property in Mexico to navigate it.

Cosmic Cow

11:11am • #2
MAR
26
2010

So what is the difference between using an Apostille in Mexico vs using a Notario?

-Kelly

http://www.getsmartnotary.com/

online notary class
1:50pm • #3
APR
20
2010
150,532 Points

Hello Stephanie,

I was just browsing and came across your post...THANK YOU VERY MUCH !!.

 

The process of investing, buying properties is actually quite easy.  The apostile process is used IF, the buyer or seller are not able to be present in Mexico during the closing.  Usually, a limited power of attorney will be established to a person in Mexico if buyer/seller cannot be present.  If this is not possible, the third option used is the apostille....

 

apostille is also used to authenticate foreign documents for the Mexican courts.  I have done the process several times in situations apart from real estate.  I was able to coordinate the operation from long distance and it all went quite smoothly.  (authenticating my birth certificate, and some other official documents)

cheers up north.  and thanks again Stephanie

 

 

12:27am • #4
MAY
31
2010
If you need help with apostille or get apostille info go here: www.apostillepros.com
Jerad
12:39pm • #5
JUL
05
2010

this blog is quite good.thanks for the  information.<a href="http://www.
ukreplacemantcertificate.co.uk"uk official certificates</a>

uk birth certificate
1:27am • #6

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Stephanie Reynolds East County San Diego Homes 619-838-4408

Santee, CA

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Integrity First Financial Group, Inc.

Address: Santee, Lakeside, El Cajon, Alpine, La Mesa, Spring Valley, Lemon Grove, East County San Diego, Santee, CA, 92071

Office Phone: (619) 838-4408

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