Today I read a story from azcentral.com that made me sick. It is about the woes that come with buying property in Mexico. Unfortunately many Americans have been misled and defrauded in shady deals to buy property in Mexico. The article goes into detail about several investors and buyers who have lost an extraordinary amount of money. It is estimated that over $100,000,000.00 have been swindled away from buyers and investors in these deals to buy property in Rocky Point, Mexico. This is very disheartening for many people who invested their savings.

Worst of all, the United States and the Mexican governments have not come to the buyers and investors aid. In fact, they all seem to be passing the buck. Lawsuits have been filed but nothing has made anything better. Only finger pointing and bickering continue, no actual end is in sight.

Only time will tell what will happen, but one thing is for sure, "Buyer Beware" if you plan to invest in Mexico Real Estate. Do your homework and due diligence before buying property in another country. The laws of our country do not hold any ground in those countries, and you might be in for a lot of heartache if you do not know what could happen to you and your money when investing on foreign property.

Please read this article:

http://www.azcentral.com/news/articles/1125rockypoint1125.html