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Ten Rules For Buying Property in Mexico

Here are 10 rules to follow when buying property in Mexico:

1- Get title insurance from an American Company. Stewart Title's been insuring property in mexico since 1994. First American and Land America insure down there also. Mexican sellers (and their agents) will tell you you don't need it but do NOT listen. You need title insurance or NO deal.

2- Check to see how you have to hold title. The "restricted zone' for foreigners is100km from a border and 50km from the coast. Baja California peninsula is, in effect, completely in the restricted zone. You can hold property fee-simple in outide of the restricted zone but need to use a bank trust or fideicomiso

READ ON

Posted by Brian Brady- America's VA Home Loan Broker on 08/31/2006 06:55 PM

Comments (8)

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Originally posted at: America's #1 Mortgage Broker: Ten Rules For Buying Property in Mexico

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8 Comments on Ten Rules For Buying Property in Mexico

AUG

2006

Good information, I have clients that are looking down there. Thanks for the hot tips.

SEP

2006

Excellent information on how to purchase real estate in Mexico. I'm actually working with a fractional share realtor from Hawaii that wants to work with a number of Marriott Time share clients. We maybe interested in any contacts you have in decent resort area's.

SEP

2006

Strong info Brian i have learned alot from you. I have been hesitant towards mexican real estate. You should write more blogs on your experiences.

APR

2007

Great info. I was actually looking into buying some land in Baja but it is beach front. (restricted zone) He told me that i would need to open a mexican Corp and the bank holds the title for 50 years. Im still just begining the investigation process but its not looking to good with the restricted zoning and all. More homework i guess.

No, Brendan...NO, you don't! Call me and I'll walk you through it. Yo use a fideicomiso (bank trust)

MAY

2007

Any advise as to how to market Ocean front property about an hour South of Acapulco? I represent a mid-sized Developer and have had NO success in the past several months.