Real Estate
(520) 204 - 5450 US
PROPERTY OWNERSHIP IN MEXICO
In 1972 the government of Mexico initiated a legal process of entitlement to protect foreigners known as the Fideicomiso. Simply put, the government issues a permit to the Federally Chartered Bank of your choice. This allows the bank to hold title to the real estate as the "Trustee" for you, the "Beneficiary".
The law authorizes Mexican banking institutions as trustees to take instructions only from the beneficiary of the fideicomiso (the foreign purchaser). The beneficiary has the right to occupy, develop, improve, mortgage, and enjoy the property.
The beneficiary may also will or sell the rights and instruct the trustee to transfer title to a qualified owner. In 1993, the term of the Fideicomiso was extended to 50 years, with renewable periods. The renewal must be applied for within this 50 year term. This renewal process can be continued indefinitely, providing for long-term control of the asset. Thousands of people from countries around the world own real estate in many parts of Mexico.
I am an expert in property in Mexico. Whether it's real estate or land, I can help you find it here.
Call Today (520) 204 - 5450 US
Email Me: Julie@Juliekershner.com
