How to Purchasing a Property in Mexico
Purchasing a Property in Mexico It Is important for you to understand the process of buying a property in Mexico. The process for foreigners buying properties in Mexico is similar to the United States, yet some extra steps are required. The most notable of these extra steps are the requirements of registering and obtaining permission from Mexico's Secretary of Foreign Relations, and if you are buying in the "Restricted Zone·, which is the area within 100 kilometers of any national border and within 50 kilometers of any coastline, establishing a Bank trust The Real Estate Bank Trust also known in Spanish as "Fideicomiso", is a trust agreement that you establish with a Mexican bank in order to hold title to a property (both you and the bank are named in the title documents) (works similar to a Family Trust or Living Trust entities known in USA, Canada or Europe. This trust deed assures foreign property buyers of all the rights and privileges of ownership while acquir