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Real Estate

MEXLAW > Real Estate (Page 10)

Foreigners Living, Retiring or Investing in Mexico, Choosing the Right Attorney

The first decision to consider is whether you prefer a local lawyer or an international law firm; both have their advantages, but an international company will offer the same type of service and standards you are accustomed to back home. Keep these points in mind when selecting your attorney: Do they have a proper website and an established office in the area, avoid an attorney that works out of the coffee shop. Seek recommendations from people you know and explore expat forums, you should take their comments with a grain of salt, but you will get a good...

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Buying Mexican Real Estate, Who is Looking Out for Your Best Interest?

If you are purchasing property in Mexico, your real estate agent may choose to hire a Closing Coordinator to collect all the documents required to close the deal. The Closing Coordinator is typically an independent professional that is involved in many different real estate transactions and will communicate with the buyer, seller, real estate agents, appraiser, the Notario, bank of the Fideicomiso, and the government agencies. They are an impartial representative and organize the groundwork for the Notario. Although the Closing Coordinator may be an attorney with experience in real estate transactions, he or she is not your Real Estate Attorney and...

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10 Reasons Mexican Property Owners Need a Will

Without a Will prepared in Mexico, you are allowing the Mexican government to handle and disburse your estate. Foreigners living in Mexico are well advised to have a Mexican Will as there are no survivor rights in Mexico and property held in trust may not be enough protection for you and your family.   10 Reasons you should contact MEXLAW to have a Will prepared; A foreign Will will require a professional translation and verification, and this may be an expensive process for your heirs. American documents need to be apostilled, and notarized in the U.S., and translated into Spanish by a...

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Simple Check List for Condominium Buyers in Mexico From the Real Estate experts at MEXLAW

  Condo life is not for everyone; it has some disadvantages, but it can also be a perfect way to vacation, invest or live in Mexico. Condominiums offer a low maintenance lifestyle with plenty of perks. Before you decide on a condo, do your research, review our checklist to see if your potential investment qualifies to be your new home. There are many important legal matters to deal with during a real estate purchase, which you will discuss with your attorney, but these simple points should be considered before you choose your condo. Review The Condominium Regime. This important document is...

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Warning Signs You Should Not Ignore When Buying Mexican Real Estate

Buying real estate in paradise can be a challenge, as is any financial exchange in a foreign country, it can be confusing and stressful. Dealing with different procedures and laws you need a professional in your corner guiding you through the process for a safe and secure purchase. Be warned by these comments commonly heard during real estate negotiations. We will provide financing for you! Buying from a developer that offers you financing? Sounds great, but you may not receive the property title until you have paid off your home. In the meantime, this developer may have financial problems and liens...

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