Select Mexico Properties

Yes, you read that right: safety, ownership and real estate in Mexico all used in the same sentence! It’s true. If you do your research, you’ll find that some key changes have been made to ownership rights in Mexico. These changes now allow foreign investors to own property – including coastal property – in Mexico. Mexico’s new laws provide excellent safety and security for investors, and that has opened up the floodgates! Prospective buyers are in the area every day looking at the properties for sale here.

Owning property in Mexico is neither difficult nor risky. A relatively new vehicle, known as a fideicomiso – or bank trust – provides you with the ownership rights and security you want. It also provides the surety that lenders look for when they’re considering a real estate loan application.

A fideicomiso is a required vehicle for people who want to own property within 50 km of a coastline in Mexico. Essentially, a bank holds the deed for your land in trust. You are the beneficiary of the trust and the bank is obligated to act in your sole interest. The fideicomiso essentially creates fee-simple ownership for these special properties. Fee-simple ownership is likely the type of ownership you enjoy on your residence or other properties you may possess.

Since the advent of the fideicomiso in Mexican real estate transactions, not one single owner who has set up a fideicomiso has lost his or her ownership rights to land in Mexico. Not one. The nightmares you have heard about people losing their land interest, or the investments they’ve made in improving the land are a thing of the past, as long as you’ve established a fideicomiso to hold the title to your property.

Property ownership laws in Mexico have reduced the risk of buying real estate in Mexico. With the properties for sale by Select Mexico Properties, you can also purchase title insurance from First American Title or Stewart Title to further secure your investment. If you would like more information about buying land or building homes through Select Mexico Properties, please don’t wait! Contact a Select Mexico Properties sales representative today!