Mexican Real Estate

Paper Summary:

This paper examines how due to the similarities of real estate transactions in general, many Americans assume that the basic real estate terms and principles of the United States also hold true in Mexico. It looks at how many aspects of Mexican real estate are in fact completely different and therefore, a foreigner who wishes to purchase real estate in Mexico may face many obstacles to acquiring simple ownership. Before making a purchase, it is important to understand the terrain, its problems and advantages, as well as the area, the people and the corresponding real estate values.

Outline
Introduction
Different Laws in Mexico
Buying Property in Mexico
Financing and Deeding
Obtaining Title and Title Insurance
Changes Made for Foreign Investment

From the Paper:

"Mexican deeds are public instruments, which can be researched at the local Public Registry of Property (National Law Center for Inter-American Free Trade, 1997). There is a Public Registry of Property in most cities and towns throughout Mexico. These government offices are where documents are registered so that third parties can research the ownership of land titles and liens on such titles. A deed must be finalized and signed by a Mexican notary. The deed lists the parties involved in the transaction, including the notary, seller, buyer, and the trustee bank, as well as identifies the property."

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