Timeshares: If it sounds too good to be true…

Posted by MexLaw

Maybe you met the incredibly persuasive timeshare salespeople at the airport when you landed in Cancun. Or, perhaps you signed up for the timeshare talk just to get some free drinks or an excursion. Whatever the circumstances, during your meeting with the incredibly friendly and outgoing timeshare salesperson, you looked out over the incredible resort with the blue skies overhead and the turquoise Caribbean lapping at white sands, and just knew, you want this opportunity! ...

20 February

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Can Foreigners Buy Property in Mexico? Bank Trusts vs. Corporations

Posted by MexLaw

in Legal Services, MexLaw, Real Estate

A common question asked of real estate agents is “Can foreigners purchase property in Mexico?” The simple answer is absolutely! Not only is it possible, but it is also quite popular, especially in tourist destinations like the Riviera Maya, Puerto Vallarta, Riviera Nayarit, and Baja California....

20 December

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Financing Your Property Purchase in Mexico

Posted by MexLaw

in MexLaw, Real Estate

Financing for foreigners purchasing real estate in Mexico is extremely limited. Mexican Banks do not lend money to foreigners, whether they are permanent or temporary residents, unless they have a minimum of two years of banking history with them....

14 November

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The IRS Wants to Know – Reporting Requirements for US Citizens

Posted by MexLaw

in Accounting, MexLaw

There appears to be some confusion as to what needs to be reported to the IRS by US citizens owning property in Mexico. Some US based accountants and tax preparers provide contradictory information and instructions to their clients. ...

03 November

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Buying Presale Property in Mexico

Posted by MexLaw

in MexLaw, Real Estate

Congratulations! You have decided to purchase a new property in Mexico, and you have seen quite a few advertisements regarding presale properties. ...