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31 October
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MEXLAW Escrow Service Protects Your Real Estate Investment in Mexico

Posted by Mexlaw
in MexLaw, Real Estate

  Escrow is a legal process designed to protect the interests of both the buyer and the seller, acting as an impartial third party ensuring security for both sides. That third party should be a trustworthy law firm authorized to handle escrow accounts in Mexico. Real Estate Escrow The seller has assurance the buyer is committed to the purchase by placing money in trust as a deposit. The buyer is protected by ensuring the money is held in trust until the seller provides clear title, and all other stipulations that were included in the contract are complete. The traditional escrow accounts which we are...

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19 October
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Top 10 Questions Foreigners Ask About Buying Mexican Real Estate

Posted by Mexlaw
in MexLaw, Real Estate

  These are 10 of the most common questions our real estate attorneys at MEXLAW hear on a daily basis; they are the experts when it comes to helping foreigners buy Mexican real estate. Is it safe to buy real estate in Mexico? Yes, but it is crucial to use a Mexican real estate attorney to ensure you receive the title on the property. The attorney performs a complete title search,  including the chain of ownership to ensure this seller has the right to sell, and that no others are waiting to take possession of the property. This search will also reveal...

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05 October
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Expats and Capital Gains Tax on Mexican Real Estate

Posted by Mexlaw
in MexLaw, Real Estate

Who is Considered a Taxable Resident? When we talk about taxes in Mexico, it is important to know if you fall under the category “Taxable Resident,” According to the Mexican Tax Code a foreigner is considered a Mexican Tax resident if: You have established a place of residence in Mexico; If you also own a home in Mexico and another country, you will be considered a tax resident of Mexico if your center of vital interests are in Mexico; or more than 50 percent of your total income is derived from Mexican sources; and your primary professional activities are carried out in...

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14 September
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Cautionary Advice About Ejido Land For Foreigners Looking To Invest In Mexico

Posted by Mexlaw
in MexLaw, Real Estate

You may have heard stories of foreigners having issues with their Mexican property — in many cases, this used to be because the land they purchased was Ejido property.  Ejido (pronounced eh-hee-dough) was a product of the Mexican Revolution of 1910. It was a collective communal organization in which the government granted land to communities for farming and raising families, while retaining ownership under Agrarian Law. One of its main purposes was to break up large privately owned estates into smaller parcels, returning the land to the people and ensuring that poor farmers had property to work. These parcels were passed...

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12 September
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Our Favorite Top 10 Reasons to Retire in Mexico

Posted by Mexlaw
in MexLaw, Real Estate

There are many top 10 lists on why you should retire in Mexico, but the truth is there are too many reasons to list. It is paradise, plain and simple, but what other benefits are there to retiring in Mexico? Here are some of our favorites: In the Riviera Maya, we need to mention the Caribbean ocean with the world's most beautiful white sand beaches and turquoise water, along with warm weather all year around, these factors will affect your ability to slow down and relax.  Mexico is close to home; it is within close proximity to Canada and the...

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