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....
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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....
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Congratulations! You have decided to purchase a new property in Mexico, and you have seen quite a few advertisements regarding presale properties. ...
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North Americans are familiar with the concept of Escrow Accounts. The buyer deposits the funds with an Escrow Agent who will disburse them only according to the instructions agreed upon between the buyer and the seller. ...
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Breach of contract in construction work can occur in Mexico and the most common occurrence is when the contractor does not finish the work as per the contract specifications. ...
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