As an investor in Mexican real estate, it is essential to understand the title registration process and have reliable legal representation before you hand over your money. Foreigners risk losing everything if they do not hire a reputable law firm to represent them and ensure they receive the title on the property.
Foreigners looking to invest in a second property or retirement home are looking towards Mexico. The constant influx of tourists arriving on both coasts of Mexico, Riviera Nayarit, and the Riviera Maya indicate a demand for vacation rentals, is impacting foreign interest in real estate opportunities.
Both of these Mexican beach locations have a huge demand for rental properties with a growing number of travelers preferring to stay in private residences over big brand resorts.
If you have ever been mistreated by a business or service provider in Mexico, you may feel you do not have any recourse or options to resolve the issue. It seems the employees do not have the authority or the enthusiasm to deal with your complaint. If you feel you have been taken advantage of and do not get any satisfaction from the manager, you can contact the institution responsible for protecting consumer rights in Mexico. The Federal Customer protection Agency, is a government agency tasked with enforcing the law and investigating possible violations. They respond to complaints from residents and...
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According to a recent immigration census taken by the National Institute of Geography and Statistics and the US State Department one million Americans are living in Mexico and many do not have legal status. The census also reveals an increase since 2015 of 37.8% Americans overstaying their tourist permits, stating there were 673, 866 Americans living illegally in Mexico in 2015, and estimating the current numbers are at least 934,698. The majority of Americans residing in Mexico are retired and simply come on a tourist permit of 180-days, decide to stay but do not apply for their residency. It is easy...
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Foreigners thinking about buying property in Mexico may hear the term “due diligence” this is a vital step of purchasing real estate in Mexico. You may see in the news that foreigners have lost their property in Mexico, finding out the property had a developer or construction lien against it, the land was not authorized to be sold, real estate fraud or a long lost relative making claim on the land. Take the proper steps to prevent this situation from happening to you. Due diligence is the process performed that guarantees you do not lose possession of your property. Whether...
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