Guaranty of Title

Posted by MexLaw

[vc_row triangle_shape="no"][vc_column offset="vc_col-lg-12 vc_col-md-12"][vc_column_text]Buying real estate in Mexico can be a daunting experience, we have all heard stories in the news about foreigners losing their Mexican property. These unfortunate stories could have been prevented if they had purchased their property through proper legal channels. The majority of foreigners who buy Mexican real estate will receive a clear title deed on the property. However, some foreigners neglect to have a lawyer perform due diligence and may never receive the title deed. Foreigners risk losing their investment if they do not hire a reputable law firm to represent them and guarantee they receive...

12 March

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Closing Services

Posted by MexLaw

[vc_row triangle_shape="no"][vc_column offset="vc_col-lg-12 vc_col-md-12"][vc_empty_space][vc_column_text] MexLaw closing services are the most comprehensive in the Mexican real estate market. Closing, also known as completion, is the final step in executing a real estate transaction. At MexLaw we provide our clients with a one-on-one consultation to review the steps of the real estate transaction, answer any questions and provide the client with a closing estimate cost before the process begins. If you are not able to remain in Mexico throughout the closing process, we offer a power of attorney service which will enable us to act on your behalf. MexLaw will conduct due diligence on the...

12 March

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Escrow Services

Posted by MexLaw

[vc_row triangle_shape="no"][vc_column offset="vc_col-lg-12 vc_col-md-12"][vc_empty_space][vc_column_text] As an investor, it is vital to consider how your payment or deposit will be held during the completion of mutual obligations in any contract. Escrow services provide a neutral third party which holds the funds in compliance with the instructions of all the parties to an agreement. Neither party may access the funds until all of the obligations of the parties are satisfied. Mexican lawyers, Notaries and real estate agents cannot legally hold funds “In Trust.” Mexico does not have the Escrow Services which are available in Canada or the US. In Mexico, funds are customarily held...

02 March

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Advice From the Accountants at MexTax About Capital Gains

Posted by Mexlaw

in Accounting, MexLaw

Real estate transactions in Mexico typically involve a profit for the seller, and on that profit, the seller is expected to pay capital gains tax. The tax is classified as ISR (Impuesto Sobre la Renta) and applies as an income tax. Whether you are a foreigner or Mexican national, you will be subject to this tax. However, an experienced Mexican accountant can assess your situation and find the best way to reduce or avoid the capital gains tax. Before you complete the sale of your property, you are advised to seek the advice of an accountant in Mexico. The assessment...

02 March

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Generate Income From Seller Financing

Posted by Mexlaw

in MexLaw, Real Estate

Most people would agree that selling your home is one of the most stressful events in one's life. It is time consuming, emotional, and a lot of work with repairs and touch-ups. Also, the endless housekeeping to make sure it is presentable for viewing at all times and leaving the property each time a realtor calls. It feels as though your life is literally on hold, just waiting for the big sale so you can walk away and begin a new chapter in your life. It is no wonder most of us just want it over and done with it....