Sparks Mexico Web Realestate « Sparks Mexico Web


Sparks Mexico Web

Mexico Realestate

Coastal or Border Property
The Mexican Constitution prohibits direct ownership by foreigners of real estate within 100 kilometers (about 62 miles) of any border, and within 50 kilometers (about 31 miles) of any coastline. In order to permit foreign investment in these areas, the Mexican government has created a trust mechanism (contrato de fideicomiso) in which a bank has title to the property, but a trust beneficiary enjoys the benefits of ownership. The Bank Trust Agreement (contrato de fideicomiso) allows for renewable long term leases that may be sold or enjoyed by your heirs.

Ejidal Land Anywhere
If you have ever thought of investing or have invested in Mexican real estate you have probably heard the word “presta nombre” used. But what is a “presta nombre”? Most people that I have talked to or worked with that have used a “presta nombre” describe it to me as “the man (or woman) whose name my property is in”. In short, it consists of buying a property and putting it in someone else’s name. But why would anyone want to do this? And the bigger questions, is this legal?

This Website pages

On-Going Annual Obligations
Ejidal Property
Real Estate & the Law in Mexico
Banks, Trusts & Trust Fees
Can I Buy Ejido Land?
Ejido – Taking Away the Fear for Foreigners
Owning Land in Mexico

  External Realestate Info

Buying Property in Mexico
Foreigners Purchasing Real Estate in Mexico
Realestate in Mexican Law