Topic: Fideicomiso
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WHO CAN I HIRE TO TAKE CARE OF BILLS AND FIDEICOMISO AND TAXES FO...
The fideicomiso will be taken care of by the lawyer you hire to handle your property purchase since they need to set it up to transfer the title. You can pay in advance. In fact if your property is under a certain value the banks generally ... Read More »
Source: http://answers.yahoo.com/question/index?qid=20091006132143AABKazr
How To Buy Mexican Real Estate Using Bank Trust, "Fideicomiso"
Mexico Real Estate is always in high demand especially among American citizens. But there are some laws that any foreigner interested in buying Real Estate in Mexico should be familiar with. Though under Mexican law, foreigners may obtain d... Read More »
Source: http://ezinearticles.com/?How-To-Buy-Mexican-Real-Estate-Using-Ba...
What is a "Fideicomiso"?
A Fideicomiso is a Mexican Bank Trust (a.k.a. Individual Land Trust or Master Trust ). You can find more information about how these types of trust work by clicking here . Read More »
Source: http://www.bajabound.com/realestate/faq.php
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Fideicomiso
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A. The Trustor (Seller)
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Source: http://www.primepuertovallartarealestate.com/faq%20legal.html
Title of the property is transferred to a trust with a Mexican bank acting as the trust agent on behalf of the buyer. The Mexican Foreign Ministry formalizes a permit for the Trust Agreement wherein the buyer is designated as the Beneficiar...
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Source: http://www.caboguy.com/real-estate.php
The purpose of the fideicomiso is to allow foreigners to buy prime Mexico real estate inside the "restricted zone," and ensure a safe and secure transaction. The "restricted zone" is any land within 31miles (50 km) of the coastline and 62 m...
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Source: http://www.investmentpropertiesmexico.com/buying-safely/
Fideicomisos are an easy and safe way for you to own property in Mexico. They are government sanctioned and offer strong protection. Please be aware the 80% of Mexican banks are foreign owned. For example, Citi-group owns Banamex, the secon...
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Source: http://schillfactor.com/ownership.html
The Mexican Constitution prohibits direct ownership of real estate by foreigners in what has come to be known as the "restricted zone." The restricted zone encompasses all land located within 100 kilometers (about 62 miles) of any Mexican b...
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Source: http://www.playabusiness.com/qandarealestate.htm
A fidei comiso must be established and recorded by a "notario" or, notary public. Your real estate agent should be able to recommend a notario to establish the trust as well as a bank to administer it. Notarios and banks charge competitive ...
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Source: http://www.cozumel.net/articles/lisa.htm
