Mexico Ownership FAQ
Do I have Title insurance?
Buyers can now get title insurance through reputable US companies like First American Title. This has become available as a result of the "Foreign Investment law."
Can I get financing?
US companies like Finance North American are now offering financing that is virtually identical to what you can get for US homes. 30 years terms, reasonable rates and similar points. Closing costs are higher and time to close a loan takes longer.
Do I need a Visa?
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How much are closing costs?
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What is the restricted Zone?
The restricted Zone runs 100 kilometers (62 miles) along the Mexican border and 50 kilometers (31 miles) along the coast and was established in 1917. In 1993 the foreign investment law was amended to allow bank trust to be infinitely renewable for 50-year periods and the associated legislation was overhauled, tightened up and in conjunction with NAFTA has created a very safe investment environment.
What protection does NAFTA provide?
There are provisions within NAFTA that protect the investments made by US citizens in Mexico and provide specific impartial resolution process for any issues that arise.
Considering that major US developers, hotel chains and institutional investors have been investing hundreds of millions of dollars in Cabo San Lucas for years, and now are focusing in on Northern Baja, buyers should have a high level of confidence in vesting this area today.
What is an Apostille and Why Do I need It
Many transactions in Mexico will require certain types of documents to be notarized and then have the notaries validity certified through a process known as an apostille.