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FAQ: The Buying Process |
FAQ: General |
Making the Closing
Bank Trust or Mexican Corporation
61. Who can provide me with this service?
62. What is the cost of the Bank Trust?
63. Can I legally own property without a bank trust if I have an FM2?
64. What can the foreigner beneficiary expect from the Trust Agreement?
66. Do I lose possession of property after 50 years have traspased?
67. What happens to my "Fideicomiso" if the bank fails?
68. How does the trust function?
69. Are there additional fees for the Bank Trust?
70. Who is involved in a Bank Trust?
71. What is the First Beneficiary in the Bank Trust?
72. What is the Second Beneficiary in the Bank Trust?
73. Permission from the Foreign Secretary's office What is this permission and why do I need it?
74. How can I get this permission?
75. What do I need to get this permission?
Notary Public
77. What are the Notary Public's responsibility during the property transaction?
78. Does the Notary Public need to be from the city where I'm making my purchase?
79. Do all the Notery Public provides the same service?
81. What are the fees of a Notary Public?
82. Which are the Taxes that the buyer needs to pay?
Taxes
83. Which taxes are paid in a closing?
84. How much is the transfer tax?
85. What are the property taxes for Mexico area and that general region?
86. Who pays the Capital Gains Taxes?
Payments
87. How much cash can I bring with me from my original country?
88. Do I need to be present for the signing of the title transfer?
89. When buying or selling a property in Mexico, who pays the closing costs?
90. How should I pay the seller: wire transfer or cashiers check?
Public Registry
91. What is the Public Registry?
92. When do I receive my Title?
93. Will I own title to the land?
