Etiqueta: development

PART 2: HOW DOES A FIDEICOMISO WORK? The Bank reviews all paperwork of the current owner/developer to ensure that the documents are complete and legal. The Bank will not issue and form the Fideicomiso on behalf of the Beneficiary until it is satisfied that all the documentation is correct. Closing costs for the seller include: … Continued

Over one million foreign nationals (be those solely investors, ex-pats, snowbirds or right down immigrants) own property in the so called “Restricted Areas” of Mexico, under the Mexican Foreign Investment Law of december 1973 which states that “foreigners can now own residential land in the restricted zones through a Fideicomiso (Trust)… this Restricted Zone is … Continued