Need info. on buying property in Jalisco, Mexico.?

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sparks_mex

Here's my Mexico Realestate page with lots of info

http://sparks-mexico.com/Assorted/realestate/realestate-mex.htm

A warning ... you sound in a hurry. Rent for 6 months to a year while investigating everything involved. It is very different than up north .... and you might not even like the area. Travel around while you are renting.

Sans

Any foreigner or Mexican National can form a Fideicomiso (the equivalent to an American beneficial trust) through a Mexican bank in order to purchase real estate anywhere in Mexico, including the Restricted Zone. (100 kilometers along the border or 50 kilometers along the coast) ,To do so, the buyer requests a Mexican bank of his/her choice to act as a trustee on his/her behalf. The bank obtains the permit from the Ministry of Foreign Affairs to acquire the chosen property in trust. The Fideicomiso can be established for a maximum term of 50 years and can be automatically renewed for successive 50 year periods. During these periods you have the right to transfer the title to any other party, including a member of your family. The bank then holds the property in trust on behalf of the owner for the exclusive use of the buyer/beneficiary who has all the benefits of a direct owner, including the possibility of leasing or transferring his/her rights to the property to a third party or to a pre-appointed heir.
The trustee is responsible to the buyer beneficiary to ensure precise fulfillment of the trust, according to Mexican Law, assuming full technical, legal and administrative supervision in order to protect the interests of the buyer/beneficiary. Fideicomisos are not held by the trustee as an asset of the bank.
For practical purposes, even in unrestricted zones many foreigners prefer to hold their property under a Fideicomiso.

St@r

it you want to live in jalisco you would love chapala or ajijic. the weather is beautifull and the people are very nice.

mike s

I would go to post this question in Yahoo.mexico. if you don't speak spanish, find someone to help you out.

soar_2307

Those 6 people dont do nothing about real estate while I do and I am the best person to give you free sound advice. I am a resident of Mexico and I am please to tell you that any U.S.real estate company with connection to its affialtes in Guadalajata will be more than happy to assis you.

Just talk to real estate agent and see what he finds out for you. Most of the time his leads are accurate and both you and your hubby have the final say in the agreement.

But just keep one thing in mind, you must check with the Mexican Embassy to see what they think so that they can help you out legally.

I hope I was of assistance.

Good luck and please keep me posted.

Vote for me please.

MrRock

Visit, www.escapeartist.com

Mike R

Since you are not buying within 50 km from the ocean you pretty much can buy it outright.
Title search is difficult, normaly the notary that does the title transfer deals with all the details.
Tax payments should be up to date and it is a wise thing to go to
"Registro de la Propiedad" to find out that the title is clear or not.
That is what occurs to me right now, some more specific things might come up depending on the object.
I own property in Jalisco and Nayarit and have no problems at all.

Sue Donym

Don't do it. Mexico sucks.

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