2006-08-19 08:44:54 · 15 answers · asked by getnabargain 2 in Politics & Government ➔ Immigration
The constitution of mexico does not allow you to "own" a second home in mexico. You can "buy" it but you will NEVER hold the deed. The deed will be kept in "trust" for you by the mexican government ensuring their ability to seize the property at their convenience.
2006-08-19 10:49:21 · answer #1 · answered by joeandhisguitar 6 · 1⤊ 0⤋
Be very careful. The trick to buying residential property there is in the search for clear Title. I was going to buy a house there. the agent was an American who had worked in Mexican real estate for about 12 years. She told me that frequently the title search was not done diligently, and someone would come through the door of a house a buyer just bought, and the person would ask,"what are you doing in MY house?" You probably already knew that, but I am only reminding you. The title/ownership laws in the USA are much different than Mexico. Good luck, I envy you and wish I had stuck with my plan.
Shiraz answer, as usual, is totally wrong. AMericans can own property in Mexico, except beach front property, which is owned by the Mexican government.
2006-08-19 08:54:11 · answer #2 · answered by commonsense 5 · 1⤊ 0⤋
I have no idea what the prices are, but I imagine much less than property here in the USA. But, from talking to a friend who came from Mexico, I learned that they do not have deeds there. It's a squatter's rights country. If you leave your home unoccupied, it is perfectly legal for somebody to come along and move in. So when people have property that they don't intend to live in year round, they have to hire somebody they TRUST, to stay there and maintain their rights of ownership. Seems odd, doesn't it?!?
2006-08-19 08:52:07 · answer #3 · answered by mia2kl2002 7 · 0⤊ 0⤋
Dude, Your habit of posting a period is annoying. If you havent got anything to say, simply bypass the question. Are you that hung up on the point system, that you would rather post a small nothing instead of using your head foir something other than a effing hatrack and posting an answer with some intelligence? You are a fool.
2006-08-19 09:06:25 · answer #4 · answered by Renegade. 3 · 0⤊ 0⤋
I am not sure that foreigners are allowed to own property in Mexico. I know it used to be that way but my Mexican friend told me that that law was recently changed. Check carefully into the laws before you even try to purchase anything there.
2006-08-19 08:52:30 · answer #5 · answered by scarlettt_ohara 6 · 0⤊ 0⤋
You can't buy property in Mexico if you're not a Mexican Citizen. However, you can lease for 99 years.
2006-08-19 09:08:08 · answer #6 · answered by Twynnone 3 · 0⤊ 0⤋
I thought that wasn't allowed. I thought you had to have mexican citizenship to own property there. I really don't know though. You may want to check out the rules.
2006-08-19 08:52:40 · answer #7 · answered by Sydney 4 · 0⤊ 0⤋
Why not oceanfront property? I guess a lake would be better because then you could drink the lake water and not get sick. hahaha
2006-08-19 08:51:16 · answer #8 · answered by Anonymous · 0⤊ 0⤋
as a non Mexican citizen you will not be allowed to own property.
2006-08-19 08:51:12 · answer #9 · answered by W E J 4 · 0⤊ 0⤋
I don't have a clue! But the headaches from such a thing would be aweful!
2006-08-19 08:49:08 · answer #10 · answered by Libby 44 2 · 0⤊ 0⤋