Is there financing for foreigners in Mexico?

Written by Administrator | 11 August 2008

In Mexico, historically and in many occurrences today, when buying real estate, the transactions are cash operations. Mexican Banks are only recently starting to offer mortgage tools for property acquisitions for the Mexican nationals. Only within a few months ago this year, have major Mexican financial institutions begun offering options to Mexican Foreigners basically for Americans, Canadians, and Britons. Most Mexican foreigners have used home equity or other assets from their home countries to raise capital for investing here in Mexico. With the new tools now available, allowing for Mexican Property to be mortgaged, many foreigners are now discovering new exciting options to purchase their Mexican ocean front homes.

Can the Mexican government confiscate my land?

Written by Administrator | 10 August 2008

Foreigners often worry about their land being expropriated by the Mexican government. Under the North American Free Trade Agreement, NAFTA, Mexico may not directly, or indirectly, expropriate property except for a public purpose. This is the same as "Eminent Domain" in the U.S. Where it is necessary to expropriate land, swift and fair market compensation must be paid, together with accrued interestXX