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Monday October 16 2017
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The Myth of Mexican Property Ownership

Foreigners purchasing residential property must use a Mexican bank trust called a fideicomiso, a structure established in 1973. There is a myth in America that foreigners can’t own property in Mexico. In reality, Mexico only restricts foreign ownership in certain zones, such as near the beach and border, and there are two structures that make ...

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Loreto: Mexico's Next Real Estate Hot Spot

If you are like most Americans, you have at least heard of—if not visited—popular Mexican destinations: Cancun, Los Cabos and Ixtapa. What you likely haven’t heard of is Loreto, a tiny fishing village poised to cash in on the next big tourism boom. Since being selected for development as resort towns by Mexican federal tourism agency F...

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The Analytical Expert - Interview with Gene Towle

With over ten years of experience in the real estate industry, Gene Towle founded Softec, the most recognized market analysis company in Mexico. VM: When and how was Softec established? Softec was established in 1980 by four friends obsessed with technology. We started by creating mortgage models for Banamex, one of the largest banks in M...

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Using American Financing to Purchase Mexican Property

With the changing of the Mexican Foreign Investment Law over the last few decades, many foreigners are now taking advantage of the opportunity to purchase real estate in Mexico. Homes and undeveloped land are being purchased at a rapidly increasing rate by citizens of the USA, Canada, and other foreign countries. And with the ability to now o...

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Mexico: The World's Best Place to Retire

A few years ago when the Canadian dollar was at its weakest, Canada ranked in the top ten. However as the loonie has strengthened, Canada has slipped well out of the top ten this year. For reference sake only, the US ranked 19th this year (2007)! During the past 15 years, International Living magazine has calculated its Annual Global Retiremen...

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Second Home Buying Abroad Slows Down

While the subprime market crisis is affecting credit markets around the world, baby boomers and retirees can still find funding for their second homes, especially in countries with a stable political environment and solid infrastructure. According to experts gathered for the recent Latin America Real Estate Conference, the desire to seek vacati...

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Chartering in the Sea of Cortez

Most of the time you get a report from groups that charter. This is a report from someone who takes people out. My name is Mike and I am one of the part-time skippers at Moorings Charters in La Paz, Mexico. We never know who the people are or where they are from before the trip starts. This is a report of a nine-day trip from La Paz north to Puer...

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Peñasco: Rocky Point Outlook

Puerto Peñasco, Mexico, better known to those to the north as Rocky Point, is now the hot spot for tourism from Mexico and the USA. With millions of people able to drive within a few hours to the Sea of Cortez and Rocky Point, it is now the favorite vacation destination of thousands of people weekly. The Rocky Point talk among owners and investor...

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The Implications of Catastral Manifestation

When buying land in Mexico, it’s important to make sure that the price stated in your Trust is the price that you paid for your property. When you receive your Trust from the closing agency, you should also receive a piece of paper called “Manifestación Catastral” which states the price that you paid for the property. You might hear t...

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Moving Permanently to Mexico

Bringing household contents into Mexico. Transporting your worldly possessions into Mexico is both an art and a science, even more so if you intend to do so on your own…truck and all. Then the task also becomes a challenge and an adventure. No matter what the Canadian or American Consul in Oaxaca advises, and regardless of the steps the Mexi...

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NAR Expo Goes International

Las Vegas, NV.- Real estate professionals from the U.S. joined fellow professionals from more than 60 countries around the world at the 2007 REALTORS® Conference & Expo in Las Vegas last November. A record 2,100 foreign real estate professionals attended the show, enabling the show to reach its largest attendance ever at over and 30,000 attendees...

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