One reason for being concerned with this issue is the tendency of many foreign individuals buying Mexican homes to use their “house” in a commercial activity in order to offset the costs of maintenance and Fiduciary (bank) fees. Legitimate Hotel and inn owners frequently complain of the many foreigners owning houses in Mexico who rent […]
Etiqueta: buying real estate in mexico
THE IMPORTANCE OF CHOOSING the RIGHT BANK FOR YOUR REAL ESTATE TRUST (FIDEICOMISO) IN MEXICO What is a FIDEICOMISO and what does it have to do with a Bank? FIDEICOMISOS (Real Estate trusts) are the only 100% legal way in which a foreigner can have property in the restricted zone of Mexico (located within a […]