Ownership in Mexico...It’s Straight Forward & Secure
CONSIDERING A RETIREMENT OR VACATION HOME?
Nestled between the aqua blue Sea of Cortez and the majestic 10,000-foot Sierra de San Pedro Martir Mountain Range, is San Felipe, Baja California, Mexico. San Felipe is still unspoiled, offering most city services with a wide variety of restaurants, sidewalk cafes, lively nightlife, shopping, churches, pharmacies, dentists, doctors and a state-of-the-art trauma hospital. With miles of white sandy beaches, and only a two-hour drive from the California border, San Felipe offers splendid recreational, retirement and vacation opportunities for all ages to enjoy.
CAN FOREIGNERS OWN REAL ESTATE IN THE MOST DESIRABLE AREAS OF MEXICO?
Yes! You can own property in the Mexican coastal and border areas by what is called a Fideicomiso (Real Estate Bank Trust). Title Insurance through Stewart Title or First American Title Company is available.
WHAT IS A FIDEICOMISO, HOW DOES IT WORK AND HOW AM I PROTECTED?
As a foreigner, you can acquire irrevocable and absolute ownership rights to property in Mexico through a 50 year perpetually renewable and transferable Real Estate Bank Trust called a “Fideicomiso.” This trust is the legal equivalent for deeded ownership (commonly referred to in the U.S. as fee simple) and is provided specifically for non-nationals to own property in the formerly restricted zones of Mexico (border and beach areas.) The Trust system of ownership is the ONLY legal way for foreigners to own property in these areas that is sanctioned by the Mexican government, provided for under the Mexican Constitution, and secured by the Central Bank of Mexico; thereby offering powerful protection.
The Mexican Government issues a permit to a Mexican bank of your choice. Clear,
lien-free title to the property is then delivered to that Mexican bank, authorized to act as the trustee designating you as the beneficiary of the trust. The bank acts like an employee of the beneficiary (you) in all transactions involving the property. The beneficiary (you) retains the use and control of the property and makes all decisions concerning the property. You have the same “bundle of rights” as owning property with fee simple title. You have the right to use, enjoy, lease, improve, mortgage, sell, inherit and will the property.
