Garry Neil Musgrave

Practical Guide to Buying Property in Mexico Garry Neil Musgrave

Mexico uses a civil law system - a significantly different concept from the legal systems used in the U. S. and Canada, that are based on common law.

• If you're a foreigner living in Mexico, it's important for you to have a basic understanding of the legal system. 

• If you're a foreigner considering buying property in Mexico, you need to be aware of how procedures differ from what you're used to, and how to avoid potential pitfalls.

THIS BOOK WAS CREATED FOR YOU!

This is really three books in one!

The first section gives you an overview of the government and legal system in non-technical terms, designed to be easily understood.

The second section focuses on buying real estate in Mexico. It gives you a detailed explanation of the laws about foreign ownership, along with the process of buying and closing on a property. It also covers Ejido land, the various participants in a typical real estate deal, title insurance, escrow, taxes, and how to do your own research and due diligence.

There's also a third BONUS section with tips on how to choose a real estate agent plus practical matters such as utilities, condos and fraccs, fees, insurance, and septic systems.

YOU'LL LEARN ABOUT:

• The concept of civil law and the structure of Mexican law and government
• The court system, including typical civil and criminal court procedures
• The difference between abogados, notarios, and corredores
• Mexican contracts and dispute resolution
• Types of land and property ownership, including foreign ownership
• The Calvo clause, Ejido land, the Maritime Zone, and the Restricted Zone
• Buying property via trust, direct deed, and corporate title
• Who's involved in a real estate transaction, along with their roles and duties
• The process of closing and registering your title - including title insurance and taxes
• Carrying out your own due diligence

A "must buy" for anyone thinking about buying property in Mexico, or for anyone who wants to understand the Mexican legal system.