[westmex]

CAN FOREIGNERS REALLY OWN PROPERTY IN MEXICO?

Yes, Americans and other foreigners may obtain direct ownership of property in the interior of Mexico.

However, under Mexican law, foreigners cannot own property outright within the restricted zone. Instead, a real estate trust must be set up to hold title for the foreigner. Since foreigners are not able to enter into contracts in buy real estate, they must have a bank act on their behalf, much as a trust is use to hold property for minors because they also can not contract. The following is a brief outline of the law regarding such trust, known as "fideicomisos", but potential buyers should always get advice and have all real estate transactions overview by a licensed Mexican attorney.

The above off a web site

.....Westy.....

[Sundog]

This is what happened as a result of the Baja Beach and Tennis Club fiasco, it is the change in law prompted by the extreme visibility given to the abuse of the indiginious people's right to their historic homeland laws which were in place before.

Guanajuato -- This is real close to were we go in Central Mexico, it is very nice.

[westmex]

The web site is below


http://www.mexonline.com/propmex.htm

.....Westy....

[lodwick]

[Canadian Outrage]

But if your married to a Mexican then you could own property right Westy? I suppose it wouldn't be allowed to be a joint tenancy ownership and of course if the Mexican part of the couple passed away, the poor spouse would probably have to give up the property and walk away from it.