CAN THE MEXICAN GOVERNMENT TAKE AWAY FOREIGNERS’ PROPERTY AT ANY TIME?
NO. The Mexican government formed the Fideicomiso for foreigners through constitutional law and provides them, under the Mexican Constitution, the same legal rights of ownership as a Mexican would have. Secondly, the N.A.F.T.A. Treaty (1994) between Canada, Mexico and the U.S. further put in place many requirements including providing security from any of these governments arbitrarily seizing land from its rightful owner. Q: Do I have to go to separate places to obtain escrow, mortgage and title services? A: No! Puertomagic has in-house Escrow, Title and Mortgage services. Q: Can the Mexican Government confiscate my land? A: Foreigners often worry about their land being expropriated by the Mexican government. Under the North American Free Trade Agreement, NAFTA, Mexico may not directly, or indirectly, expropriate property except for a public purpose. This is the same as “Eminent Domain” in the U.S. Where it is necessary to expropriate land, swift and fair market compensation must be pa
