How Do You Buy Real Estate In Baja California, Mexico?
• Understand that Mexico is a different country with laws that are similar to that of the USA with many major exceptions. One significant difference is that foreigners may not buy land a certain distance from the borders an coasts – except through a bank trust known as a fideicomiso (fee-day-co-miso). The fideicomiso is a proven solution to the restriction of foreign ownership that is over 30 years old. Simply put, the fideicomiso is a bank trust with a fifty-year term renewable in perpetuity. Through the bank trust foreigners can control a piece of property, sell it, will it, rent it or lease similar to fee-simple title in the USA. In fact, the California Department of Real Estate and other agencies have ruled it to be the equivalent of fee-simple title.’; } s += “”; document.write(s); return; } google_ad_channel = ‘+7733764704+1640266093+9911500640+7416705818+8388126455+8941458308+6822404019+7122150828’ + xchannels + gchans; google_ad_client = “pub-9543332082073187”; google_ad_output
