How long does it take to get a Fideicomiso?
This is, for many people unfamiliar with the process, a seemingly long and complicated ordeal. In actual fact, it is very simple and straightforward. What is causing the delays lately is the astonishing number of properties being acquired in this manner by foreign investors. The local legal community is currently rushing to complete a great many Fideicomisos for those who have come before you. Don’t worry. With the increasing demand for property in Mexico, more highly trained and accomplished legal professionals are becoming involved in the business of establishing Mexican Property Trusts. On average, you should have your Trust within 60 to 90 days, but some have actually been delivered in as little as a few weeks. Should you get Title Insurance? Obviously, this is a matter of personal choice, but it seems reasonable to do so. After all, you have insurance on your car, your home, even your health, why wouldn’t you purchase it for one of your largest investments – your Mexican property.
