Leaders in Real Estate Market in Mazatlán
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Welcome to Coldwell Banker® Marina. The brand was founded in 1906 on a
commitment to professionalism and customer service that remains the
core of our business philosophy today. We are the nation's oldest real
estate organization and our experience has helped make the dream of
home ownership a reality for millions of families. Our website is a
reflection of our belief in customer service and providing an
exceptional real estate experience.
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Can a Non Mexican Buy Properties in Mexico?
What is a bank trust and how it works?
Any Foreigner(s) or Mexican National can constitute a Fideicomiso (the equivalent to an American beneficial trust) through a Mexican Bank (i.e. HSBC, Bancomer) in order to purchase Real Estate anywhere in Mexico, including the Restricted Zone. To do so, the buyer (Foreigner or Mexican National) requests a Mexican bank of his/her choice to act as a trustee on his/her behalf.
The Mexican Bank, as a matter of normal course, obtains the permit from the Ministry of Foreign Affairs to acquire the chosen Real Estate in trust.
The Fideicomiso can be established for a maximum term of 50 years and can be automatically renewed for another 50 year period. During these periods you (the foreigner) have the right to transfer the title to the Real Estate to any other party, including a member of your family.
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