Everything you need to know about buying and selling real estate in Mexico, Puerto Vallarta, and the Banderas Bay region

Delays and Procedures in Real Estate Transactions

The September 11 attacks in 2001, which led to the Patriot Act in the US and similar legislation worldwide, led to a new emphasis on money laundering laws to combat terrorism financing.[8] The Group of Seven (G7) nations used the Financial Action Task Force on Money Laundering to put pressure on governments around the world to increase surveillance and monitoring of financial transactions and share this information between countries. Starting in 2002, governments around the world upgraded money laundering laws and surveillance and monitoring systems of financial transactions.

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Real Estate Transactions in Mexico

Cultural Differences and Negotiations

The three countries which make up North America are physically close, but each has a different history and culture. Which cultural aspect do you associate with the following:

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Mexican Real Estate Transactions

Who Does the Notary Represent?

Who are the members of the team required to transfer property in Mexico? The team in Mexico can include: the real estate agents, notary, attorneys for buyer and seller, transaction coordinator, escrow company. When needed, specialists such as land surveyors, structural engineers, and tradesman such as plumbers and electricians can inspect the property. With foreigners who need a trust, and nationals who choose to put their property into one, the additional team member is the bank administrator of the trust.

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