Thursday, January 28, 2016

Title Insurance

Are planning on purchasing a property in Mexico?  If so, it is important to protect yourself in the event of possible legal disputes regarding your property. Conflicts sometimes occur over ownership rights to a as a consequence of many things: fraud, forged documents, lost heirs and the overlaps of property. One of the ways to insure against potential financial loss is to obtain title insurance. 

What is title insurance?
It´s an agreement of indemnity between the purchaser and the insurance company. With  a title insurance policy you will be protected in case there is ever any claim in title.

Why is it important?
It´s the only way that you can get your money in a situation where you stand to lose your property due to a claim in title . In Mexico it´s the only way that you can be protected. It´s a guarantee that can get you your money back if you ending up losing your property due to a claim in title or fraud. Without title insurance you are on your own if there is a claim and would have to fight off any litigation without the help the notary public, the government, or public registry.

What are the legal effects if I do have the title insurance?
Before the property is insured your lawyers have to verify that the property is free and clear of any liens and confirm that the seller is the rightful owner. Through the title research, which verifies that everything is in order, you will get a complete chain of title from beginning to end- even going back until the time of the revolution if necessary! Every single transfer of title or modification of the property is checked to see if it was done appropriately and the underwriting process determines if the property is insurable or not. As a result of the research you may be denied the granting of the insurance policy on a particular property.

Example
Your neighbor has just completed a survey of his land and determined that his property actually overlaps on to yours. In the area of overlap you have a building, so in theory this building is owned by your neighbor because it is on his property. He owns everything that is built over his property. That is a clear claim in title, and if you have title insurance it would be defended in court. If not, you are on your own.

For more information about purchasing property in Mexico subscribe to our blog, or contact usAnd remember, at Top Mexico Real Estate…
we make it happen!

Thursday, December 31, 2015

Free Mexico Real Estate Seminar in Stamford Connecticut

February 19 will be the next date in our continuing series of FREE Mexico Real Estate Seminars, which are designed to provide in-depth information about the process of buying real estate in Mexico. The site of this seminar is The Hampton Inn & Suites in Stamford, Connecticut with a team of real estate professionals who will share their knowledge with you and answer the many questions you might have about how to become a home owner here in Mexico .

I have over 20 years experience working professionally in Mexico, and I founded TOP Mexico Real Estate to help foreigners purchase real estate here with the utmost confidence and a feeling of safety. I will presenting the Live It, Compare It & Buy It Tour, which features online real estate buyer’s classes and an education on the “ins-and-outs” of the buying process in Mexico. If you are looking for a vacation or retirement home Mexico then this seminar was made for you. I'll do a cost of living comparison with Mexico and various United States destinations for retirees and show you how affordable it is to live down here.

Jose Romero, assistant director of Federal real estate sales for FONATUR-Ministry of Tourism, will also be joining me. Mr. Romero's specialty is Commercial and Industrial Real Estate and knows much projection and planning for commercial real estate. His 12 years of teaching experience is in the field of economic integration law, economic theory and law. He has work experience as Corporate Manager of Real Estate Development for Grupo Chedraui and was Commercial Director for Sare Commercial. 

In addition, Ivan Castillo, Mexico Real Estate Attorney and Regional Manager for Stewart Title in Mexico, will be there to talk about the Mexico buying process and show comparisons between Bank Trusts and Mexico Corporations. He has 11 years of experience with Stewart Title, which makes him an expert in closing and escrow services. 

Client Testimonials are an important part of the seminar,  which will give you first hand testimony from previous clients. There will be a Q & A session with our expert panelists where in which you can participate and ask about investment and real estate matters related to Mexico and the buying process. As a pre-registered guest for the FREE CONNECTICUT SEMINAR you will receive a special complimentary gift and all guests will be entered into our raffle, with one lucky winner receiving a 7 Day Riviera Maya Live It, Compare It & Buy It Tour for two. It's valued at $899 USD!

The Hampton Inn & Suites are located at:
26 Mill River Street,
Stamford, Connecticut, 06902,
USA
6:00 – 9:00 pm

Come to our seminar see how easy it is to own your very own piece of Mexican paradise.
We look forward to seeing you in Stamford on Feb 19!

Monday, December 14, 2015

The Top Mexico Holiday Raffle

This holiday season TOP Mexico is giving away the gift of a free 7 day "Riviera Maya" Live It Tour. There will be a raffle held from Dec. 8 to Jan. 5 so enter here for your chance to win! If you´d like a trip do to the Riviera Maya to find a new home or are looking for idea about property investment the Live It Tour was made for you!


This is your chance to see properties from our website and get the knowledge you need to make a successful and safe purchase.

All you need to take the tour is a valid passport and the dates in the new year when you can travel. We will take care of the rest, including setting you up with 5 star accommodation and free transport to see properties!

If you are interesting in applying now for the Live It Tour, you can sign up by clicking here.

And watch our promotional video below...




Tuesday, September 22, 2015

New Real Estate Law in Mexico

Mexico finally approved a law that protects real estate buyers in the state Quintana Roo by regulating sales agents and others who offer real estate services. The new law became effective in March of 2015, aims to regulate and unify real estate practices in the state. This law makes transactions safer for anyone purchasing real estate properties in Quintana Roo. Quintana Roo is the 14 state to pass a real estate law in Mexico to regulate the field and protect the buyers.

The Ministry of Urban Development and Housing of Quintana Roo or Seduvi in short (abbreviated for its Spanish initials) will now keep track of every consultant working in the real estate field in the state. The new law will only allow those with the proper accreditations to provide any real estate services. Any real estate agent found working without the proper credentials could be fined up to $4,400 USD.

According to Miguel Angel Lemus Mateos, the president of the Mexican Association of Real Estate Professionals (AMPI) of Cancun, out of the 1,500 consultants working in Quintana Roo, only about 600 are properly registered with AMPI.

It is crucial to regulate and make the real estate sector safe for foreign investors because real estate investments represent the second largest economic income for Mexico. Currently, only 44 people nation-wide hold a Mexico Real Estate Business university degree, backed up by the Federal Department of Education (SEP). Thomas Lloyd, Top Mexico Real Estate founder was the first ever person to receive the SEP license in Mexico.



The Top Mexico Real Estate team is made up of a group of professional and properly registered Real Estate Buyers’ Representatives who have the accreditations necessary to protect their clients.
When looking to purchase real estate in Mexico it is important to work with a real estate agent who knows the real estate market, the laws, and is able to make the process safe and easy. That is why finding an agent who has a national license to practice, provides you with safety, protection, and confidence.

If you are looking to invest in Mexico, browse through our website and contact one of our registered Buyers’ Representatives. We will be happy help you in finding your dream home in Mexico.

And remember, here at Top Mexico Real Estate…

We Make It Happen!