Comments on: I am a U.S.citizen and would and like to buy a second home in Mexico,what are prices of lakefront property?

By: joeandhisguitar

joeandhisguitar — Sat, 06 Feb 2010 19:33:59 +0000

The constitution of mexico does not allow you to "own" a second home in mexico. You can "buy" it but you will NEVER hold the deed. The deed will be kept in "trust" for you by the mexican government ensuring their ability to seize the property at their convenience.
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By: Brotha Man...

Brotha Man... — Sat, 06 Feb 2010 18:55:59 +0000

200 pesos amigo.
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By: Twynnone

Twynnone — Sat, 06 Feb 2010 18:10:59 +0000

You can't buy property in Mexico if you're not a Mexican Citizen. However, you can lease for 99 years.
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By: sho_ban_renegade

sho_ban_renegade — Sat, 06 Feb 2010 17:30:59 +0000

Dude, Your habit of posting a period is annoying. If you havent got anything to say, simply bypass the question. Are you that hung up on the point system, that you would rather post a small nothing instead of using your head foir something other than a effing hatrack and posting an answer with some intelligence? You are a fool.
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By: yars232c

yars232c — Sat, 06 Feb 2010 17:21:59 +0000

lol..no one knows it's illegal and some know your investment is meaningless under the law.
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By: greg r

greg r — Sat, 06 Feb 2010 17:16:59 +0000

Be very careful. The trick to buying residential property there is in the search for clear Title. I was going to buy a house there. the agent was an American who had worked in Mexican real estate for about 12 years. She told me that frequently the title search was not done diligently, and someone would come through the door of a house a buyer just bought, and the person would ask,"what are you doing in MY house?" You probably already knew that, but I am only reminding you. The title/ownership laws in the USA are much different than Mexico. Good luck, I envy you and wish I had stuck with my plan. Shiraz answer, as usual, is totally wrong. AMericans can own property in Mexico, except beach front property, which is owned by the Mexican government.
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By: talycu

talycu — Sat, 06 Feb 2010 16:52:59 +0000

i found this website…i hope this helps you out…
http://www.new-mexico-real-estate-
guide.com/real-estate
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By: Sydney

Sydney — Sat, 06 Feb 2010 16:23:59 +0000

I thought that wasn't allowed. I thought you had to have mexican citizenship to own property there. I really don't know though. You may want to check out the rules.
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By: scarlettt_ohara

scarlettt_ohara — Sat, 06 Feb 2010 16:02:59 +0000

I am not sure that foreigners are allowed to own property in Mexico. I know it used to be that way but my Mexican friend told me that that law was recently changed. Check carefully into the laws before you even try to purchase anything there.
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By: mia2kl2002

mia2kl2002 — Sat, 06 Feb 2010 15:35:59 +0000

I have no idea what the prices are, but I imagine much less than property here in the USA. But, from talking to a friend who came from Mexico, I learned that they do not have deeds there. It's a squatter's rights country. If you leave your home unoccupied, it is perfectly legal for somebody to come along and move in. So when people have property that they don't intend to live in year round, they have to hire somebody they TRUST, to stay there and maintain their rights of ownership. Seems odd, doesn't it?!?
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