The Purchaser is entitled to the same rights as property owners in the U.S. or Canada, such as the right to enjoy, sell, rent, improve/renovate the property, etc. Not to be confused with a land lease, the purchased property is placed in a trust with the Purchaser named as the Beneficiary of said trust — the Purchaser is not a tenant/lessee. If the purchased property is already held in a trust, the Purchaser has the option of adopting that trust, or conferring the property to a new trust.

At Global Real Estate, we work hand in hand with State notaries for all closings in order to secure the trusts. A “Notario Publico” in Mexico is much different than a Public Notary in the U.S. In Mexico, Notarios are specialized attorneys who operate on behalf of the state and federal governments in relation to any transaction. They are best compared to a U.S. Clerk of Courts. On average, Global Real Estate will obtain your trust within 45-60 days, and in many cases we can have the title transferred in as little as three weeks. We oversee the entire process and ensure that you understand each and every step involved in therein. Many of Mexico’s real estate purchases have only a simple buy/sell agreement between Purchaser and Seller as evidence of ownership. This is not a safe method of ownership, therefore neither Global Real Estate nor our Third Party Escrow providers support, endorse or recommend these insecure arrangements; we pride ourselves on the safety and protection afforded by our business policies.

The Purchaser should only release his or her funds when he or she holds clear title. Utilizing a Third Party Escrow service, your payment is held in a uniquely numbered escrow account until the time your trust is complete, and transfer of the property rights have been concluded.