Playa Blanca is pleased
to announce that we will be receiving a master title commitment
from US based First American Title.
Individual policies may be issued through the office of First American’s designated representative in Hermosillo, Attorney Alvaro Villagran. As you’ll see below, Attorney Villagran’s scope of services extend well beyond the issuance of title insurance.
At RET you will find all the assistance you need throughout the process of acquiring property in Mexico. RET has the most experienced and skilled Closing Services Department to help Mexican nationals and foreign investors navigate the nuances of purchasing real estate abroad. RET provides the only “one stop shop” service in Mexico.
Legal advise and counsel on all issues pertaining to purchase and sale or investment transactions is at your disposal. Verification of all law requirements and proper procedures is one of our main objectives.
In the process of acquiring a parcel of land, there are several tax payments obligated to both seller and buyer. Our expert attorneys and CPA’s offer experience and knowledge of the Tax Law in Mexico to reduce the impact on your investment.
Trust Agreements are the most common way for foreigners to acquire property, since Mexican Law establishes restrictions on land ownership (land next to the ocean and borders). At RET we have developed a friendly and professional relationship with most of the Banks offering the Trust (Fideicomiso) service, which gives us a better platform to negotiate and accelerate the process of getting a trust agreement. As your trust coordinators, we will get in touch with your bank, revise the documents you need, coordinate the documents needed by the Notary Public, verify that the appraisal of your property has accomplished all the necessary requirements, and supervise the tax payments and the deed of trust recording process. By becoming your representative in the trust agreement, we take responsibility for obtaining your new property title.
Another option to acquire property in Mexico is to incorporate a Mexican corporation. This can be highly recommended when the property is not going to be used as a home or residence but instead for commercial or development purposes. This way, you don’t have to bother to administrate your property with Banks through a trust, since the Mexican corporation becomes the property owner. There are 6 different types of corporations recognized by Mexican Law. Our job is to determine which option is most suitable to fit your needs and complete all the paperwork to incorporate the company and maintain it in good standing for all legal purposes.
Representing buyer or seller at closing
When all negotiations have taken place and you have settled a date for the closing, you can count on us to represent you in that important moment. Your RET attorney can sign the legal documents for you with a power of attorney granted on their behalf, or will, assist you on verifying that all the terms of the contracts are as previously agreed upon. Furthermore, they will give you legal advise if issues arrive at closing. Closing is the shortest moment in the purchase process but the most important.
As a company devoted to fascilitating all services needed to our clients, RET provides the know how and assistance to our foreign customers to obtain personal immigration visas, such as permits to do business in Mexico, permits for investors and businessman, authorization to reside permanently in Mexico and authorization to get married to a Mexican citizen among others.
RET is an authorized agent for Fidelity National Title and First American Title, the two leading title insurance Companies in the USA. RET provides the Title companies with legal opinions and title searches regarding property located in Mexico so that they can insure foreign investments. We write a legal opinion every time a property is going to be insured and provide both the buyer and the insurance company with all the information concerning the property.
Title Insurance provides you certainty as to the identity of the legal owner of the property, identification of all existing financing recorded against the property, identification of all easements, private restrictions and other encumbrances recorded against the property and indemnification against loss and/or indemnification as to the cost of defense against adverse claims.