Lindaland
  Global Unity 2.0
  If the Flag of the United States Offends You (Page 4)

Post New Topic  Post A Reply
profile | register | preferences | faq

UBBFriend: Email This Page to Someone!
This topic is 4 pages long:   1  2  3  4 
next newest topic | next oldest topic
Author Topic:   If the Flag of the United States Offends You
jwhop
Knowflake

Posts: 356
From: Madeira Beach, FL USA
Registered: Apr 2009

posted June 12, 2009 02:25 PM     Click Here to See the Profile for jwhop     Edit/Delete Message
No foreigner who is not an "immigrant" to Mexico, living in Mexico can own real property in Mexico. That's the law.

In cases where tourists and non residents want to purchase Mexican property they cannot do so directly. A trust is set up which actually buys and owns the real property but the non resident or tourist cannot directly own real property in Mexico.

In the case where a non resident or tourist establishes a trust which would buy and own real property, there is an exclusion zone into which the trust cannot buy. The exclusion zone includes beach property out to about 30 miles from shore and property near Mexican borders out to about 60 miles.

IP: Logged

katatonic
Knowflake

Posts: 625
From:
Registered: Apr 2009

posted June 12, 2009 03:08 PM     Click Here to See the Profile for katatonic     Edit/Delete Message
so they CAN own property there, thank you for admitting that.

and yes, quinnie, i know - it takes all sorts!

IP: Logged

jwhop
Knowflake

Posts: 356
From: Madeira Beach, FL USA
Registered: Apr 2009

posted June 12, 2009 04:11 PM     Click Here to See the Profile for jwhop     Edit/Delete Message
No, they cannot OWN property in Mexico. A trust can OWN property in Mexico. A foreign born IMMIGRANT to Mexico who lives/resides in Mexico can own property in Mexico.

A US citizen who lives in the United States CANNOT own property in Mexico.

IP: Logged


This topic is 4 pages long:   1  2  3  4 

All times are Eastern Standard Time

next newest topic | next oldest topic

Administrative Options: Close Topic | Archive/Move | Delete Topic
Post New Topic  Post A Reply
Hop to:

Contact Us | Linda-Goodman.com

Copyright 2008

Powered by Infopop www.infopop.com © 2000
Ultimate Bulletin Board 5.46a