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Results 1 to 6 of 6
  1. #1
    pato is offline Renter
    Join Date
    Mar 2008
    Posts
    6

    Default buying property in Mexico??

    What is this ejido land in Mexico, Is this somethin I might have to worry about??
    Melaque Real Estate is the best thing that ever happened to me.

  2. #2
    sans is offline Renter
    Join Date
    Aug 2008
    Location
    Mazatlan
    Posts
    4

    Default

    Definately. Ejido land is community property. You can lease it, but you can be kicked off at any time! Any real estate transaction in Mexico should be handled by a notario. It is his job to make sure the title is clear, not ejido land, and that all the proper paperwork is filed.

  3. #3
    Join Date
    Aug 2008
    Location
    Chiapas, Mexico
    Posts
    27

    Default

    Hi, check out this page for a little more information on ejido land, check out the FAQ section on the page in my profile.

    Sorry, I don't have rights to post links yet. Hope this helps.
    San Cristobal de las casas Real Estate - San Cristobal Mexico Real Estate -San Cristobal de las casas Mexico Real Estate-San Cristobal de las casas Mexico Bienes Raices -San Cristobal Bienes Raices

  4. #4
    gracesmith is offline Fixer Upper
    Join Date
    Feb 2009
    Location
    Canada
    Posts
    23

    Default

    In Mexico, the asking price of a new-construction home is one-quarter to one-third the asking price of a comparable Canadian home. But property ownership by foreigners is restricted.
    The weather is lovely, but ... . A recent Mexican real-estate seminar by Canada2Mexico Consulting provided an opportunity to investigate the dream and the reality and this is very important when dealing with ejidos. Most people reading this article have grown up in a society based on democratic capitalism in which the individual and not the community determines what he or she is going to do.
    1 Ejido land cannot be sold to non-ejido members until it is converted into private property.

    2 There are exceptions where non-ejido members can acquire

  5. #5
    Codythebest's Avatar
    Codythebest is offline Mansion
    Join Date
    Nov 2006
    Posts
    1,232

    Default

    Could you circumvent ownership by owning a Maxican company that will own the property?
    Foreigners have a hard time to access ownership in the US now (comparing to before Bush era) but I could own an LLC which owns real estate. It's way tougher to establish an LLC in the US than anywhere in the world now, but I assume that with the Obama administration, the US will open the doors to business again...

  6. #6
    kaylee is offline Fixer Upper
    Join Date
    Apr 2009
    Posts
    33

    Default

    Quote Originally Posted by sans View Post
    Definately. Ejido land is community property. You can lease it, but you can be kicked off at any time! Any real estate transaction in Mexico should be handled by a notario. It is his job to make sure the title is clear, not ejido land, and that all the proper paperwork is filed.
    As you said it been community property so is there any chance of having more legal problems for sell or rent...??

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