STEPS TO OWNING A PROPERTY IN CABO AS A FOREIGNER
- Title to the property is held in a Mexican bank trust called a fideiocomiso.The buyer is the beneficiary of the trust.
- The Mexican bank acts as the trustee.
- The buyer has all the rights of fee simple ownership just as they do in the States or Canada. (Sell, renew, will, inherit, rent . .)
- The fideiocomiso is renewable every 50 years and can go on forever.
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