Hazards of buying property in Mexico

by Gringo Viejo @, Kansas/Zihuatanejo, Sunday, July 16, 2017, 11:07 (336 days ago) @ Johnny Briefcase

Once again it is proven, "You can't cure stupid". We from NOB have been accustomed to protection from virtually all scams by government regulation.

in 16 years I've seem a few problems my self. Like the two owners of a property from Mexico City who, at the last minute, changed the meeting place to a bar from my attorney's office. One of the owners of record was on site and wanted full payment and the other owner would "be here tomorrow" to sign the papers. Or the Condo project that wanted one third down and the balance in 90 days. The unit was "mostly" complete but no infrastructure was in (pool, restaurant, streets, etc. The project still sits like it was 6 years ago, a "ghost" property. Or the seller who said he would get the property surveyed with plat and pins; I begin to suspicion something was wrong when 2 guys showed up in a beat up pick up with no equipment but with stakes in hand wanted to know "Where do we put these?" And there are numerous sellers who will show you a piece of paper and a map and "are ready to close" the deal".

Get a reliable attorney, assume nothing, remember the protections afforded you at home by government regulations, there are virtually no regulations in Mexico, and above all, remember, "You can't cure stupid but you can hire a competent attorney".

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