Need help with real estate deal gone bad

by midalake @, Saturday, September 17, 2016, 13:45 (3711 days ago) @ Gringo Viejo

Observation: "Real Estate Agents" are not licensed in Mexico. Anyone can hold themselves out to be a "Real Estate Agent". Buyer beware.

First rule of buying property in Mexico (from a very successful Mexican). Never put any money down or any other sort of "earnest money". Money changes hands at the same time as title. Buyer beware.

We NOB folks tend to think of Notario in Mexico as a Notarty NOB. Not true, totally different functions. Buyer beware.

Did I mention "Buyer Beware"?? Get a good attorney in the very beginning before you sign anything and don't pass any money prior to closing!

No, I am not a pessimist bout owning/leasing property in Mexico but just as there is a right way and a wrong way to buy NOB there is a right way and a wrong way in Mexico.

Good Luck!

First rule of buying property in Mexico (from a very successful Mexican). Never put any money down or any other sort of "earnest money". Money changes hands at the same time as title. Buyer beware.

The information above a very poor information. I doubt you will to be able to complete any real estate transaction with out any type of deposit or earnest money. In fact my transaction completed in July I was paid 85% of the transaction before going to sign on the final day. The key is to be represented by an Attorney and a contract.....a realtor is worthless.


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