Description

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M xico uses a civil law system - a significantly different concept from the legal systems used in the U.S. and Canada, that are based on common law.If you're a foreigner living in M xico, it's important for you to have a basic understanding of the legal system.If you're a foreigner considering buying property in M xico, you need to be aware of how procedures differ from what you're used to, and how to avoid potential pitfalls.THIS BOOK WAS CREATED FOR YOU This is really three books in one It covers: legal system overview, property buying process, & handy advice.The first section gives you an overview of the government and legal system in non-technical terms, designed to be easily understood.The second part focuses on buying real estate in M xico. It gives you a detailed explanation of the laws about foreign ownership, along with the process of buying and closing on a property. It also covers Ejido land, the various participants in a typical real estate deal, title insurance, escrow, taxes, and how to do your own research and due diligence.There's also a third BONUS section with tips on how to choose a real estate agent plus practical matters such as utilities, condos and fraccs, fees, insurance, and septic systems.YOU'LL LEARN ABOUT: The concept of civil law and the structure of Mexican law and governmentThe court system, including typical civil and criminal court proceduresThe difference between abogados, notarios, and corredoresMexican contracts and dispute resolutionTypes of land and property ownership, including foreign ownershipThe Calvo clause, Ejido land, the Maritime Zone, and the Restricted ZoneBuying property via trust, direct deed, and corporate titleWho's involved in a real estate transaction, along with their roles and dutiesThe process of closing and registering your title - including title insurance and taxesCarrying out your own due diligence.