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Follow on Google News | Ejidos? Only Mexican Lands!!!!Buying in Mexico is possible for foreigners! But any purchaser needs to be aware of the Mexican law regarding the EJIDOS lands. Ejidos lands can be only sold to Mexicans. Be careful when you purchase your real estate good. Be well adviced!
By: American Development CO, Canada2playa When ejidos were originally granted, they were placed in non-prime locations at the time, usually in places where the towns weren’t. Nowdays, you can find ejidos situated on beautiful and highly desirable beach locations. Non-Mexicans see these beautiful beach front properties being used by a few Mexican peasants and offers are made to purchase the property. Money changes hands and often homes are built by the non-Mexicans. Tough luck for these non-Mexicans who didn’t consult with a qualified and dependable Mexican real estate attorney about a title search and what is ejido land and who is eligible to own it. All non-Mexicans who occupy ejido land are illegal trespassers on that land, because only Mexicans are allowed to use the ejido land. Before buying property in Mexico, make certain you are buying property which you can legally own. In any case, if one wants to purchase a real estate good in Mexico, one has to be very carefull about the law. Be sure to be well-informed and to a have a competent adviser from the beginning to the end. For more information on the latest real estate and development work contact us at www.american- # # # Our Goal is to provide an ex-pats resource center, where we’ll constantly be updating helpful information, helping you to make the moving process as simple as possible, while giving you the proper tools to make your real estate purchase an informative decision. End
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