You may be familiar with the term “escrow” if you’ve done real estate purchases before. In case you haven’t, we’re here to help. What is Escrow? Escrow is a financial arrangement in which two parties enlist a “third party” (who is neither the buyer nor the seller) to temporarily hold money, paperwork, or other assetsContinue reading “Escrow in Real Estate: Benefits and How It Works”
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Bank Trust in Mexico: What Is It and How Does It Work?
The Mexican bank trust is an instrument commonly used for non-Mexican nationals, such as U.S. citizens and Canadians, to purchase coastal land in Mexico. This bank trust in Mexico is known as a “fideicomiso”. Most people use the term “bank trust” simply because it is easier to pronounce than fideicomiso, but when talking in Spanish, youContinue reading “Bank Trust in Mexico: What Is It and How Does It Work?”