Escrow in Real Estate: Benefits and How It Works

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”

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?”