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Mexico President pledges incentives for filmmaking in Rosarito, Baja California

By Brian Flock ( Mexidata.info ) Mexican President Felipe Calderon, while visiting Baja California on March 9, pledged incentives to attract international filmmakers and productions to Rosarito Beach (Playas de Rosarito). The president implemented the

Mexico Might Allow Direct Foreign Ownership of Coastal Property in Baja California (Mexidata.info)

By Brian Flock · The decree would allow foreigners direct ownership of "residential use" property in the so-called prohibited zone. · Amendment could simplify and accelerate investment in tourist communities and beach areas. A

Prophetic words? Say “ADIOS” to virtual inventory

Prior counsel now especially apparent in the light of the global financial crisis In February 2008 , I wrote in Mexidata.info an article analyzing the Baja phenomenon of what I called “virtual real estate inventory.” I defined this as real

The Quest for Foreclosure Bargains in Mexico’s Touristic Communities (Mexidata)

By Brian Flock · Buyer Tips to Clarify Conventional Wisdom about Distressed Properties Buyers today have been regularly trained by the United States (US) media to be on the lookout for foreclosures as one of the staples of getting a great deal

Home Possession without Title is Risky -- Baja Real Estate

Get Your Property Title into a Bank Trust Now By Brian Flock With alarming regularity in the past, foreigners buying property in Mexico ignored their basic purchasing rights. Complete, legal title to a property in Mexico should have transfered at the

Mexican Standoff: Yet Another Reason to Use a Title Company to Escrow Purchase Funds

The following story in a Canadian newspaper should be an eye opener for buyers. Although the scary story has a "happy ending," it cost the author a month of angst and frustration and the lesson was simple: Always use a title company to manage

Rapid Growth of Mexican MLS Contributes to Open Market (Mexidata.info)

· Buyers, Sellers, and Brokers Benefit from Internet Technology The rapid growth in use of a new Internet technology over the past two years by Mexico real estate brokers has resulted in a de facto Mexican multiple listing service (MLS). The new

US Escrow vs. Mexico Escrow - The Same Word yet Two Countries Apart (from Mexidata.info)

Transaction security is essential to a healthy real estate market. However, many new buyers are surprised to learn processes that they take for granted in the United States are either optional or don’t have an exact equivalent in Mexico. This column

Title Insurance Not an Option!

Although originally printed in JOINus Rocky Point, January 2008, Baja Fair Trade recommends this message to all buyers in Northern Baja. Don't forget that title insurance is NOT available on property until you get title. Title insurance is not available