{"id":2007,"date":"2018-12-20T02:53:19","date_gmt":"2018-12-20T02:53:19","guid":{"rendered":"https:\/\/demo2wpopal.b-cdn.net\/maisonco\/?page_id=7"},"modified":"2022-05-25T20:09:20","modified_gmt":"2022-05-25T20:09:20","slug":"faq","status":"publish","type":"page","link":"https:\/\/blubayrealestate.com\/index.php\/faq\/","title":{"rendered":"FAQ"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2007\" class=\"elementor elementor-2007\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-section elementor-top-section elementor-element elementor-element-03181d2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"03181d2\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-884f038\" data-id=\"884f038\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-61275dd elementor-heading__align-center elementor-widget elementor-widget-heading\" data-id=\"61275dd\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.5 - 27-04-2022 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h3 class=\"elementor-heading-title elementor-size-default\">Get all the answers to the most frequently asked questions (FAQs) <\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3513b6a elementor-heading__align-center elementor-widget elementor-widget-heading\" data-id=\"3513b6a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">general questions<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bef3ce3 elementor-widget elementor-widget-accordion\" data-id=\"bef3ce3\" data-element_type=\"widget\" data-widget_type=\"accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.5 - 27-04-2022 *\/\n.elementor-accordion{text-align:left}.elementor-accordion .elementor-accordion-item{border:1px solid #d4d4d4}.elementor-accordion .elementor-accordion-item+.elementor-accordion-item{border-top:none}.elementor-accordion .elementor-tab-title{margin:0;padding:15px 20px;font-weight:700;line-height:1;cursor:pointer;outline:none}.elementor-accordion .elementor-tab-title .elementor-accordion-icon{display:inline-block;width:1.5em}.elementor-accordion .elementor-tab-title .elementor-accordion-icon svg{width:1em;height:1em}.elementor-accordion .elementor-tab-title .elementor-accordion-icon.elementor-accordion-icon-right{float:right;text-align:right}.elementor-accordion .elementor-tab-title .elementor-accordion-icon.elementor-accordion-icon-left{float:left;text-align:left}.elementor-accordion .elementor-tab-title .elementor-accordion-icon .elementor-accordion-icon-closed{display:block}.elementor-accordion .elementor-tab-title .elementor-accordion-icon .elementor-accordion-icon-opened,.elementor-accordion .elementor-tab-title.elementor-active .elementor-accordion-icon-closed{display:none}.elementor-accordion .elementor-tab-title.elementor-active .elementor-accordion-icon-opened{display:block}.elementor-accordion .elementor-tab-content{display:none;padding:15px 20px;border-top:1px solid #d4d4d4}@media (max-width:767px){.elementor-accordion .elementor-tab-title{padding:12px 15px}.elementor-accordion .elementor-tab-title .elementor-accordion-icon{width:1.2em}.elementor-accordion .elementor-tab-content{padding:7px 15px}}<\/style>        <div class=\"elementor-accordion\" role=\"tablist\">\n                    <div class=\"elementor-accordion-item\">\n            <div id=\"elementor-tab-title-2001\" class=\"elementor-tab-title\" tabindex=\"2001\" data-tab=\"1\" role=\"tab\" aria-controls=\"elementor-tab-content-2001\">\n                        <span class=\"elementor-accordion-icon\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t<i class=\"elementor-accordion-icon-closed fa fa-plus\"><\/i>\n\t\t\t\t\t\t\t<i class=\"elementor-accordion-icon-opened fa fa-minus\"><\/i>\n\t\t\t\t\t\t<\/span>\n                    Q: Can a USA or Canadian citizen own real estate in Mexico?            <\/div>\n            <div id=\"elementor-tab-content-2001\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-2001\"><div><p><strong><span lang=\"EN-US\">A:<\/span><\/strong><span lang=\"EN-US\">\u00a0Yes, a foreigners can buy properties in Mexico through a bank that would work as a trust (fideicomiso).<\/span><\/p><\/div><\/div>\n            <\/div>\n                    <div class=\"elementor-accordion-item\">\n            <div id=\"elementor-tab-title-2002\" class=\"elementor-tab-title\" tabindex=\"2002\" data-tab=\"2\" role=\"tab\" aria-controls=\"elementor-tab-content-2002\">\n                        <span class=\"elementor-accordion-icon\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t<i class=\"elementor-accordion-icon-closed fa fa-plus\"><\/i>\n\t\t\t\t\t\t\t<i class=\"elementor-accordion-icon-opened fa fa-minus\"><\/i>\n\t\t\t\t\t\t<\/span>\n                    Q: Can one buy property near or in front of the sea?            <\/div>\n            <div id=\"elementor-tab-content-2002\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-2002\"><div><p><strong><span lang=\"EN-US\">A:<\/span><\/strong><span lang=\"EN-US\">\u00a0Yes, as per a law passed in the year 1973 and 1993 foreigners, foreign firms, as well as Mexican firms with foreign participation can own coastal real estate via bank trust.<\/span><\/p><\/div><\/div>\n            <\/div>\n                    <div class=\"elementor-accordion-item\">\n            <div id=\"elementor-tab-title-2003\" class=\"elementor-tab-title\" tabindex=\"2003\" data-tab=\"3\" role=\"tab\" aria-controls=\"elementor-tab-content-2003\">\n                        <span class=\"elementor-accordion-icon\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t<i class=\"elementor-accordion-icon-closed fa fa-plus\"><\/i>\n\t\t\t\t\t\t\t<i class=\"elementor-accordion-icon-opened fa fa-minus\"><\/i>\n\t\t\t\t\t\t<\/span>\n                    Q: How long a foreigner can reside in Mexico per year?            <\/div>\n            <div id=\"elementor-tab-content-2003\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-2003\"><div><p><strong><span lang=\"EN-US\">A:<\/span><\/strong><span lang=\"EN-US\">\u00a0Mexico government issue Tourist Visa for foreigners. The validity of a tourist visa is for 180 days (almost six months). One can also apply for Temporary Resident Visa, which is valid for a 12 month period from their country and it can be renewed for up to four years.<\/span><\/p><\/div><\/div>\n            <\/div>\n                    <div class=\"elementor-accordion-item\">\n            <div id=\"elementor-tab-title-2004\" class=\"elementor-tab-title\" tabindex=\"2004\" data-tab=\"4\" role=\"tab\" aria-controls=\"elementor-tab-content-2004\">\n                        <span class=\"elementor-accordion-icon\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t<i class=\"elementor-accordion-icon-closed fa fa-plus\"><\/i>\n\t\t\t\t\t\t\t<i class=\"elementor-accordion-icon-opened fa fa-minus\"><\/i>\n\t\t\t\t\t\t<\/span>\n                    Q: Who is involved in a bank trust?            <\/div>\n            <div id=\"elementor-tab-content-2004\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-2004\"><div><p><strong><span lang=\"EN-US\">A:<\/span><\/strong><span lang=\"EN-US\">\u00a0The bank trust is made of three parties. Trustor, the seller of the property; Trustee; the bank (Fiduciario), and the buyer is the Beneficiary (Fideicomisario.)<\/span><\/p><\/div><\/div>\n            <\/div>\n                <\/div>\n        \t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-06fbc5d elementor-widget elementor-widget-accordion\" data-id=\"06fbc5d\" data-element_type=\"widget\" data-widget_type=\"accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t        <div class=\"elementor-accordion\" role=\"tablist\">\n                    <div class=\"elementor-accordion-item\">\n            <div id=\"elementor-tab-title-7321\" class=\"elementor-tab-title\" tabindex=\"7321\" data-tab=\"1\" role=\"tab\" aria-controls=\"elementor-tab-content-7321\">\n                        <span class=\"elementor-accordion-icon\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t<i class=\"elementor-accordion-icon-closed fa fa-plus\"><\/i>\n\t\t\t\t\t\t\t<i class=\"elementor-accordion-icon-opened fa fa-minus\"><\/i>\n\t\t\t\t\t\t<\/span>\n                    Q: Does bank charged additional fees for the Bank Trust?            <\/div>\n            <div id=\"elementor-tab-content-7321\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-7321\"><div><p><strong><span lang=\"EN-US\">A:<\/span><\/strong><span lang=\"EN-US\">\u00a0Yes. The bank charges an annual fee for its services as a Trustee.<\/span><\/p><\/div><\/div>\n            <\/div>\n                    <div class=\"elementor-accordion-item\">\n            <div id=\"elementor-tab-title-7322\" class=\"elementor-tab-title\" tabindex=\"7322\" data-tab=\"2\" role=\"tab\" aria-controls=\"elementor-tab-content-7322\">\n                        <span class=\"elementor-accordion-icon\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t<i class=\"elementor-accordion-icon-closed fa fa-plus\"><\/i>\n\t\t\t\t\t\t\t<i class=\"elementor-accordion-icon-opened fa fa-minus\"><\/i>\n\t\t\t\t\t\t<\/span>\n                    Q: How does the trust function?            <\/div>\n            <div id=\"elementor-tab-content-7322\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-7322\"><div><p><strong><span lang=\"EN-US\">A:<\/span><\/strong><span lang=\"EN-US\">\u00a0The title ship of a \u00a0property is transferred to a trust where Mexican bank acts as Trustee. The Mexican Ministry of Foreign Affair issue permits to formalize the trust agreement. The buyer is titled as Beneficiary in the Trust and buyer\u2019s rights are recorded in the public record by a Notary Public.<\/span><\/p><\/div><\/div>\n            <\/div>\n                    <div class=\"elementor-accordion-item\">\n            <div id=\"elementor-tab-title-7323\" class=\"elementor-tab-title\" tabindex=\"7323\" data-tab=\"3\" role=\"tab\" aria-controls=\"elementor-tab-content-7323\">\n                        <span class=\"elementor-accordion-icon\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t<i class=\"elementor-accordion-icon-closed fa fa-plus\"><\/i>\n\t\t\t\t\t\t\t<i class=\"elementor-accordion-icon-opened fa fa-minus\"><\/i>\n\t\t\t\t\t\t<\/span>\n                    Q: What are the rights of a buyer?            <\/div>\n            <div id=\"elementor-tab-content-7323\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-7323\"><div><p><strong><span lang=\"EN-US\">A:<\/span><\/strong><span lang=\"EN-US\">\u00a0As Beneficiary, one can sell their property without restriction. The beneficiary may also transfer property rights to a third party or pass it on to named heirs.<\/span><\/p><\/div><\/div>\n            <\/div>\n                    <div class=\"elementor-accordion-item\">\n            <div id=\"elementor-tab-title-7324\" class=\"elementor-tab-title\" tabindex=\"7324\" data-tab=\"4\" role=\"tab\" aria-controls=\"elementor-tab-content-7324\">\n                        <span class=\"elementor-accordion-icon\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t<i class=\"elementor-accordion-icon-closed fa fa-plus\"><\/i>\n\t\t\t\t\t\t\t<i class=\"elementor-accordion-icon-opened fa fa-minus\"><\/i>\n\t\t\t\t\t\t<\/span>\n                    Q: Is the Trust Renewable?            <\/div>\n            <div id=\"elementor-tab-content-7324\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-7324\"><div><p><strong><span lang=\"EN-US\">A:<\/span><\/strong><span lang=\"EN-US\">\u00a0\u00a0As per 1993 law, Trusts can be renewed for an indefinite number of successive 50 year periods.<\/span><\/p><\/div><\/div>\n            <\/div>\n                    <div class=\"elementor-accordion-item\">\n            <div id=\"elementor-tab-title-7325\" class=\"elementor-tab-title\" tabindex=\"7325\" data-tab=\"5\" role=\"tab\" aria-controls=\"elementor-tab-content-7325\">\n                        <span class=\"elementor-accordion-icon\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t<i class=\"elementor-accordion-icon-closed fa fa-plus\"><\/i>\n\t\t\t\t\t\t\t<i class=\"elementor-accordion-icon-opened fa fa-minus\"><\/i>\n\t\t\t\t\t\t<\/span>\n                    Q: Who is involved in Real Estate transactions in Mexico?            <\/div>\n            <div id=\"elementor-tab-content-7325\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"5\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-7325\"><div><p><strong><span lang=\"EN-US\">A:<\/span><\/strong><span lang=\"EN-US\">\u00a0Normally there are five players involved in a real estate transaction. These are the real estate company, the seller, the buyer, a bank, and a Public Notary.<\/span><\/p><\/div><\/div>\n            <\/div>\n                <\/div>\n        \t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Get all the answers to the most frequently asked questions (FAQs) general questions Q: Can a USA or Canadian citizen own real estate in Mexico? A:\u00a0Yes, a foreigners can buy properties in Mexico through a bank that would work as a trust (fideicomiso). Q: Can one buy property near or in front of the sea? &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blubayrealestate.com\/index.php\/faq\/\" class=\"more-link\">Read More <span class=\"screen-reader-text\"> &#8220;FAQ&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-elementor.php","meta":{"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"class_list":["post-2007","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/blubayrealestate.com\/index.php\/wp-json\/wp\/v2\/pages\/2007","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blubayrealestate.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/blubayrealestate.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/blubayrealestate.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blubayrealestate.com\/index.php\/wp-json\/wp\/v2\/comments?post=2007"}],"version-history":[{"count":3,"href":"https:\/\/blubayrealestate.com\/index.php\/wp-json\/wp\/v2\/pages\/2007\/revisions"}],"predecessor-version":[{"id":2105,"href":"https:\/\/blubayrealestate.com\/index.php\/wp-json\/wp\/v2\/pages\/2007\/revisions\/2105"}],"wp:attachment":[{"href":"https:\/\/blubayrealestate.com\/index.php\/wp-json\/wp\/v2\/media?parent=2007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}