Title Insurance

Sol Pacifico Cerritos is pleased to announce that we will be receiving a master title commitment from US based First American Title. Individual policies may be issued through the office of First American's designated representative.

Owning property in Mexico is safe and easy because now there are established and well-defined rules allowing non-Mexicans to own land in Mexico. These rules are in place to protect your ownership rights and to promote the sale of real estate to foreign investors. The key is a safe, established and perpetually renewable Mexican Property Trust called "Fideicomiso" or "Trust".

The First American International Policy of Title Insurance with the Mexican Endorsement ("Mexican Policy") is very similar to the American Land Title Association ("ALTA") policy available in the U.S. The Federal Department of Foreign Affairs in Mexico City issues a permit to a Mexican Bank, allowing the bank to act as purchaser of the property. The bank functions as the "Trustee" for the trust, and as the purchaser, you are the "Beneficiary" of the trust. The trust is not an asset of the bank, it simply holds the trust on your behalf. You are the only one who can direct the activities of the trust. You have all the same rights of a property owner in the U.S. or Canada, including the right to enjoy, sell, rent, improve or bequeath the property to an inheritor. The initial term of the trust is 50 years and it can be renewed for additional periods of 50 years indefinitely, providing long-term control of the asset. This is not to be confused with a "land lease". The property you buy is placed in a trust with you named as the beneficiary of the trust.

A trust interest may be sold or transferred much like any other interest in real property. Upon the sale of an interest in land held under a trust, the Secretary of Foreign Relations is required by law to issue a new trust permit to the buyer. Thus, the buyer will have a full 50-year term during which to use and enjoy the property, after which he or she may seek to have the trust renewed for an additional 50-year period.