We Like Property Owners Buying Land in Cozumel by Kelley Morgan Trusts or Fidecomiso Foreigners may purchase real estate directly in their names throughout the interior of Mexico. Any property bought by foreigners should have a title, otherwise, you have no guarantees it will be yours in a few years.
Trusts are set up through banking institutions and the bank holds the title of the property.
The foreigner is the beneficiary of the trust. The foreigner may live in, rent, remodel or sell the property and has rights to all profits. Trusts may be set up for periods up to 50 years and are renewable. The foreigner can also name beneficiaries to the trust in case of death. The process begins with an offer, and it is secured with a deposit to insure you are serious, the earnest money being applied to the final sales price of the property.