GringoTJ Posted July 24, 2019 Report Share Posted July 24, 2019 I found some land that i will be purchasing with a bank trust, i have an agent that is very helpful, i wanted to be extra careful as i have come across reports of people losing their homes with no recourse, heck i found this article which explains Walmart and other large corps were screwed by a land deal, im sure they had a team of lawyers http://www.ensenada.net/noticias/nota.php?id=38756 Apparently the child forged the signature of the parent and the parent took them to court in which the contract was found voided since the signature was forged In this article a person was selling land gotten through fraud for over a decade http://saidbetanzos.com/2018/05/21/aprehenden-a-defraudadora-de-villas-san-pedro-en-playas-de-rosarito/ so if some of them had attornies and the paperwork was so legit that they didnt even notice, do the buyers have any options? The seller is asking for a $5000 deposit, for the deposit and final payment is it advised to ONLY use escrow? I have looked into title insurance and some people say the coverages that it provides in Mexico are much less than in the US and that it may not protect you, if a distant relative comes asking for their property, you might have no recourse Most people recommend getting an attorney and i definitely will but so did Walmart and they still had issues and lost everything Is there anyway to buy land completely risk free in Mexico? Quote Link to comment Share on other sites More sharing options...
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