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Originally Posted by escorpio
Americans and other foreigners may obtain direct ownership of property in the interior of Mexico. However, under Mexican law, foreigners cannot own property outright within the restricted zone.
http://www.mexonline.com/propmex.htm |
Nice to see you weren't to lazy to pull up the first thing you find in google (literally) this time around. Now we look past the 'mexonline' version of things into the actual legal system.
Yes, it's possible for an American to aquire land in Mexico, but only indirectly. They are required to set up a mexican coproration that has at least %1 ownership held by a resident, as contracturally non-mexicans are treated like minors and therefore can't contract for title or for financing. Sure there are banks willing to structure this setup for americans recently, but if you're going to parallel this to the ease with which a foreigner can buy land in the US you're just dense.
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Looks like their laws regarding immigrants are a lot like the U.S.A.
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So why should we do them any favors they don't reciprocate?