A Change to Buying Land Near Mexico's Coasts? Tim Johnson - McClatchy Newspapers
go to original April 6, 2013

For nearly a century, foreigners have been holding deeds to land near Mexico’s borders or shoreline. The prohibition came as a result of fear of invasion by land or sea.

Over the past four decades, foreigners have indeed been able to obtain beachfront property but through a bureaucratic process in which they set up a Mexican bank trust. The bank actually holds the deed. Through the trust, the foreigners enjoy basically the same rights as Mexicans.

Now, change is in the air, and it could save money for thousands of American retirees and other foreigners who want to buy their piece of paradise in Mexico.

Read the rest at Mexico Unmasked

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