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1. Project Risk Assessment
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Feasibility and time line review |
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Review of property’s sale price compared to
current market comparables, activity and known title
problems. |
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Review of property’s title to confirm legal
ownership and potential liens and encumbrances. If problems
exist, remedial actions to satisfy title insurance company
underwriters, if possible, will be offered. |
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Procedures and negotiating strategies for purchase/sale
contracts under Mexican law and business practices. |
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Alternatives for taking title to real property under
Mexico’s foreign ownership and tax laws. |
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The real estate purchase and closing process, including
costs, time lines, role of the Notario Publico and title
company. |
2. Site Selection and Contract
Negotiation – acting in your behalf,
we have the ability and market knowledge to locate properties
that fit your investment requirements and negotiate a purchase
contract while you remain anonymous.
3. Custom
Assemble a Team of Mexico Real Property Experts – drawn
from FirstMexico Group’s personal and time tested network
to assist you with all aspects of your planned development
including attorneys, tax experts, Notario Publicos, master
planners, market study and appraisers, surveyors, civil and
environmental engineers, and project managers.
4. Raw Land
Entitlement – together with our group of experts we
have the ability to take underdeveloped tracts of land, including
Ejidos, through municipal, state and federal entitlements
and project approval processes to secure zoning, densities,
and environmental approvals.
5. Financing Sources
– equity and debt financing for construction and residential
mortgages
6.Title Insurance – Owner and Lender’s
policies
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At no cost to you, we act as your agent to negotiate
the best coverages, pricing and service with the US
and Mexican title insurance companies including master
developer programs. |
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We prepare a written comparison of the title companies
proposals and will advise you on the best title insurance
option based on your needs, tax strategy and timing. |
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We manage the policy underwriting with the title
company to quickly identify and seek remedies for potential
deal killing title problems as well as coordinate the
issuance of the title commitment and policy to match
the timing and trigger dates of the purchase/sale contract. |
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