Coldwell Banker Riveras
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CANADA/U.S. Phone: 858.964.3710 | LOCAL (624) 143.1341
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  • What is a Fideicomiso?

cristina_closing-webForeign citizens who wish to buy property within 50 kilometers / 31 miles of the coastline or 100 km / 62 miles of a border are required to obtain a “Fideicomiso,” which functions similarly to a Living Trust in the USA. The ‘owner/buyer’ of the property is designated as a beneficiary of the trust which actually holds the title through a bank that acts as a trustee and carries out the instructions of the beneficiary. While the mechanics seem foreign the actual function of a trust is very similar to a simple title ownership.

It is important to point out that a Fideicomiso is not a lease, concession or right to use, but allows the Trustee bank to hold title for the beneficiary (buyer/owner) and act as the owner of the property. Although it is mostly used by foreigners, many Mexicans use a trust for estate planning purposes given some of the many benefits.

Each Fideicomiso is valid for 50 years, and when it expires, the trust permit needs to be renewed. This is just an administrative process that can be done directly with the Trustee bank or through Pacific Closing, our in-house Closing Company.

For more information about a Fideicomiso and what it represents, contact us at info@cbriveras.com where our Closing Coordinator will help you with all your answers.

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Tweets by @CBRiveras

Coldwell Banker Riveras, Baja California Sur Real Estate & Living Coldwell Banker Riveras, Baja California Sur Real Estate & Living added 3 new photos.

2 hours ago

Coldwell Banker Riveras, Baja California Sur Real Estate & Living

Casa Paloma - Oceanfront
Rancho Nuevo, Pacific
4 beds | 3195.72 sqft | MLS# 17-2473
More info: ow.ly/FiRn30jmNwH
#cbriveras #realtors #realestate
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Coldwell Banker Riveras, Baja California Sur Real Estate & Living Coldwell Banker Riveras, Baja California Sur Real Estate & Living added 4 new photos.

19 hours ago

Coldwell Banker Riveras, Baja California Sur Real Estate & Living

History Walk in Todos Santos
odos Santos is an oasis in the Baja desert, home to hundreds of national and foreign families… and an integral piece of history of the southern Baja Peninsula. Part of its magic resides in its charming streets and colorful and historic buildings mixed with newer constructions designed and built by talented professionals. How many stories can they tell? What are their most precious secrets?
If you want to continue reading click here: bit.ly/2vm7GWh
By: Alvaro Colindres
#escapesmagazine #cbriveras #realtors #bajalovers #todossantos #realestate #pueblomagico
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Coldwell Banker Riveras, Baja California Sur Real Estate & Living Coldwell Banker Riveras, Baja California Sur Real Estate & Living added 3 new photos.

1 day ago

Coldwell Banker Riveras, Baja California Sur Real Estate & Living

Villas de Cerritos D-1
Cerritos
MLS# 17-2416
2 beds | 1692.01 sqft
More info: ow.ly/fTdD30jmN16
#cbriveras #realtors #realestate #cerritos
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Coldwell Banker Riveras, Baja California Sur Real Estate & Living Coldwell Banker Riveras, Baja California Sur Real Estate & Living updated their cover photo.

2 days ago

Coldwell Banker Riveras, Baja California Sur Real Estate & Living

Fantastic entry level single -family home opportunity in the previously named ''Cabo Hills Villas''. This newly introduced location named Hacienda D'Cortes offers 2-5 bedroom refurbished homes with new appliances, common pool, views and BBQ. HOA fees to be determined; Fideicomiso or Escrituras guaranteed! If you are having a difficult time finding the right property for your young, entry level clients.
More info: bit.ly/2F8fOJv
Gabriela Velazquez
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Coldwell Banker Riveras, Baja California Sur Real Estate & Living Coldwell Banker Riveras, Baja California Sur Real Estate & Living added 3 new photos.

2 days ago

Coldwell Banker Riveras, Baja California Sur Real Estate & Living

Finca Vista Paraiso, La Paz,
Lot M2: 44158.57 | MLS# 18-543
More info: ow.ly/QFPi30jmNpb
#cbriveras #realtors #realestate #lapaz
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Coldwell Banker Riveras, Baja California Sur Real Estate & Living Coldwell Banker Riveras, Baja California Sur Real Estate & Living added 3 new photos.

3 days ago

Coldwell Banker Riveras, Baja California Sur Real Estate & Living

El Camino Real Lot #9
Los Barriles
Lot M2: 1308.49 | MLS# 15-118
More info: ow.ly/Bqgc30jmNll
#cbriveras #realtors #realestate #losbarriles
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Coldwell Banker Riveras, Baja California Sur Real Estate & Living Coldwell Banker Riveras, Baja California Sur Real Estate & Living added 3 new photos.

4 days ago

Coldwell Banker Riveras, Baja California Sur Real Estate & Living

Predio Rústico de 180 Hectáreas ubicado a 10 minutos del libramiento La Paz – Pichilingue con acceso a 5 minutos de la termoeléctrica CFE.
Precio por M2 = $9.44 Pesos MN.
Más información: ow.ly/Azan30jBvVJ
#cbriveras #realtors #lapaz #bienesraices #liveinbaja #realestate #lotes
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Coldwell Banker Riveras, Baja California Sur Real Estate & Living Coldwell Banker Riveras, Baja California Sur Real Estate & Living added 2 new photos.

4 days ago

Coldwell Banker Riveras, Baja California Sur Real Estate & Living

Lot H
San Jose del Cabo,
Lot M2: 1152 | MLS# 17-2214
More info: ow.ly/KOoJ30jmNcO
#cbriveras #realtors #realestate #sanjosedelcabo
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