UNDERSTANDING THE TRANSFER OF TITLE IN MEXICO
Property transfers have important legal and tax consequences. Don’t permit someone to persuade a full transfer of title to your name isn’t important!.
Prior to any transfer of real property by individuals or companies, Mexican or foreign, you should verify that there are no liens or encumbrances registered against the property.
If the property is encumbered, the lien will follow the property and the new owner may have to pay off the lien or risk losing it.
A title search is the best form of title verification available.
A Mexican real estate transfer is concluded or consumated at the time the Escritura Publica, the public deed, is signed and witnessed before a Mexican Notary Public. The Escritura Publica, or public deed must then be registered in the property tax department and in the Public Registry of Property and Commerce in the jurisdiction where the property is located in order to protect the interests of the Buyer and to provide notification to third parties.