Is it common for the sellers to offer seller financing?

Seller financing is not uncommon in Mexico and it is done through a so-called “reconocimiento de aduedo”, which is basically a lien placed on the deed of the property that is being sold. Attention: if you bought your property through a fideicomiso, you need to consult with your fideicomiso bank to verify if it allows…

What is an earnest money deposit?

It is a guarantee deposit paid towards a purchase (or a rental) of a property. It is normally kept by the agent in charge as a guarantee for the transaction and it is delivered to the seller on closing. The earnest money deposit is normally non-refundable unless the seller was to back out from the…

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