By Ben Steverman -
2011-09-28T14:22:26Z
Real Estate Restrictions
When Jane Walsh moved from Arkansas to Mexico's Baja California, she loved her "gorgeous" new home, with its white stucco walls, red tile roof, air conditioning and proximity to beautiful beaches. Yet she didn't own the land the home sat on. Like other foreigners who buy real estate near Mexico's coasts or borders, Walsh had to lease the property from a bank trust.
Government rules and regulations for buyers can vary from area to area. It might not be easy to get a mortgage, particularly if you're not working. Network with acquaintances to "get a good local lawyer who's going to understand the red tape," says AARP The Magazine Executive Editor Ken Budd.
Photograph by Susana Gonzalez/Bloomberg
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.