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Cancun Quintana
Roo
Public
Notaries-
Cancun Real Estate
Should
you decide to own property in you own name, a deed called an escritura,
must be prepared by a Mexican notary public.
There are big difference
between the United States notary public and Mexican notary public. In Mexico,
the notary public (notario público) are lawyers publicly
appointed by the State Governor who specialize in Contract Law. Every legal document,
such as deeds, wills, powers of attorney, constitution of corporations, establishment
of trusts and other legal transactions must be made before a notary public in
order to be valid. If the document is not notarized by a Mexican notary public
it is not legal! Whereas in the United States the public notary can
act only as a witness to your signature on a document. You can use publically
notarized documents (for Powers of Attorneys) signed in the United States but
for validity in Mexico you also need an Notarial Apostile from the State's Attorney's
office. When buying real estate and you reach an agreement, go to the notary
public first. The buyer chooses the notary public. For real estate transactions
you do not need an attorney. The notary public is completely capable and legally
authorized to carry out the transaction.
In many cases an attorney will
delay the transaction, charge you unnecessary high fees, and have absolutely no
bearing on the situation, as it is not of his competence. Before giving any type
of down payment or committing yourself to a deal, take a copy of the actual
escritura (which should be given to you by the seller with no argument if
everything is in order) to the notary public to check the deed's validity.
If
buying property from a developer, have the notary public check to see that he
has his permits for the development and for construction.
Next
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www.cancun
fishingcharters.com
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