Conditions of the auctions
To participate, as it is a short sale process, you need to be a "cash buyer" or with a "pre-agreement mortgage from a bank". If you want to participate in the auctions, you just have to contact us and then you will have to sign the rules agreement and choose your escrow account, and you will start as soon as the down payment (deposit) will be received.
The deposit or down payment goes from $2,000 USD to $5,000 USD considering the property you will choose.
The escrow account is done with Stewart Title or Mexlaw companies.
The total Auction fee is 175 USD.
You will not have to pay for the real estate commission, as the owner is in charge of it.
Notary fees are between 5% to 7% of the cost of the property and have to be paid by the buyer, and if you are not Mexican, you will have to buy through a bank trust "fideicomiso" (the notary will take care of it).
Registration and qualification in the real estate Auctions
In order to participate in the auctions, you have to register by sending us an email at email@example.com with the following information:
- Property(ies) you are interested in
- Complete name
- A Phone Number we can communicate with via Whatsapp
- 2 IDs
We will fill in the contract and escrow agreement with you in order to participate in the auctions.
All your information will be confidential.