Our Services

We have over 16 years of experience
 

Closing coordination

A real estate closing coordinator organizes all aspects of the final stages in a real estate transaction. As a real estate closing coordinator, you prepare closing documents in order to facilitate a smooth transaction between buyer and seller. Your responsibilities include providing clear communication to all parties regarding the closing schedule. Other duties involve thorough explanations to buyers, sellers, and agents regarding legal aspects of the transaction, as well as the rights and responsibilities of each side during the transaction. You conduct transactions at the property involved or go to clients homes, offices, or elsewhere to close the deal.

This is the most important step in the procedure, once we receive the property records, and parties’ documents, we perform research at the city offices, bank institutions, Homeowners associations, recordings office, and any other that applies to the property being sold, since every property has its own characteristics.

This research and examination provide the information to prepare the closing costs estimation, compute taxes, and guarantee that the property doesn’t have a lien or an impediment and that the transfer will happen smooth and that we will comply with the time frame stated in the Purchase offer.

When a property does have an impediment, we provide that information to the parties and agents, along with our comments, solutions and time required to place the property in the right spot to be transferred.

Once the closing costs are estimated and approved by the clients, we prepare the documents required by the institutions involved in the transfer.

Some of the documents prepared by our office are:
-Know your customer app.
-Escrow agreement.
-Disbursement instructions.
-Bank applications.

Some of the documents requested to institutions are:
-No lien certificate.
-Water certificate.
-Land/property tax certificate.
-Bank statements.

Some of the documents requested or produced are:
-Power of attorney.
-Instruction letters.
-Promissory notes.
-Private contracts.

Some of the documents requested to our clients are:
-Personal information format.
-Color copy of identifications.
-Utility bill.
-Migratory card.

Once all the documents are collected, applications are signed, the instruction letter is certified, and all copies needed are printed, we send the file to the notary office and the bank for approval and deed preparation.

When the bank approves the file, they send a letter to the notary office, with this letter, the notary prepares a contract called deed, that can be a bank trust, assignment of rights, sale, etc. once the deed is ready, we send it to the bank for the final review and approval, if the deed complies with the bank regulations, they send it back with an authorization letter, at this moment we can finalize the procedure with the closing.

This is the most satisfying part of the procedure, now that everything is approved, we send a request to our clients to send the remaining funds to the escrow account, and we schedule an appointment to sign the private contract or deed, parties come to our office, they sign and we request the funds to be disbursed to the sellers account and the buyer receives the keys of the property.

Now that money has been disbursed and the client has possession of the property, it may seem that the procedure is finished, but it is not, there are some steps to take in order to properly formalize a transfer, and I will list some of them:

-Property transfer format in the city, this document must be filed and once approved by the city, pay the taxes and certification, since it is an attachment of the certified copy we will give it to our client at the very end of the procedure.
-Registration office, once we have the certified copy from the notary, we send it to the registration office to update their records and keep control of the ownership of the properties in Puerto Peñasco.
-Energy/electricity service at the CFE, as part of our service, we take care of the update in the CFE records, this way the new owner can have his name in the bill and use it as a utility bill for some other purposes and taxes.
-Water service at OOMAPAS, this is the final step and service provided, if the property does have a water contract, we also update the city records to have the new buyer in the water service contract.

Once all these steps are performed, we provide our clients with a certified copy of the deed recorded, along with the documents collected during the procedure, that now are attachments of the deed also.

Banktrust in Mexico

The Mexican government recognized that it was crucial to make foreign investment in Mexico safer and easier for non-Mexican citizens. Because the Mexican Constitution prohibits foreigners from purchasing or owning real estate within 60 miles of the U.S. international border, or within 30 miles of the Mexican coast, an innovative and secure method of holding a title was created. This method allows foreign ownership through a Mexican property trust called a Fideicomiso. This is a trust agreement, much like an estate trust in the U.S., which gives the Purchaser all of the rights of ownership.

In order to obtain the rights of ownership through a Fideicomiso, the Department of Foreign Affairs in Mexico City issues a permit to the Mexican bank of the Purchaser’s choice, allowing the bank to act as Purchaser of the property.

Essentially, the bank acts as the “Trustee” for the trust and the Purchaser is the “Beneficiary” of the trust. The trust is not an asset of the bank; the bank simply acts as the Trustee to hold the trust.

Much like living wills or estate trusts in the U.S., with a Fideicomiso the Mexican bank, or Trustee, takes instruction only from the Beneficiary of the trust (the Purchaser).

The Beneficiary has the right to use, occupy, lease and possess the property, including the right to build on it or otherwise improve it. The Beneficiary may also sell the property by instructing the Trustee to transfer the rights to another qualified Purchaser, or bequeath the property to an Inheritor. The initial term of the trust is 50 years, however the trust can be renewed for additional periods of 50 years indenitely, providing for long-term control of the asset through the Fideicomiso.

The Purchaser holds the same rights as a property owner in the U.S. or Canada, including the right to enjoy, sell, rent or improve the property, etc.

This is not to be confused with a land lease. The property purchased is placed in a trust with the Purchaser named as the Beneficiary of the trust — the Purchaser is not a lessee. If the property purchased is already held in a trust, the Purchaser has the option of assuming that trust, or having the property vested in a new trust

Sales among mexican citizens dual citizenship

The sale is a contract by virtue of which one of the parties transfers to the other the ownership of a thing or a right, obliging the latter to the payment of a certain price and in money.

Among our services is to provide support and advice to our clients to formalize their sales or the transfer of rights or furniture in the simplest way, protecting the interests of both the buyer and the seller.

Litigation and collections

In Mexico Docu Prep, we are a group of lawyers trained in different areas of law, we are dedicated to the protection and defense of the particular interests of our clients, offering legal advice in relation to the acquisition of real estate either directly or by succession. Our fundamental project is to offer our clients a professional legal service, providing legal advice that meets the demands and needs of each client in particular, obtaining satisfaction in the results on the matters requested. Our goal is to offer a quality and trustworthy service to our clients, who are the main base of our office.

Others services

- Mexican corporations, meeting minutes and amendments.
-Incorporation of companies, meetings and amendments.
-Management of discounts for trust debts.
- Advice on Wills.
- Trust Management.
- Payment of trust administration fees.
- Background search.
- Federal zone concession.
- Property tax payment.
- Payment of services and property management.