Mexico has a bad rap when it comes to foreign ownership. People are afraid that there is no security of property ownership in Mexico. That notion is outdated, and if it’s keeping you from investing in property here, you should take a look at how things have changed.

First, about 1.5 million Americans own residential real estate in Mexico right now. There is plenty of security of property ownership in Mexico. In many places, including Puerto Vallarta, you can establish a claim on your property by following a few simple steps.

It’s important to look for properties whose ownership history is well known or able to be researched carefully. You should also engage the service of a Mexican lawyer or a lawyer who is well versed in Mexico property laws.

Second, don’t buy a property unless you can get title insurance. This is a standard feature of luxury properties and it is the hallmark of the security of ownership of property in Puerto Vallarta. Title insurance is all-important. If it’s not available on the property you’re considering, think twice about buying it.

Third, make sure you understand how to establish your ownership claims. Coastal properties must be held in a trust relationship called a fideicomiso. Mexican law requires this trust and it is the only way that you can establish a legitimate ownership claim on coastal property.

Fourth, you must have your purchase registered by the notario publico and you must take possession of your land. Mexico honors squatters’ rights, so it’s not sufficient to buy land and do nothing with it. A notario publico functions more like a judge than a notary public in the US, and this is an absolutely critical step in the establishment of ownership interest.

Select Mexico Properties has a staff of professionals who are familiar with Mexican property laws and can help you establish your land claims here. You can certainly find security of property ownership in Mexico, but you’ll need expert advice to help you through the process.