It always helps to know the language when doing deals in a foreign country. Even though it isn't necessary to speak Spanish to buy property in Mexico, it can certainly help you to better understand the process.
FIDECOMISO (fee-day-co-miso) - renewable bank trust
CASA (ka-sa) - house
CONDOMINIO (con-do-men-e-o) - condo
IMPUESTOS (em-pue-stos) - taxes
TASA DE INTERES (ta-sa de en-ter-es) - interest rate
VALOR CATASTRAL (val- or ka-tas-trall) - official value of the property
IMPUESTO PREDIAL (em-pue-sto pre-dee-al) - property tax
BIENES RAICES (bee-en-es rye-e-ses) - real estate
NOTARIO (no-tar-e-o) - Notary (different than notary in the U.S.)
If you have any questions or come across any words in Spanish and you would like to know what they mean, just drop me a line!
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