Canadians can now purchase, refinance and get construction loans for Mexico real estate.

Finance North America has announced its partnership with ScotiaBank of Canada to provide canadians options to purchase real estate in Mexico, this options include the purchase, refinance and construction loans.

This partnership will offer new oportunities for canadians looking to obtain real estate financing to invest in Mexico real estate, real estate mortgage loans in Mexico are more complex than mortgage transactions in Canada, that is why this partnership beetween  Scotia Bank of Canada and Finance North America is so important, it opens the door to opportunities for Canadian citizens who have wanted to buy mexican real estate and properties.

“The partnership between Finance North America and ScotiaBank provides the opportunity for us to fill a large void in the Mexico mortgage market for US and Canadian citizens.” said Russ Schreier, Founder and CEO, Finance North America.

Finance North America and ScotiaBank have joined their efforts to offer Canadians living in Mexico or thinking about moving to Mexico the best Mexico mortgage loans so that they may purchase a home in some of the most desirable Mexico destinations available, whether in a colonial city or town as well as in a coastal beach resort areas, in an easy and simple way.

How it works:

Finance North America assigns a U.S. broker who specializes in Mexico real estate mortgage loans to every case alongside a mortgage broker from ScotiaBank.

For additional information about the Finance North America and ScotiaBank partnership or purchasing Mexico real estate please visit www.mortgageporfavor.com.

Finance North America – Finance North America, Inc. specializes in providing mortgage financing to U.S. and Canadian citizens on real estate transactions in Mexico. They offer not only purchase and refinance lending, but also construction loans that convert effortlessly into permanent financing. Finance North America has over 25 years of experience in the mortgage, real estate industry and has a proven track record managing a variety of successful lending transactions on Mexico property.

Finance North America successfully closed the most financing transactions in the Mexico mortgage business in 2005, 2006, and year to date 2007

This is a new construction with a perfect location just a few blocks away from the main square of Patzcuaro its made with the traditional materials like, Talavera, tile floors and tile roof it has the main services like water, light and sewer also it has all the hook ups for cable TV, Phone line and internet hook up also this property is located on a very nice and tranquil street.

Totally renovated house with large rooms and front and back porticos. Two bedrooms, 2 baths, large study with fireplace, sitting room with rose quarry stone sculptured fireplace bearing the coat-of-arms of Pátzcuaro and the figure of Our Lady of Health, patron saint of the town. Kitchen and bathrooms beautifully finished with Dolores Hidalgo tiles.

Tile floors throughout. Mature landscaped yard with avocado trees, jacarandas, grapefruit tree, many flowers and an imposing Fresno tree ca. 150 ft. tall. Totally enclosed with two solid metal gates. Carport and room to park 6 or more cars off-street. Casita for guests or caretaker family that includes kitchen, living room, laundry area, bedroom and bathroom.

Villa La Jacaranda – for sale in Patzcuaro, Mexico (Video)

Throughout the exterior and interior, the home features a full complement of typical regional style trim.

This Patzcuaro charmer boasts attention to details and character, all this plus wiring and plumbing installations ready for a possible additional expantion of living space/terrace/sun deck for lounging and/or entertaining friends (owner´s option).

The windows and door are framed with Cantera stone hand worked.

]]> http://www.stamatiorealty.com/properties/patzcuaro/patzcuaro-colonial-homes/feed 4 http://www.stamatiorealty.com/properties/patzcuaro/sol-y-luna-patzcuaro-colonial-homes-from-120000-usd http://www.stamatiorealty.com/properties/patzcuaro/sol-y-luna-patzcuaro-colonial-homes-from-120000-usd#comments Thu, 12 Nov 2009 18:07:23 +0000 Sebastian S. http://www.stamatiorealty.com/?p=824 SOL Y LUNA COLONIAL HOMES

SOL y LUNA offers a few unique homes which have been newly built in Patzcuaro’s colonial style, using traditional materials. SOL y LUNA is located off Calle Esperanza, in the Historic Center, just 2 blocks walk from the main Plaza.

The most desirable location in magical Patzcuaro is this Southeast quadrant of the town.

Enjoy strolling through centuries old streets to the oasis of your colonial home, with its interior courtyard and enclosed parking.

PATZCUARO HISTORIC CENTER

Built with traditional materials:

• Talavera Cortez Tile / Azulejo Talavera Cortez
• Cantera Finishes / Terminados de Cantera
• Wood Beams & Gualdras / Vigas y Gualdras de Madera
• Wood Doors & Windowa / Puertas y Ventanas de Madera
• Ironwork / Herreria
• Wood Shingles / Tejamanil
• Roof & Floor Tile / Piso & Teja de Barro

Author: Blake Rayden

There is a snake crawling out of the centro histórico of Querétaro, Mexico. It makes its way 1.78 kms along what is now the avenue Zaragoza and finally hiding its head into one of the hills surrounding the center of the city. This snake is over 30 meters tall, and is made of stone, its blood was the life’s blood of Santiago de Querétaro for centuries. This snake is the aqueduct of Querétaro.

Whether you see it in the day or night, it is an impressive site. The Pan-American Highway makes its way beneath its arches. It has stood for hundreds of years and is still used today to bring water to the dozens of fountains that are found in the UNESCO world heritage city of Querétaro, Mexico. It is immaculately maintained, and is a fixture in the Querétaro landscape. Along it’s base it is now surrounded by trendy restaurants and coffee houses, but it was not always so.

When it was built, these streets were nothing more than fields of corn, and the legend of why the aqueduct was built is one of love that could never be. The aqueduct was built in the beginning of the 17th century by the Marquis del Villa del Aguila. At the time he was the richest man in Querétaro. He had more money than he could ever use, but he was old and alone. One day, while strolling through one of the many public plazas in Querétaro he came across a nun from the local convent of Santa Clara reading on a bench.

The beauty of the nun, made the Marquis fall instantly in love with her. Unable to resist he went over to talk to her. To his surprise and dismay, he found that her beauty was only matched by her intelligence and grace. What made matters worse was that this nun, Clarissa, also fell in love with him. But both the Marquis and Clarissa were pious people and they knew that Clarissa was already wed to the lord and could not be with another.

So, Clarissa asked the Marquis to show his love for her by building a home where they could both live together in spirit. Taking that to heart, the Marquis built the most beautiful house in the city, what is now the Hotel Casa de la Marquesa. The house was made of the most expensive material from around Mexico and the world. Its beauty rivaled the palace of the emporer in the Marquis homeland of Spain. But the crown jewel of the house was that it was the only one in Querétaro to have running water.

To make this possible he built the aqueduct of Querétaro, to bring water from 20 km’s away. He also shared this water with the public by placing 12 fountains around the city where the local population of Querétaro could have access to clean drinking water. To this day, the aqueduct, his house and the fountains stand as testament to this unrequited love.

Today the best place to view the Aqueduct is from atop the lookout point behind the Convent of the cross on top of the hill of Sangremal. Do not miss the opportunity to see it at night, when it is lit up and rises above the city.

About the Author:
Blake Rayden – lives with his wife in Mexico and runs a Spanish language school for foreigners, the Querétaro Language School . In his free time he enjoys writing, photography and travel. Come study at our Spanish School Queretaro Mexico.

Article Source: ArticlesBase.com – The Aqueduct of Querétaro, Mexico

ROLE OF THE NOTARIO (NOTARY PUBLIC) in Mexico.

The Notario’s function is different from that of the U.S. counterpart . The office is appointed by the State Governor and the Notario has the power to witness and certify business documents which require absolute authenticity. The office also must manage and secure storage of original records. The Notario has a law degree and must pass a stringent exam and the number of appointees is stricty limited. Under Mexican Law, a real estate deed must be prepared by a Notario.

Note that a Notario is a lawyer with specific duties and rights granted by the Mexican government, and is not the same as a U.S. notary. Mexican Law provides for private ownership of land by foreigners.

Notario Publico / Public Notary

Property may be purchased and title acquired for residential use by foreign nationals if it lies outside of the 100 kilometer border zone or outside of the 50 kilometer coastal zone.In the restricted border and coastal zones, foreigners may own land through a fidecomiso (a trust). These are set up through a bank.

In the restricted zones, a trust holds the deeds to the property for a designated beneficiary (or beneficiaries). The beneficiary may develop the property in accordance with local regulations, rent it, sell it, etc. The trust allows the beneficiary to name a beneficiary upon death. A buyer does not have to be a legal resident of Mexico to own real estate.

A Notario should guide the buyer through the necessary steps and documentation procedures that should be followed under Mexican law for real estate transactions.

Title insurance is not commonly used in Mexico, and it is not currently available in many states. However, title insurance is now available in Michoacán, and the Notario approved for title searches is located in Patzcuaro.

BUYER CLOSING COSTS

Closing costs are paid by the buyer. Usual costs include:

• Notary Public fees.
• Certificate issued by the Public registry of the Property stating that the property is free of liens and encumbrances.
• A permit for a foreigner to purchase real estate. Cost is approximately Pesos $5,075  for each individual whose name appears on the title.
• Real estate acquisition tax of approximately 2.2%.
• Public recording fee.
• Appraisal fee and blue prints, if required.
• Other.

This general information is not intended to be comprehensive. Consult an attorney experienced in Mexican real estate law for legal counsel.

NOTARY PUBLIC IN PATZCUARO

Notaría # 24 Notario : Lic. José Hernández Garnica
Tel/Fax : (434) 342-05-00, (434) 342-27-56 From U:S dial 011-52+number
E-mail : not_24@hotmail.com
Address : Codallos # 28 Colonia Centro, Pátzcuaro, Michoacan. Mexico C.P. 61600

Notaría # 61 Notario : Lic. Ernesto Valladares Gómez
Tel/Fax : (434) 342-04-97 From U:S dial 011-52+number
E-mail :
Address : Dr. Benito Mendoza # 22 Interior “B”, Pátzcuaro, Michoacan. Mexico C.P. 61600

Notaría # 90 Notario : Lic. Ignacio Manuel Sandoval Hernández
Tel/Fax : (434)342-25-27, (434) 324-53-44 From U:S dial 011-52+number
E-mail:
Address : Ahumada # 13, Pátzcuaro, Michoacan. Mexico C.P. 61600

Notaría # 114 Notario : Lic. Irma Vargas Fernández
Tel/Fax : (434) 342-31-48 From U:S dial 011-52+number
E-mail :
Address : Portal Arteaga, Plazuela San Francisco # 2 Colonia Centro, Pátzcuaro, Michoacan. Mexico C.P. 61600

Notaría # 117 Notario : Lic. Javier Flores De Jesús
Tel/Fax : (434) 34 2-58-77
E-mail :
Address : Libertad # 55 Colonia Centro, Pátzcuaro, Michoacan. Mexico C.P. 61600

Living room and Dining room, 1/2 Bathroom, Kitchen and Laundry room, this property is equipped with Refrigerator, Stove with Oven, Dish washer and Microwave and finished with Stainless Steel, it also has Cedar wood in Doors and kitchen furniture fronts it includes Washer and Dryer.

• First Floor: 1 Bedroom with Bathroom and Dresser, Terrace with BBQ Grill and Studio
• Second Floor: 2 Bedrooms, 2 Bathrooms with Dressers Terrace in Master Bedroom, Roof Top and Ceiling fans.

If your answer is Yes then read on to find out how you can make your vacation dream come true!

This enchanting Zihuatanejo vacation property includes two bungalows designed by famous Mexican Architect Carlos Alonso.

The beautiful pool, surrounded by flowering Bugambilias is perfect for lounging, entertaining guests and of course working on the tan. Just imagine…

• Perched on a hillside over looking the bay, these unique bungalows offer you scenic views of Zihuatanejo bay, the beaches and the downtown area.
• The bungalows feature king size beds, bathroom with shower and fully equipped kitchens.
• The third floor master bedroom allows a full 120 degree view of the mountainside, the bay and Zihuatanejo with a lounge area just right for enjoying those romantic evenings under the stars.
• If you don’t feel like cooking Zihuatanejo is full of charming restaurants all within walking distance.

The casa was built over 10 years with a well-known local architect. It was built into the western side of the Zihua bay.It ’s extended upper level gives you a panaramic view of Zihua bay, “the reason you are here!!”

The casa is minutes from central Zihua for your shopping and the fine restaurants. La Madera beach for your swimming is a short walk along the beach. The casa is 3 suites, each private with private entrances and locked closets. Each suite has a king bed, bath and kitchen.They share the pool/jacuzzi and cabana at the middle level.The casa has 3 bedrooms/3 baths plus shower at pool, 2 kitchens/ plus cabana for your lunch at the pool. There is a laundry room too. CONTACT FOR PRICE AND AVAILABILITY