Bank trust
BANK TRUST AGREEMENT (Fideicomiso)
A “Fee-day-co-mee-so” is a legal instrument created by the government that allows foreigners to acquire property in México. Foreign Buyers can own real estate in the restricted zone and their investment is protected by Law. It is basically a trust constituted by the seller in Benefit of a foreign buyer and administrated by an authorized bank. The bank acts on behalf of the foreign buyer, taking title to real property.
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Bank trust
WHAT IS THE RESTRICTED ZONE ?
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      The bank has the obligation to follow instructions given by the           foreigner who is the trust beneficiary. The trust beneficiary retains and enjoys all the rights of ownership while the bank holds title to the property. The foreigner is entitled to use, enjoy, modify and sell the property that is held in trust at its market value to any eligible buyer. This trust is valid up to 100 years and it is transferable.                       It is completely safe and well worth it to buy in Baja California, México.
The restricted zone encompasses all land located within 100 kilometers (about 62 miles) of any Mexican Border, and within 50 kilometers (about 31 miles) of any Mexican Coastline.