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JIM SCHULER WORKS FOR YOU
R.C.FINANCIAL, NEW YORK OFFICE, CONTACT ROCCO CAPOROSO AT 1 631 269 6571 While many Mexican Real Estate Offices request that you deposit your down payment in their hands -DO NOT DO THIS. Think about it, would you hand a stranger $10,000 dollars or more that has no incentive to return your deposit if the deal falls apart. Our Company Royal Realty was the first company that uses a secure American Company to hold not only your down payment but all transaction funds. No one else handles your money except the largest US Escrow Company, First American Titile and Escrow, located in Sunrise, Florida. Call Teresa Cores at 1 954 839 2900 ext 185.
Contact Teresa Cores for escrow account information. The Specific account we use is called a Custodial account.
This is more like your personal checking account. The funds only move with your signature. You can cancel the deal at any time for a full NEVER WORK WITH A COMPANY THAT WILL NOT USE A US ESCROW COMPANY. Most Entry Level Mexican/Cancun Properties are purchase with cash or a US Home Equity Loan. 90% of all Cancun purchases under $150,000 USD are done with cash or home equity loan purchase. The minimum amount of money a mortgage company will loan is for a property of $1250 USD or more.
Cash purchases assure the seller they have a real deal and are completed with the greatest expediency-5 weeks.
That being said, if you need a mortgage, apply for the mortgage before shopping for a property unless You will save an extra $3,000 USD in closing costs and 2% interest per year with a home equity loan.
Call Jim Schuller at his US office 1 517 881 6221 While property values are decreasing throughout the world. Cancun's values are rock solid. Why?
1. Cancun is a World Class Destination and rental income 2. Low overhead, Low Property taxes (90% less than US property taxes), Great Security (lower crime than any U.S. City, and the most modern infrastructure in the Caribbean with 3 modern hospitals, and inexpensive. 3. The only mistake you can make is waiting until you are priced out of the Cancun market. Prices have averaged 10% increases each year because there is no where else on the Island of Cancun to build. |