DATE
Post reply
Original Message:
Re: DATE (by Margaret R.):
aliciag23 wrote:Can someone tell me when someone resales their villa, what is the difference between: RIGHT TO USE OR DEEDED????
Generally, deeded is to Mexican citizens only. Right to use means you can use it until it is sold. The property is held in trust since non-Mexican citizens cannot own property that is s certain distance from the beachfront. When the property is sold at the end of the trust, the current owner will receive their invested monies back plus 50% of the profits (if any)