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Old 2 Weeks Ago   #1 (permalink)
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Reputation of MXLAW

Hello, I am considering having MXLAW to handle the closing process and bank trust formation for a real estate purchase I will be making without me being present. They seem to be legit from what I found on the internet and after talking to them in person, but thought I would ask here as well to see if anyone had anything positive or negative to report.

Thanks
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Old 2 Weeks Ago   #2 (permalink)
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Originally Posted by sanluisdavid View Post
Hello, I am considering having MXLAW to handle the closing process and bank trust formation for a real estate purchase I will be making without me being present. They seem to be legit from what I found on the internet and after talking to them in person, but thought I would ask here as well to see if anyone had anything positive or negative to report.

Thanks
Are they a Notario Público?
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Old 2 Weeks Ago   #3 (permalink)
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Are they a Notario Público?
No. Actually Canadian owned I think? They do farm out some things to others.
He should have a Notario do the closing.
I was impressed with one that I met with yesterday.
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Old 2 Weeks Ago   #4 (permalink)
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Are they a Notario Público?
They are a real estate law group that has offices in: Playa, Canada, Cancun, Tulum, Puerto Vallarta.

They say they represent buyers, sellers to "international standards".

I don't know if they themselves are notaries or they simply represent me at the notary.

They handle a variety of areas such as: Escrow services, closings, tax law, immigration services, business law.

Website looks good. Great, prompt service over the phone and internet so far. Legit looking website. Not a cheap set up.

I am also asking the owner of NAS to see what he thinks of their reputation.
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Old 2 Weeks Ago   #5 (permalink)
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No. Actually Canadian owned I think? They do farm out some things to others.
He should have a Notario do the closing.
I was impressed with one that I met with yesterday.
The only issue is that my wife and brother are unable to come to the signing and to take possession and will need to do POA's on their behalf, thus the need to step things up to attorney level to get the job done without hiccups.
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Old 2 Weeks Ago   #6 (permalink)
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The only issue is that my wife and brother are unable to come to the signing and to take possession and will need to do POA's on their behalf, thus the need to step things up to attorney level to get the job done without hiccups.
Notarios are attorneys, specialized ones. They are not the same as a notary in the USA.
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Old 2 Weeks Ago   #7 (permalink)
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Notarios are attorneys, specialized ones. They are not the same as a notary in the USA.
I know that notarios are actually lawyers. But not all Mexican real estate lawyers are notarios. After reading up some more about this company, it looks as though they are NOT Notarios. But rather that they represent the buyer to make sure everything is performed correctly and accurately to help protect the buyer. From the fee breakdown that they sent me, it looks like a pretty good alternative to flying down there, paying for lodging, food, hassle to take care of all this on my own. Especially when I am busy at work will need to miss probably two business days to handle this stuff.
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Old 2 Weeks Ago   #8 (permalink)
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Originally Posted by absoluteAL View Post
No. Actually Canadian owned I think? They do farm out some things to others.
He should have a Notario do the closing.
I was impressed with one that I met with yesterday.
In my case I will need someone to set up the taxes, bank trust, insurance, give instruction as to how to handle POAs, etc. Do typical Notarios handle all of those phases as well or just the transaction itself? I will ask MXLAW which Notario they use or if they simply give me an estimate for the notary cost and I can use who I want.
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Old 2 Weeks Ago   #9 (permalink)
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No. Actually Canadian owned I think? They do farm out some things to others.
He should have a Notario do the closing.
I was impressed with one that I met with yesterday.
MXLAW just responded to me that they use their own notary and the bank trust goes through Banco del Bajio. They mentioned Scotia Bank is too complicated and expensive for what they do.
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Old 2 Weeks Ago   #10 (permalink)
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I can recommend an honest, trustworthy attorney, who works with a super Notario, if you are interested.
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Old 2 Weeks Ago   #11 (permalink)
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I can recommend an honest, trustworthy attorney, who works with a super Notario, if you are interested.
Yes please. Thank you!
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