Villas del Mar II unit 304.
Description:
Large, fully furnished, 2 bedroom, 2 bath condo w/ pool, elevator,
jacuzzi. Located in the Heart of the Mayan Riviera, an easy drive or
shuttle from Cancun (40 miles south) or Playa del Carmen (10 miles
south)
Located in the heart of the Mexican Caribbean. This unit has a.c., tv,
dvd, 4 burner electric stove, oven, granite counters, parking area,
terrace.
The terrace is comfortable and spacious. One can easily get a great tan
on the lounges provided at the swimming pool. The pool and the beach
are beautiful and very convenient, even for small children.
The Living room is comfortable for that morning coffee or evening
relaxation.
Offered at $598,000 Us Dlls

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Through a trust(fideicomiso)the only legal instrument and the most advantageous available,foreigners can acquire land in Mexico for residential or touristic purposes, having the samerights and obligations that a full ownership property gives.
In Mexico, a Trust Institution is that banking institution which is authorized to open fiduciary accounts and conduct trust operations. The Trustee (bank institution) holds legal title to the real estate property during the term of the trust.
In the trust deed, the present owner of the land would appear as the settler or trustor (fideicomitente) and would thereby deliver title of the real estate to the trustee (you)who would hold the property during the life of the trust, 50 years.
As the Trust Beneficiary, you will have the use and possession of the property, that is, you also have the capacity to instruct the Trustee on mortgaging the real estate, renting , selling,or transferring .
According to article 13 of this Law,; the Foreign Affairs Ministry shall allow the renewal of trusts over the restricted zones upon expiration of their term (up to 50 years)
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