Puerto Vallarta Real Estate
|The Settlement Company Approved as Escrow Agent for BBVA Bancomer Loans|
John K. Glaab - settlement-co.com
April 14, 2010
Mortgage loans through alliances between Mexican banks and their US counterparts are now becoming more available for real estate purchases in Mexico. Some banks offer loans for purchase, re-finance and construction. The Mexican banks processing these loans must handle funds through escrow.
After submission of documents and supporting information The Settlement Company is now approved as closing agent and escrow holder for loans made through BBVA Bancomer bank. At present these loans are funded by US Compass Bank. Thus, if you are making a loan through this bank, no matter where in Mexico the property is located, The Settlement Company can handle both the closing coordination and the escrow.
John Glaab has been a member of NAR's International Section for over a decade. He has earned the Certified International Property Specialist designation and is a founding member of AMPI Los Cabos. He spends half the year in La Paz, Baja California Sur and the other half in Uruapan, Michoacan. For further information, contact John at John.Glaab(at)settlement-co.com.