Re:Mexican billionaire Salinas says his banking business may...
by freddie_mercury on Monday June 28, 2021 @11:52AM
(#27663476)
Just because it works differently than you're used to doesn't make it "hard", though. It might be "risky", which is what it sounds like you're talking about.
But in many ways it is easier than in the west, since you don't need to deal with: inspections, appraisals, mortgage contingency, closing periods, CCRs, escrow, etc.
I own two pieces of property in a developing country and in both cases it took about a day. I gave them cash and they handed over the title.
Source: tried to buy property for many months in 2 different foreign countries. Havent been able to do so yet mostly due to challenges around title and very poor broker listings / knowledge