The Settlement Company® approved as Escrow Agent for BBVA Bancomer Loans

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.

Courtesy of John Glaab. For further info please contact Mr. Glaab at john.glaab@settlement-co.com

Asociacion Mexicana de Profesionales Inmobiliarios de La Paz A.C.