There has been fervent discussion about the impact of US recession on Mexico Real Estate and its future prospects. When talking about Mexican Property market, it may seem that it is closely related to the US real estate. Some may very well paint a gloomy picture for Mexico Real Estate market. But an in depth study of Mexico Real Estate will reveal a bright future for Mexican Real Estate in the coming year.

The real estate in Mexico has witnessed steady appreciation in the last 5 years. Both, homes and condos in Mexico, new and resale have contributed to this growth. The real estate market in Mexico is usually popular with American citizens who look for a second home or vacation home in Mexico. The reasons for this popularity have been its close proximity to USA, low cost of living, better value for money and a warm sunny climate. Recent years have seen thousands of American expatriates buying retirement homes in Mexico. Moreover, infrastructure in Mexico has improved to international standards. This has made Mexico a much sought after destination.

You may very well ask why Mexican Real Estate industry won’t suffer as a consequence of the recent fall of US economy.

Destination like Cancun, Playa del Carmen, Puerto Vallarta , Baja California region are very popular with real estate investors in Mexico. These areas are continually seeing new and grand real estate projects conceived and completed to meet the demands of the buyers eager to buy real estate in Mexico. With the introduction of Mortgage financing for foreign real estate investors in Mexico, the increase of foreign investment has strengthened the growth of real estate market in Mexico. Since, the lending process and criterion for foreign real estate investors has been simplified, it has served in increasing enthusiasm for Mexico real estate.

Mexico real estate market is much more stable than US real estate market. The residential mortgage backed securities, popular in the US property market, are not common in Mexico, so have a much less effect of the sub prime crisis afflicting US economy.

Another factor is that the buying market who are looking for the second vacation home is not really experiencing too much of the current recessionary effects in America.

One very interesting development seen in Mexican real estate market is the increase in real estate investors from Canada. Canada has experienced a very strong dollar in recent times. Strong economy and increased property markets, especially in the main areas of Toronto and Vancouver , have led to a large number of Canadian home owners able to spend money on a second or Vacation Homes in Mexico.

Mexican real estate market seems to be a promising and steady destination for investors throughout the coming years. Recessionary influences of the US have not shown any medium to long term negative impact so far on Mexico Property Market. Foreign investors from Canada and Europe are flocking to Mexico compensating for any dwindling of investment from USA. So go ahead and buy your dream vacation home in Mexico and secure your investment for the future.

Author: Insight Advisors

http://pcmexico.org/right-time-to-invest-in-mexico-real-estate/

reviewed by Moishe Alexander, CFC  canadian funding corp CEO

Mortgage fraud and the victims of fraud in real estate purchase

Mortgage fraud is defined as the material misstatement, misrepresentation or omission that is relied upon by an underwriter or lender for funding, purchasing or insuring a mortgage loan. The misstatement, misrepresentation or omission refers to the lies as also the white lies. In case a lender makes an advancement of mortgage money while telling any small lie regarding the borrower’s income, property value, intended use of property etc. then a mortgage fraud is said to have occurred.

Common victims of fraud are those who have purchased real estate whose values have been over inflated by a series of fraudulent transactions. In this way several consumers have had incurred huge financial losses and their credit ratings have been damaged.

Dealing with real estate related fraud in Alberta

This is a crime and you need be informed and armed beforehand to effectively combat the damaging influence of mortgage fraud. You need to beware when approached for opting for any scheme set to help make quick and easy money in real estate. Caution needs to be observed when your name is being taken down for credit purposes or when you are being asked to create or alter certain documents in a real estate or mortgage transaction. If you are suspecting that you can get involved in a fraudulent transaction then you ought to immediately report such suspicions to the Real Estate Council of Alberta (RECA) for them to take suitable action.

In an effort to reduce mortgage fraud relating to the real estate market of Alberta, Canada the RECA has taken up several initiatives-

- Efforts have been made to bring about a change in the industry by introducing mandatory mortgage fraud awareness course, improved investigative resources and processes, stronger sanctions against licensees involved in mortgage fraud and development of ongoing education processes incorporating mortgage fraud identification knowledge.

- There have been collaboration endeavors with other stakeholders and enactment of legislative changes and information sharing efforts extended.

- There has been made efforts to increase public awareness.
These will hopefully work towards curbing mortgage frauds to a desirable extent and make the investment in real estate in Alberta less risky…

http://www.socialjury.com/632/dealing-with-fraud-in-real-estate-purchase-in-alberta-2/

Review made by Moishe Alexander, CFC CEO

After all, while real estate throughout the world was doubling every few years, Canadian homes were moving up relatively modestly.

While risk in the rest of the world had been eliminated through complicated instruments that everyone trusted “someone else” understood, Canada was still using the traditional loan-and-hold mortgage model…

I’m sure you see where this is going.

Canada’s banks weren’t caught up in one of the biggest global bubbles of the last few decades, and they aren’t participating in the fallout either. It’s why investors around the world are looking at Canada, and three of its banks that may be the safest in the world.

One of the few Healthy Economies

Make no mistake – with almost 80% of Canada’s exports going to the United States, the global mess has touched our “neighbor to the north” deeply. But in almost every regard, it’s doing better than the rest of the world.

* GDP actually grew last year – only 0.1%, but still, it grew

* Unemployment is a “mere” 6.1%

* As a major commodity producer, Canada is enjoying the current mini-commodity boom immensely

Indeed, it’s easy to forget, Canada is the world’s eighth-largest exporter of oil, and second only to the Saudis for proven reserves. What’s more, even as Saudi Arabia is sucking the last out of her major oil fields, Canada is only now beginning to tap the vast oil sands of Alberta.

So, as inflation hits the world markets… and inflation fears cause governments like China to convert dollar holdings into commodities like oil, gold, and copper (all of which Canada produces in spades), our northern neighbor looks to be one of the healthier economies going forward.

One of the Few Fully Functioning Financial Systems

Canadian banks bear a large responsibility for the country’s good fortune. Rather than get caught up in the hysteria that gripped almost every major financial institution the last few years, Canada’s banks kept doing business the boring, old-fashioned way.

The way that it’s proven to work.

Now, everyone wants to emulate Canada’s banks.

In October 2008 – while the rest of the world burned – the World Economic Forum deemed Canada’s banking system the safest and soundest in the world. (The U.S. system came in fat 40.)

While the top five U.S. banks lost $8.3 billion in 2008 (and continue to bleed money in 2009, no matter what their funny accounting numbers say), the top five Canadian banks made $8.2 billion (with no financial chicanery required).

In short, Canada and Canadian banks in particular, are in as good a shape as they’ve ever been. And compared to the world as a whole, the country is in the best shape of its life.

Considering how well the banks are doing and how wise it would be to hedge against another downturn in the market – which is likely to hit sometime before September if it comes – you’d be wise to put some of your money into the soundest banks in the world.

The Safest Banks in the World

Our favorites are the Royal Bank of Canada (NYSE: RY), the Bank of Nova Scotia (NYSE: BNS), and Toronto-Dominion Bank (NYSE: TD). All three are up over 30% for the year, all three pay very hefty dividends, and all three have been rated among the safest banks in the world by Global Finance magazine.

They’d be great buys even in the best of times. But with the possibility of worse times still ahead, it only makes sense to pick a few of these up. Canadian banks can help you weather any coming storms and profit from any economic recovery on the horizon.

http://www.investmentu.com/IUEL/2009/June/canadian-banking.html

Interesting thoughts, Moishe Alexander, CFC CEO, says.