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Newly enacted laws help lenders in Mexico: partner at Luce Forward provides answers to real estate questions.

Publication: San Diego Business Journal
Publication Date: 28-MAR-05
Format: Online - approximately 735 words
Delivery: Immediate Online Access

Article Excerpt
John McNeece, a partner at the San Diego office of Luce Forward Hamilton & Scripps LLP, is in the final stages of a book on secured transactions under Mexican law, which addresses the laws related to housing finance in that country, among other topics.

Without the existence of a strong regulatory framework to enforce loan agreements, McNeece says that funding sources, such as U.S. mortgage lenders, simply will not lend to buyers of Mexican property.

McNeece points out that new laws enacted in Mexico since May 2000 have made it easier to obtain financing for housing and other forms of credit in Mexico, since they provide the means for...

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