Best Foreclosure Lawyers in Mexico City

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Justicia Transparente

Justicia Transparente

30 minutes Free Consultation
Mexico City, Mexico

Founded in 2000
30 people in their team
Spanish
English
We are a firm specializing in criminal and immigration law with a presence throughout Mexico. We have lawyers in the major cities of Mexico, such as Tijuana, Mexico City, Cancun, Puerto Vallarta, Los Cabos, Guadalajara, Monterrey, and Tapachula, Chiapas. We specialize in dealing with criminal...
Recovery Legal Mexico

Recovery Legal Mexico

1 hour Free Consultation
Mexico City, Mexico

Founded in 2019
5 people in their team
English
Spanish
Recovery Legal is a distinguished law firm with over 19 years of experience, specializing in legal recoveries and consultancy services across various sectors, with a primary focus on the insurance industry. Their team of specialized attorneys is dedicated to understanding each client's unique...
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Bechman Gomez LLP
Mexico City, Mexico

Founded in 2020
3 people in their team
English
Bechman Gomez y Asociados is a distinguished law firm offering a comprehensive range of legal services tailored to both domestic and international clients. The firm's expertise encompasses real estate law, accounting, immigration law, timeshare services, insurance law, trust (fideicomiso) services,...
Vega, Guerrero & Asociados CDMX
Mexico City, Mexico

Founded in 2014
50 people in their team
Spanish
English
For Vega, Guerrero & Asociados, the culture of excellence is in our DNA, which has led us to offer multidisciplinary legal solutions with a high emphasis on our clients, working hand in hand, providing accurate and innovative solutions that distinguish us. of others."At VGA, relationships with...
VGF Law
Mexico City, Mexico

Founded in 2016
3 people in their team
English
VGF Law is a distinguished legal firm renowned for its expertise in corporate law, mergers and acquisitions, private equity, capital markets, governance and compliance, real estate, and estate planning. The firm has a proven track record of advising both Mexican and international clients, including...

Founded in 2018
5 people in their team
English
López Ziga y Asociados - Abogados Naucalpan is a distinguished law firm renowned for its broad spectrum of legal services, catering to a diverse clientele with precision and dedication. Specializing in areas such as administrative law, criminal justice, family law, personal injury, and real...
HSC LAW FIRM
Mexico City, Mexico

Founded in 2020
3 people in their team
English
HSC Law Firm is a distinguished legal practice specializing in real estate law, renowned for its dedication to providing top-tier legal services to clients in need of real estate expertise. The firm offers comprehensive solutions addressing a wide range of real estate issues, ensuring clients...
De Hoyos Aviles
Mexico City, Mexico

Founded in 1964
50 people in their team
English
Spanish
De Hoyos y Aviles is a Mexican Law Firm founded in 1964. Its partners have an overall experience of at least twenty years working on real estate and commercial transactions, M&A, and/or complex litigation cases. The firm's partners have an international profile; part of their daily practice is...
Robert Wray PLLC, Mexico Office
Mexico City, Mexico

Founded in 2020
3 people in their team
English
Robert Wray PLLC, Mexico Office, is a distinguished law firm renowned for its comprehensive legal expertise and strategic advisory services. With a solid foothold in the Mexican legal landscape, the firm excels in providing tailor-made solutions across a spectrum of legal areas, including...

Founded in 2001
51 people in their team
English
Spanish
The firm BGBG (Bello, Gallardo, Bonequi y García, S.C.) has become a significant player in the Mexican legal market, meeting the growing need for specialised legal counselling. The versatility of its members allows BGBG to offer personalised services in each of its areas of practice....
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About Foreclosure Law in Mexico City, Mexico

Foreclosure law in Mexico City, in line with the rest of the country, is based on the nation's civil law system, and it functions differently than those in common law countries like the United States. In a foreclosure procedure in Mexico City, creditors file a lawsuit against the debtor in order to recover losses resulting from a failure to fulfill a mortgage agreement. The property is subsequently seized, sold, and the proceeds are used to pay off the debt.

Why You May Need a Lawyer

Foreclosure cases can be complex and multifaceted, and they usually involve heavy paperwork and strict deadlines. You may need a lawyer to help you understand your rights as a home-owner, navigate through the foreclosure process, negotiate with lenders, verify all documents are in line with Mexican laws, and represent you in court if necessary. If you're trying to prevent foreclosure, a lawyer can guide you and develop a strategic approach.

Local Laws Overview

Under local Mexican law, foreclosure process starts with the creditor filing a lawsuit against the debtor. These procedures can be lengthy and intense involving judicial auctions to sell the property. Creditors are given priority in payment and remaining funds after paying off the debt are given back to the debtor. There is no provision for refiling for foreclosure once the debt is fully paid. It is also important to note that Mexico has no deficiency judgment policy which prevents lenders from suing borrowers for the remaining balance after foreclosure.

Frequently Asked Questions

1. Can I stop foreclosure process once it has started?

Yes, you can. If you can reach an agreement with your lender or pay off your debt, the foreclosure process can be stopped. Consulting an attorney could help you negotiate better terms with your lender.

2. What happens if I can't pay off my mortgage debt?

If you are unable to pay your debt, the court will proceed with the foreclosure and your property will be sold. The revenue generated from the sale will be used to pay off your debt.

3. How long does the foreclosure process take in Mexico City?

The timeline for a foreclosure varies and depends on several factors, but typically, it can take over a year from the start of the process to the actual property sale.

4. Can I get my property back after Foreclosure?

No, once the foreclosure process is completed and the property is sold, you cannot reclaim the property.

5. What if the sale of my property doesn't cover the full debt?

According to Mexican Law, lenders cannot sue borrowers for the remaining balance of the debt after foreclosure. This is known as a non-recourse debt.

Additional Resources

For additional resources, visit Mexico's Secretariat of the Judiciary (portal.mj.rivajudicial.gob.mx) that features information about foreclosure laws and procedures. Websites such as Legal Aid (www.legalaid.gob.mx) may provide legal help during the foreclosure process.

Next Steps

Should you need legal assistance on foreclosure, consider hiring a local attorney with expertise in real estate and foreclosure law. It could also be beneficial to have a discussion with your lender to explore potential options to avoid foreclosure. Speed is of the essence in these situations, so be sure to start the process as soon as you encounter financial difficulties.

Lawzana helps you find the best lawyers and law firms in Mexico City through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Foreclosure, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Mexico City, Mexico—quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.