Best Foreclosure Lawyers in Mexico City

Share your needs with us, get contacted by law firms.

Free. Takes 2 min.

Free Guide to Hiring a Real Estate Lawyer

Justicia Transparente

Justicia Transparente

30 minutes Free Consultation
Mexico City, Mexico

Founded in 2000
30 people in their team
Spanish
English
Real Estate Foreclosure Commercial Real Estate +9 more
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...
Ramos, Ripoll & Schuster
Mexico City, Mexico

Founded in 2006
200 people in their team
Spanish
English
We create experiences in the design and implementation of comprehensive legal and business solutionsRamos, Ripoll & Schuster is a law firm founded in Mexico with a global vision. We have a broad-spectrum practice (full-service) maintaining the personal treatment, flexibility and specialization...
Roqueñí Abogados
Mexico City, Mexico

Founded in 2000
3 people in their team
English
Roqueñí Abogados is a boutique law firm renowned for delivering high-quality legal services in real estate, corporate law, corporate governance, wealth management, and contract management. The firm actively represents developers, investors, real estate funds, and both national and international...
ARA LAW FIRM IP
Mexico City, Mexico

Founded in 2020
3 people in their team
English
ARA LAW FIRM IP is a Mexican law firm specializing in Intellectual Property and Corporate Law. The firm offers a comprehensive range of services, including trademark registration, patent applications, copyright protection, legal document translation, corporate law advisory, industrial secret...
PIZÁ ABOGADOS
Mexico City, Mexico

Founded in 2010
3 people in their team
English
PIZÁ ABOGADOS is a distinguished legal firm renowned for its comprehensive expertise in diverse areas of law, catering to both individual and corporate clients. With a strong commitment to delivering unparalleled legal services, the firm boasts a team of highly skilled attorneys who bring a wealth...
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...

Founded in 2020
3 people in their team
English
VÁZQUEZ MARTÍNEZ Legal Advisors de México is renowned for its expertise in providing comprehensive legal services tailored to both domestic and international clients. With a deep-seated understanding of Mexican law, their team of seasoned attorneys offers specialized guidance across various...
Zuckerberg Associates LLC
Mexico City, Mexico

Founded in 2015
3 people in their team
Zuckerberg Associates LLC is a distinguished law firm headquartered in Playa del Carmen, Mexico, with a presence in Cancun, Tulum, Merida, and Mexico City. Specializing in civil law, criminal justice, family law, immigration, and real estate, the firm offers comprehensive legal services tailored to...
Sequelis y Asociados, S.C.
Mexico City, Mexico

Founded in 2001
3 people in their team
English
Sequelis y Asociados, S.C., established in 2001, is a boutique law firm based in Mexico City, specializing in corporate finance, structured and project financing, mergers and acquisitions, and related legal consultancy. The firm's expertise encompasses complex financial operations, including...
Terrazas Law Firm
Mexico City, Mexico

Founded in 1994
3 people in their team
English
Terrazas Law Firm stands out for its exceptional expertise in immigration and real estate law, offering clients unparalleled legal representation and guidance. With a team of highly skilled and knowledgeable attorneys, the firm is dedicated to navigating the complexities of immigration processes...
AS SEEN ON

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.