Referred to as “Notario Publico”, the notary is a highly qualified
attorney with special instruction. In Mexico, every real estate transaction
must be signed by a notary to attest its legality. As an unbiased government
appointed official, the “Notario” functions as the attorney of
record, providing its services during the closing process for the transfer
of real estate property. The “notarios” have a fiduciary responsibility
to both the seller and the buyer and sanctions the contract from a tax and
legal point of view.
The government at any time can take away the powers given to the notary in the event that established rules and regulations are not properly followed.
This article was provided courtesy of Buy In Baja, specializing in Northern Baja Real Estate.