Buying at Auction or Bank-Owned Property in Mexico: Does It Exist?
Bargain-hunters who've bought foreclosed or bank-owned property in the US often ask whether the same opportunity exists in Mexico, and specifically in the Riviera Maya. The short answer is yes, remates bancarios (bank auctions) and bienes adjudicados (bank-owned properties) do exist here, but the process, risks, and realistic savings look quite different from a US foreclosure auction. What a Remate Bancario Actually Is A remate bancario happens when a borrower defaults on a mortgage and the...













