//permits and appraisal

Once your credit is approved, you will receive the Credit Approval Letter.  Collateral International will then begin gathering permits and documentation in Mexico. The Guarantee Trust will be reviewed and approved in preparation for the closing.  We work with closing support companies, primarily Stewart Title Latin America (STLA), in Mexico.  In most markets, they have negotiated fees for various items that must be gathered for the closing in Mexico.  You will be asked to submit certain funds needed to begin the closing and title process to either Collateral or STLA.  You will also need to submit the funds for the property appraisal, which costs $1000- $2500, depending on location. CI uses a U.S. based appraiser to conduct an accurate market value on your property in Mexico. After we have received the SRE (Foreign Relations Permit) Permit and the appraisal, we then prepare the loan closing documents, along with the Funding Statement for your signature.  The seller must also sign the Funding Statement as does a representative from Collateral prior to the disbursement of the loan funds. We highly recommend that you consider using a Power of Attorney (POA) which must be executed either in Mexico or apostelled in your home state.  This POA must be approved by the Mexican Notario for your closing.  We will assist you with that document.