To pay your yearly fideicomiso cost in Cabo, you can pay directly at the Mexican bank that holds your trust (fideicomiso). The trustee bank may also accept online payments, bank transfers, or wire transfers. The annual fideicomiso fee is due on the anniversary date of your property’s closing, so be mindful of the payment deadlines to avoid penalties and interest fees as the trustee bank will not send you a bill or reminder. Here, real estate agent Jeff Schmidt provides information to assist you in making your fideicomiso payment.
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Contact Jeff Schmidt
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(408) 607-8349 (U.S.) [/one_third] [one_third] (624) 165-9553 (Mexico) [/one_third] [one_third] jeff@cabobeachrealty.com
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Where Is My Fideicomiso Information?
It is crucial to always keep a copy of your fideicomiso so you know which bank to pay, the date of the closing, and be able to follow the instructions from your property trust’s bank for the most up-to-date and accurate process. Also, be sure to keep payment proof records of all fideicomiso payments.
The fideicomiso number and the bank that is the trustee can typically be found on the first page of the fideicomiso file. The back of the last page of the file will typically have the date that the fideicomiso was processed, along with the signature of the processer.
If it is your first time paying your fideicomiso, we recommend going to the bank that holds your trust, and bringing the fideicomiso file with you. You may also call or email the bank to get the payment instructions and amount due. Save this information for the future to make paying your fideicomiso easier in the future. You should also make sure the bank receives a receipt, either in-person or through email.
What Is the Annual Cost of a Fideicomiso?
Typically, the cost is about $500 to $700 USD, depending on the trustee bank.
Methods for Payment
- At the Bank: Visit the bank that holds your fideicomiso to make the payment, request instructions for a bank or wire transfer, or ask about their online payment options.
- Delegate to a Professional: Have your property manager, lawyer, or accountant make the payment on your behalf.
- Online Payment: Contact the bank that holds your fideicomiso to see if they offer online or credit card payment options. Some banks may provide a specific link for this purpose.
Proof of Payment
Always request and keep proof of payment and receipts for your records.
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Contact Jeff Schmidt
If you are unsure of how to pay your fideicomiso, Jeff can guide clients in the right directions so they don’t miss a payment or get stuck with additional fees.
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(408) 607-8349 (U.S.) [/one_third] [one_third] (624) 165-9553 (Mexico) [/one_third] [one_third] jeff@cabobeachrealty.com
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