What is Notarial Action in a Deed?
When it comes to buying or selling a property, having all the necessary information is crucial to avoid costly mistakes and ensure that each step of the process is conducted according to the law. One of the most important aspects of this process is notarial action, an act that provides legal certainty to real estate transactions.
What is a Notarial Act and Why is it Important?
A notarial act is a document prepared under the supervision of a public notary, an authorized official who certifies the facts and acts recorded in the document. In the context of real estate transactions, notarial acts are essential because they formally validate the transaction and ensure it meets all legal requirements. Without notarial action, the property cannot change ownership legally, which could lead to future legal and financial problems.
Types of Notarial Acts in Mexico
In Mexico, there are various types of notarial acts, but in real estate, the most relevant are:
- Protocolization Act: Used when private documents are protocolized to make them public under the law.
- Purchase-Sale Act: A fundamental document in the process of acquiring a property.
- Will Act: Although not exclusively real estate-related, it can include the disposition of real estate. These acts contain various parts of the notarial act, such as the notarial folio, which is a number that allows precise identification and location of the document.
Process of Notarial Action
Notarial action involves several steps. First, the notary verifies the validity of documents, such as the property title, to ensure there are no legal impediments to the sale. Then, both parties sign the purchase-sale act in front of the notary, who authenticates the signature and the content of the document. This procedure is crucial to guarantee that the transaction is legally recognized and properly registered with the relevant authorities.
Importance of the Notarial Folio
The notarial folio is an essential part of the act. This specific number is assigned to each notarial act and allows for clear and precise tracking of the documents certified by the notary. In case future consultations or verifications are needed, the notarial folio facilitates the process.
Why Do You Need Notarial Action?
Notarial action provides legal security to both the buyer and the seller, ensuring that the property is transferred legally and that both parties fulfill their obligations. This step not only grants legality but also protects your financial interests, ensuring that what you acquire is free of encumbrances or legal issues.
Coldwell Banker: High-Quality Real Estate Advisory
While Coldwell Banker does not perform notarial action, we understand its importance within the real estate process and are here to guide you through every step of your purchase or sale. If you are looking for exclusive properties or wish to sell a high-end property, our team of experts is ready to advise you and help you find the best option.
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Visit our property catalog and find the ideal property for you. If you need more information or personalized advice, do not hesitate to contact us. At Coldwell Banker, we offer you more than just a real estate service; we provide experience, security, and trust in every step of your transaction.
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