Yes, Virginia, Americans and other foreigners can own property, including the land, in Mexico. There is a restriction about land ownership only, within 80 kilometers of either coast. But you can still own the dwelling. Aside from that you can own property pretty much the same way you do north of the Rio Grande. And recently, we've even seen the introduction of radical concepts like mortgages (you don't want to know the terms) and title insurance (Stewart Title is here and others are coming).
Yes, Virginia, Americans and other foreigners can own property, including the land, in Mexico. There is a restriction about land ownership only, within 80 kilometers of either coast. But you can still own the dwelling. Aside from that you can own property pretty much the same way you do north of the Rio Grande. And recently, we've even seen the introduction of radical concepts like mortgages (you don't want to know the terms) and title insurance (Stewart Title is here and others are coming).