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We bought a house in Playa del Carmen, Mexico!Certain areas may have restrictions on foreign ownership, requiring the use of a bank trust or local partnership. For example, foreign. You must buy your property with a bank trust. Corporate purchases only apply to multi unit properties not private homes. Realtors are not. As a foreigner, you can own property through a fideicomiso (bank trust) or a Mexican corporation. The buying process includes making an offer.