When a buyer applies for a mortgage loan, it is standard practice for the bank to condition the payment on the signing of the public deed of sale before a notary. This is not a whim; it is a procedure designed to protect all parties and ensure that the legal and registration process is completed correctly. Below, we explain clearly and directly why it is reasonable and normal for the bank to act this way, and how we help you receive your money securely.

1- Why the bank requires the signed deed before payment

• Verification of Title and Property: The deed allows the bank to verify that the property exists, that the seller is indeed the legal owner, and that the description of the property matches official records.
• Registration of Mortgage Collateral: In order for the bank to register the mortgage as collateral, it needs the signed deed; without it, they cannot legally secure their rights over the asset.
• Prevention of Fraud and Double Sales: Signing before a notary reduces the risk of the same property being sold to multiple people or the use of forged documents.
• Legal Certainty for Buyer and Seller: The notary certifies the identity of the parties, their legal capacity, and their intent to buy/sell, protecting both parties against future claims.
• Contractual Loan Condition: Most mortgage loan contracts expressly state that payment will be made once the deed is signed and, where applicable, notarized or presented for registration.

2- What does this mean for the seller?

• It is not an arbitrary delay: The bank does not withhold payment by choice; it is fulfilling legal and contractual requirements that ensure the operation is registered and secure.
• Signing the deed does not mean waiving your payment: The signature formalizes the transaction, and the notary can record the receipt of payment within the deed itself or in supplementary records.
• Handing over possession before payment is risky: The secure practice is not to hand over keys or possession until the payment is effectively credited to the agreed account and notarized.

3- How the process is coordinated so payment arrives without surprises

1. Preparation of the deed by the notary with all required documents.
2. Signing of the deed by the buyer and seller before the notary.
3. Presentation of the deed and documents to the bank for mortgage registration.
4. Bank verification and payment order to the seller’s account.
5. Notarial certification that the seller received the full funds, if so agreed. This workflow protects the bank (its collateral) and the seller (their payment) and is standard practice in Mexico City.

4- How we help you guarantee your payment

Everything we tell you can be verified at any Notary Public. Additionally, we draft the promissory contract so that you do not hand over possession until you receive full payment.

• Promissory Contract: We draft a contract that clearly establishes payment conditions, deadlines, and the prohibition of delivering possession without payment.
• Notarial Coordination: We coordinate with the notary to leave express record in the deed or a notarial act regarding the receipt of funds.
• Bank Verification: We verify the formal requirements for payment with the bank and ensure the transfer is made to the agreed-upon account.
• Professional Guidance: We accompany you during the signing and submission of documentation to avoid delays due to missing paperwork or technical requirements.

Understanding why the bank asks for the signed deed before payment helps clarify that this is a security mechanism, not an obstacle. Signing the deed before a notary protects the transaction, allows for the registration of the collateral, and facilitates the correct crediting of payment in your favor.

We know that selling a property—part of your heritage—raises many questions; that is why our goal is to advise you throughout the process so you have security and confidence in your transaction. At Camacho Bienes Raíces, we ensure this process is clear and safe: we handle the contracts, coordinate with the notary, and verify bank requirements to avoid surprises.