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TITLE INSURANCE IN MEXICO
One of the most important aspects of protecting a real estate investment is making sure the title to the property is in proper order. Real estate purchases are different from most types of purchases. Instead of purchasing a physical object like a boat or a car, you are purchasing a group of rights, called the title to the property. These rights can be limited by rights and claims asserted by others. A title insurance policy in Mexico protects your rights.
What does a title policy provide?
* Payment of legal expenses to defend an insured title from claims
* Payment of valid claims up to the value of the policy
* Thorough investigation of the title prior to issuance of title policyCovered title risks include:
* Invalid documents executed under expired/non-existent power
* False assumption of identity concerning the legitimate property owner
* Liens and financial burdens charged to the previous property owner
* Non registered property easements
* Hidden heirs of previous property ownersPeace of mind
A title guaranty is purchased for a one-time fee and once acquired, protects the policy holder as long as there is an interest in the property.
Related Links
- Stewart Title Insurance Company of Mexico - locations
- MLSMexico.com - listings in Mexico
- Riviera Maya Real Estate News
- Lending Pot
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