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Title Insurance

A lot of people feel as though buying property in Mexico is a risky investment. They have heard stories of other Americans or Canadians who have come to Mexico and purchased their little piece of paradise only to find out a few years later that the seller was never actually legally permitted to sell the property in the first place. Title insurance protects your investment and allows you to be confident that no liens, encumbrances or other impediments will prevent your free use and enjoyment of the property.

What does title insurance provide?

·         Protection against monetary losses, brought about by hidden ownership claims that may be made against the property title;

·         Payment of legal expenses if the company must defend your property title against a claim covered by the Title Insurance in the local courts;

·         Payment of valid claims against your property title, up to the amount of the Title Insurance.

Some of the risks covered by Title Insurance.

·         Invalid documents executed under expired or no existent power

·         Loss or damage sustained or incurred by reason of Ejido or Communal Land;

·         False assumption of identity of legitimate property owner;

·         Falsification of documents, legal power, and other papers related to the transfer of property title;

·         Liens or other financial burdens charged to the previous property owner;

·         Non-registered property easements;

·         Hidden heirs of previous property owners;

·         Documents executed by minors of age;

·         Invalid Documents delivered after death of previous owner.

 

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