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.