TITLE AND ESCROW SERVICES
Can I get title insurance in Mexico?
YES you can, it is possible to obtain US and Mexican title insurance on Mexican Real Estate. We are pleased to offer Title Insurance for direct (or corporate) ownership, leasehold and trust or beneficial ownership ("fideicomiso") covering commercial and residential properties, including "ejidos" and restricted zone (beachfront and border) properties through a major international title company. Contact us for more information and to apply for title insurance.
What does the title insurance policy cover?
The policies include specific title risk coverage against marital rights, fraud, mortgages, mechanic’s and/or tax liens, easements, contractual obligations restricting the use of the property, adverse possession by a third party, ejidos, forgery and other matters not of record (based upon our receipt of acceptable surveys, surveyor's certificates or affidavits, seller's affidavits and real property tax certificates). The policies insure against loss from defects in title unknown to the insured prior to the date of the transfer of title or loan that were not otherwise stated in the policy, regardless of whether the loss results from errors in the Public Registry, errors in the search of the Public Registry or any other cause. They also cover access to the land. The policies are written in English, insure in dollars and pay claims in dollars. They are U.S. policies covering land in Mexico issued directly by Title Company in the U.S. Coverage continues for the duration of time that the insured holds its interest in the real property.
Are there escrow services in Mexico?
Mexico does not have escrow accounts per se, funds are usually held by the Seller. However, through a major international title company, we are able to offer escrow services for Mexican transactions, with funds held in an international escrow account arranged through a major US bank. Contact us for information and to set up an escrow account.
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Excellent Service, Outstanding Results! Tom Budniak Cancun Realty Executives Mexican Caribbean Avenida Contitiyentes Esq.5a x 10a Suite 4, Playa del Carmen ,Q.Roo Mexico Direct: 1-310- 492-5115 Fax:1- 415 - 354-3460 MX # 011-52(984) 879-4339 Email: [email protected]
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