How are Ecuadorian properties titled?
Presently, You can take title to freehold property in Manta, Ecuador in one of 2 ways. The oldest form of title is taken via a Deed of Conveyance (or Deed of Encumbrance), which originates from the Ecuadorian colonial days. Presently all lands in the Manta area, are not titled via Conveyance anymore. Ownership by Conveyance was converted to a Deed of Title, as the city develop in last century. A Deed of Title, is a physical title, properly registered with the local Property Registrar’s Office, whereas ownership via Conveyance is a registered right to ownership of a particular parcel of land. Either form of ownership is equally secure and mortgageable, however it is slightly more costly to transfer Deed of Title than a Deed of Conveyance. Lighthouse Point land was purchased as a Deed Title, and Title Insurance for the land, was obtained through Land American Insurance Co., in USA.
