is title insurance available in mexico?
Yes. In fact, Title Insurance is required on all properties we finance and is available through Stewart Title Latin America as well as First American. Collateral International requires a Lender’s Policy but we also recommend that you obtain an Owner’s Policy. Both of these companies also offer Escrow Services. The title company will usually require a deposit to begin the title search. You will be credited with that amount on the closing Funding Sheet.
Yes, it’s available and recommended. The insurer will research the title to the property and ensure that it is free and clear. Should anybody ever dispute that title, the buyer will have an advocate who will defend his claim in the local courts. Rates range from about $5 to $7 per $1,000 of coverage, depending on the value of the property and the individual firm.
