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Title insurance
companies will perform a title research dating back to several
former owners, to make sure that the property was transferred
correctly from one owner to the other and there are no liens on the
title. A thorough search in the public records will reveal whether
the title has no opposition, or if it does. Many lawyers have
done title research as part of their legalization process since
decades ago, because of the need to validate real estate
transactions. If you want to use a title insurance provider in the
Dominican Republic, we recommend Stewart Title and First American
Insurance Company.
Some of the
properties that we sell are eligible for a cash back of 1% if
you decide to use title insurance and the house is purchased. Most
title research companies charge 1% for their services and we
consider it would be appropriate if the buyer could have the choice
to get those fees back once the purchase transaction has been
completed.
We make sure that
the properties we offer are all researched and in good standing,
though it is always a must that we should have the lawyer do a
complete research on the title. If Title insurance is purchased, we
hand the process over to the title insurance agency and let them
manage the process. Taxes, Liens, and any other condition is
investigated to clear the title and have it issued on your name.
Most of the
purchases of Luxury Dominican Republic villas and large commercial
properties are done using title insurance because of the usually
large sums of money involved. The villas we sell in Sosua, Cabarete,
Puerto Plata, Cabrera and Cofresi are all available with title
insurance unless the buyer prefers to use a lawyer to manage the
research.
The attorney, title
company or licensed abstracter can issue a certificate of title,
stating the condition of the title. This is not a guarantee that the
title is clear. It is a statement of opinion on the state of the
title by a professional. You can find out more information by
visiting the website of the leading title insurance companies below.
We always appoint the best lawyer
according their fields of expertise, contact us about finding
the right one for your specific needs.
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