![Costa Rica real estate]()
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Ocean View Realty
Costa Rica Real Estate Investments and Development
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Real Estate Title Security, Confidence and Trust.
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By Stewart Title Company
Title Costa Rica has been
helping buyers, lenders and sellers close their Costa Rican real
estate transactions with speed and confidence for over 8 years.
Offering a wide range of products including title guarantees,
escrow services, closing services and an attorney referral
program, our dedicated professionals are committed to providing
our customers with cutting edge real estate services and an
efficient and secure real estate transaction experience. |
Title Guaranty
Purchasing a home, whether a primary
residence or a vacation home, is usually one of the largest
investments made during a lifetime. After closing on such a
significant investment, you want to be certain that you are
protected from potential loss. One of the least understood but
most important aspects of protecting a real estate investment is
making sure that the title to the property is secure. When
purchasing a property, instead of purchasing the actual building
or land what you are really purchasing is the title to the
property, the right to exclusively own, occupy and use the
space. Theses rights that you purchase may be limited by rights
and claims asserted by others, which may limit your use and
enjoyment of the property and even bring financial loss. To be
certain that your property is not at risk to these types of
issues its important to acquire a title guaranty. |
What is a Title Guaranty
Before a purchase of a property, an attorney
or other professional will search the public land records. This
search provides a summary of the known legal status and issues
affecting the title to your property. Often what this search
does not provide is a guaranty as to the status of your title
upon purchase. A title guaranty on the other hand provides a
financially backed guaranty as to the status of your title. By
definition a title guaranty is a private contract of indemnity
between a purchaser or lender and a title guaranty company that
protects the holder of the guaranty from issues that may affect
the title to the property, issues like liens, encumbrances,
fraud, hidden heirs, improperly executed documents, etc. With a
title guaranty, the substantial financial resources of a title
guaranty company stand behind your title and offer real peace of
mind. One of the most significant benefits of the title guaranty
is that Stewart will undertake to defend/clear any claims that
arise after the purchase of the guaranty, including covering the
cost of all related legal defense. In the event of a legitimate
claim, Stewart will pay or settle with the claimant, up to the
insured value of the asset. The title guaranty is purchased for
a one time fee, and once acquired it protects you as long as you
have interest in the property.
For More information please contact Eduardo
Penalva at (506) 786-5678
or e-mail
admin@costaricaland-forsale.com
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