Stewart Title Riviera Maya
Let Stewart Title guide you through the world of international real estate.
Stewart Title, Founded in 1893 with offices in the U.S., Canada, Australia, the Caribbean, Europe, New Zealand and Latin America, can provide services designed to help you navigate foreign real estate transactions, protecting you from unnecessary risks and overwhelming processes.
With years of experience and thousands of transactions processed, Stewart Title Latin America has adapted the familiar US and Canadian real estate closing model to international real estate transactions. Our title insurance policies, escrow and closing services are crafted to address the specific complexities and legal requirements of the countries we serve.
Stewart Title operates throughout Latin America through a network of offices in Mexico, Central America and the Caribbean. Each regional office provides a complete range of services that provide transparency, security and peace of mind to your transactions.
When investing in real estate, you can trust Stewart Title’s financial strength, professional service and leading technology to execute your transaction flawlessly.
The Stewart Title Riviera Maya has been managed since 2004 by Mr. Ivan Castillo, who is a real estate attorney with over 20 years of experience in real estate transactions; he graduated law school from Universidad Iberoamericana in Mexico City and worked as a closing attorney with DINE Group the most important Real Estate Developer for high-end product in the Country with Notary Public No. 132 both located in Mexico City.
Title insurance is a contract of indemnity that protects real estate owners against loss or damage they might experience because of liens, encumbrances or the defects in the title to the property. Each contract of indemnity is subject to specific terms, conditions and exclusions.
One of the most important aspects of protecting a real estate investment is making sure the title to the property is in proper order. Title insurance protects your ownership and use of the property by guarding against unknown and hidden risks that may cause you loss or affect your ownership.
Other types of indemnity coverage focus on possible future events and charge an annual premium. Title insurance protects against loss from hazards and defects that may already exist and concern the title.
Covered title risks include:
- Invalid documents executed under expired/ nonexistent power
- False assumption of identity concerning the legitimate property owner
- Liens and financial burdens charged to the previous property owner
- Non-registered property easements
- Hidden heirs of previous property owners
What does title insurance provide?
- Payment of legal expenses to defend a guaranteed title
- Payment of valid claims up to the value of the policy
- Thorough investigation of the title prior to issuance of title insurance
Title search and examination is the first step – indemnifying a home’s title begins with a search of public land records affecting the property. The title company examines pertinent documents to determine whether the property is insurable.
For the homeowner to be covered, he or she must purchase an owner’s title insurance policy, such policy lasts as long as the beneficiary has an interest in the property.
Escrow Services in Mexico
Escrow refers to the process in which the funds of a real estate transaction are held by an independent third party, funds that will be returned to the depositor or released to a third party depending on the fulfillment of the conditions agreed by the contracting parties.
When purchasing property, one of the most important considerations for both a buyer and a seller is whether and under what conditions the transaction funds will be safely held and distributed by an independent party. In an international transaction, this issue is even more important and often complicated, as either the purchaser or the seller may not be familiar or comfortable having funds deposited in an unfamiliar jurisdiction or with an unfamiliar attorney or bank. Utilizing Stewart Title Latin America Escrow Services provides cost-effective security to all parties in the real estate transaction.
With over 12 billion of dollars of experience, Stewart Title Latin Americas escrow team can administer deposited funds ensuring an efficient and secure disbursement process.
Beyond providing customers Title Insurance and Escrow Services, Stewart Title Latin America provides a host of coordination and closing services to help streamline the real estate transaction process.
Acting as a single point of contact for closing details, Stewart Title will provide all the necessary notary and legal services to close the real estate transaction, assisting from beginning to end, providing pre, during and post closing assistance, until Title is delivered to the purchaser.
Its important to mention that when utilizing Stewart Title’s closing services, all details will be managed by a Real Estate Attorney that will guide the customer through the transaction.
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