Suppose you’re a generally healthy person with a weekend habit of jumping out of helicopters to ski down mountains in the middle of the French Alps? What if you like to ascend ice formations in a sport called ice climbing, or barrel down a twisting paved road while lying on wheeled board? How about if [...]
The Difference between Titled and Rights of Possession PropertiesThere is a lot of confusion when foreigners look to buy real estate in Panama. That’s because some sellers have actual “title” and others only sell their rights to “possess” a property. Moreover, deeds of title are different in Panama from the United States or Canada.Let’s clear [...]
BasicsYou have two basic kinds of insurance that are part of a mortgage transaction: title insurance hazard insurance Title InsuranceTitle insurance is insurance that protects against the future issues of title on a property. For example, you may buy a property and then afterwards find out the person who sold you the property did not [...]
In a word no! Title insurance is no substitute for a survey.It seems to have become somewhat of a common practice in the last few years for newer inexperienced real estate agents to advise clients against the expense of a survey, along with the recommendation to purchase title insurance as a way of safeguarding against [...]
Why does your bank require title insurance? Even though the property has been appraised and the buyer and seller have gone through many hoops to sell the property, there could be problems with the title. The insurance covers you and the bank in case something unforeseen comes up that brings into question the indebtedness of [...]
Title insurance is basically an insurance against the defects in the title deed of a property that can cause the owner financial loss as well as mental agony. These defects could either be from a legal point of view where-in you might end up having a different owner as against the person from whom you [...]