Several title insurance companies provide title insurance and related services for Costa Rica real estate throughout the country…..
They say “easy come, easy go”, but I’m sure you have worked hard all your life to get the money together to be able to buy real estate. Since you would probably make sure you do the right thing back home, why wouldn’t you do the same here? Please make sure before you go ahead in your real estate deal. Pick the right realtor, the right attorney or take title assurance. Featured below are the two Title companies in the area, here we explain how they can be involved in your Costa Rica real estate transaction and some information about them.
First American Title
The First American Corporation is the nation's leading provider of business information. Tracing its history to 1889, first American continues its commitment to service by providing the information resources business need to make timely and accurate decisions. Backed by industry-leading technology systems, First American delivers efficiency to support your business information needs.
Stewart Costa Rica
Today, Stewart Title is one of the largest title service and real estate information companies, with more than 5,500 offices worldwide. The company is highly rated and is publicly traded on the New York Stock Exchange. In Latin America the real financial guaranty provided by Stewart Title is stimulating investment in the region by minimizing risk in an area that has been traditionally considered of risk. Whether an individual or corporation, purchaser or lender, Stewart Title services can provide you important information about the real estate being considered. The Title Guaranty and other closing services help make your real estate transaction a safer, more efficient process.
Stewart title is one of the strongest title companies in the United States and now in Latin America and the Caribbean. The company has 108 years of history, since it was started in 1893 in Galveston, Texas by Maco Stewart.
When you purchase a home or land in Costa Rica, you are purchasing land that is free and clear from any claims, debts or other impediments. Your GoDutch realtor and your attorney can help you take measures to be certain of this. Costa Rica's national registry operates under the Torrens system, so with the proper steps you can be certain that your title is free and clear. However, many of our clients are accustomed to having title companies guarantee their property, so as additional protection; you may wish to purchase a Title Guaranty from a title company. These companies offer to protect you from these (uncommon) occurrences:
- Invalid documents executed under expired or non-existent owner
- False assumption of identity of the legitimate property owner
- Falsification of documents, legal power, and other papers related to the transfer of property title.
- Other financial burdens charged to the previous property owner.
- Hidden heirs of previous property owners
- Documents executed by minors
- Invalid documents delivered after the death of the previous owner.
Recently Stewart Title launched a new, very complete package of services for you, offering several services like escrow, closing, title guarantee and others in one package. Stewart Title also offers a list of Star attorneys, who can close your purchase themselves and have Stewart Title insure your title. Ask your GoDutch realtor about these services.
