Title Insurance Commitment and Policy

 

Title insurance provides financial indemnification for losses due to on-record or off-record title defects on the property that existed on the date the policy was issued. The extensive work done prior to the issuance of a title policy allows the policy holder peace of mind: knowing that the underwriter carefully investigated the title prior to issuing the policy and; knowing that if a claim does arise the policy holder is indemnified by the insurance company.

 

A full title search is conducted and a commitment to issue title insurance is issued at closing. Once the property is transferred to the new owner, a title insurance policy is executed and issued to the insured

 

(Sunset in Contadora – Pearl Islands – Panama)

 

Joint Marketing Services

 

Participation and support in publicity events

Assistance in the process of educating potential buyers about the sales process

 

Advantages and Benefits

 

We believe that these services offered together, as a package, add value (not cost) to the real estate transaction process, providing many advantages to both the developer and clients.

 

(Volcan - Chiriqui Province - Panama)

 

Advantages to Developer

 

• Increased selling potential of property
• Significant cost savings: lower cost than providing services individually
• Reduced administrative burden: allowing the developer to focus on the most important tasks (sales and development)
• Faster deal executing time: standardized system and process ensures quicker turnaround time
• More efficient system for executing transactions: centralization of activities related to funds management, documentation and closing allows better control and efficiency
• Accurate and up to date tracking of project status and funds

 

Advantages to Clients

 

• Real financial guaranty against loss
• Absolute security of funds
• Reduced investment risk
• Increased resale value of the property
• Significant cost reduction vs. requesting all services separately

Contact forlacol@gmail.com or Ursula (507) 6676-5151 for more information on how we can advise you regarding title insurance, escrow services, or title search.