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[+] Payment in Advance - Deborah Manion/VA (15 replies)
5/30/2006 5:13:17 PM (3744 views)

[+] Titlesearch USA - Robb Grandon/OH (11 replies)
5/30/2006 1:12:26 PM (3988 views)

[+] Need Info Please - Norean Cashwell/GA (5 replies)
5/30/2006 6:40:58 AM (3535 views)

[-] Title Searches in other Countries.. - Angelica Schneider/IN (6 replies)
5/28/2006 12:09:10 AM (3504 views)
Re: Title Searches in other Countries.. - Kevin Ahern/CT
5/28/2006 11:24:15 AM (5916 views)

If by VE you are talking about Venezuela, clear title is just one of a number of concerns you should have. In terms of obtaining clear title, it is recommended to most North Americans that they seek the assistance of a reputable local attorney to explain what constitutes clear title under their law and how one clears the title. If you contact the American embassy or Consolate General they may be able to point you in the right direction as to an approved list of local attorneys.

Make certain that you understand exactly what it is that you are getting. Foreign laws differ greatly from ours with respect to this issue. When I was in law school I had the opportunity to work with a German exchange student. German laws like most of continental Europe rely on statutory law rather than a combination of statute and common law. They cannot understand our system of legal precedent. The fact that different judges' interpretations and enforcement of statutes are inconsistent does not seem to concern them much. The same may be true in the country in which you are purchasing the condos. You should condition the sales contract on the seller's delivery of clean title as explained by your attorney, and have your attorney read the contract before you sign it. Delivery of marketable title  may not be a requirement of the sale as it is in our country.

Title insurance will be of critical importance. There are American title insurance carriers that insure Latin American properties. I believe that Stewart Title Guaranty may be one of them. They advertise that they insure properties in Costa Rica. They may be available to insure your property.
Make certain that you understand the insurance policy's exceptions to coverage and requirements for insurability.

If you are still in the process of negotiating the sale, it is often recommended that you use a local native intermediary/agent to negotiate the sale because the price will almost certainly increase if the seller knows that he is dealing with a wealthy Americano. There are people locally for hire that act as such agents.

It is also a good idea to determine whether you are going to pay the sale price in American dollars or local currency. The rate of exchange may significantly impact on the price you pay.

I am not certain that by VE you are talking about Venezuela, but if so, I agree that it is a beautiful country, especially along the coast. The rain forests also have their allure. I was amazed to see monkeys rather than squirrels in the trees, and some people even keep them as pets. They charge tourists to have their photos taken with the monkeys. The people are friendly, and the cost of living is low...one of the few places that you can probably live well on social security. It does have its dark side though. It is one of the few places I have been where the police patrol the streets heavily armed. I am not just talking about pistols.  Also anti American sentiment often runs high in Latin America, and the Chavez government is not a big fan of the Bush administration. The negative sentiment can often erupt into violence.

Other than that, enjoy the property.

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Re: Title Searches in other Countries.. - Angelica Schneider/IN
5/28/2006 9:45:46 PM (5564 views)
Re: Title Searches in other Countries.. - George Booth/OH
5/28/2006 1:41:36 PM (5584 views)
Re: Title Searches in other Countries.. - Angelica Schneider/IN
5/28/2006 9:46:22 PM (5380 views)
Re: Title Searches in other Countries.. - David Bloys/TX
5/30/2006 8:01:08 AM (5466 views)
Re: Title Searches in other Countries.. - Angelica Schneider/IN
5/30/2006 4:35:28 PM (5505 views)

[+] Remembering Our Nation's Unsung Heroes - Scott Perry/PA (2 replies)
5/27/2006 9:59:02 AM (3407 views)




[+] India Outsourcing! - Kurt deVries/FL (4 replies)
5/26/2006 9:51:02 AM (4465 views)

[+] OHIO SB 185 requires title searcher's to maintain E & O - Pete Kisan/OH (4 replies)
5/26/2006 7:14:12 AM (3334 views)

[+] PaperPort11 Pro released - STEVE MEINECKE/VA (16 replies)
5/25/2006 8:39:05 AM (4540 views)

[+] THE FUTURE OF NALTEA - Scott Perry/PA (4 replies)
5/20/2006 11:32:39 AM (4258 views)

[+] greenlink fax - Frances Scheetz/PA (12 replies)
5/17/2006 5:58:00 PM (3847 views)

[+] Bucking the Out Sourcing Trend - Robert Breakell/CT (1 reply)
5/12/2006 7:24:55 PM (4608 views)

[+] please read..... - Ellen Malloy/MO (46 replies)
5/12/2006 4:56:05 PM (3546 views)

[+] Beating the title insurers at their own game - Kevin Ahern/CT (5 replies)
5/12/2006 4:29:19 PM (3229 views)

[+] Greenlink and Wachovia - Wendi See/SC (2 replies)
5/12/2006 1:36:00 PM (3523 views)

[+] Where is CMS??? - Kurt deVries/FL (9 replies)
5/11/2006 11:39:32 AM (3372 views)


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