It’s true that banks have branches, but you know full well that money does not grow on trees. Protect the collateral of your loan with a First Bahamas Lender’s Policy in the event that you have to exercise rights against the property because of a default on the loan that arose because of a defect in the title.
You’ve engaged an A-List real estate agency and are confident you will secure a generous bank loan. But have you purchased title insurance?
Whether you’re looking to buy your dream home, inheriting property or making your tenth substantial real estate investment, title insurance can secure your right to ownership against liens, encumbrances and defects, such as clerical errors, fraudulent claims and other hidden hazards, as well as reduce transaction costs by eliminating certain legal fees. Moreover, the best banks will insist on proof of title insurance. You should insist on a one-time premium Owner’s Policy from First Bahamas!
We perform a thorough search of public records to ascertain whether the seller possesses good and marketable title to the property to be sold. Such an investigation can unearth any number of threats to title which can be resolved before the property changes hands, offering you surface protection from the start.
However, title insurance also goes beyond the traditional title search by issuing a policy that covers you against a number of hidden defects and assuming legal responsibility for the defence of your title and actual loss covered by your policy against a valid claim.
This Owner’s Policy generates a one-time premium and is valid for as long as you or your heirs have an interest in the property.
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