First American Title Insurance
First American is one of the nation's leading, most experienced providers of title insurance, and number one in global title operations. This segment's businesses utilize information to protect real property buyers and lenders from problems that might affect title ownership. Through nearly 1,200 offices and thousands of agents in the United States and abroad, the company offers a wide variety of title insurance and associated closing and escrow services. Coverage is provided on residential and commercial properties, personal property collateral, aircraft, nautical vessels, and more.
The First American Corporation
Based in Santa Ana, California, where they have had their roots since 1889
$2.5B Market Capitalization
Traded on the New York Stock Exchange as FAF
A FORTUNE 500 Company
One of America's Most Admired Companies
A Technology Leader and eBusiness Innovator
What is Title Insurance
Title insurance is a special type of insurance that protects the insured from loss on a specific piece of property. A Title Insurance Policy provides security against the loss of land as a result of a title problem. Title Insurance can be purchased with or without limitations and exclusions. When purchasing property in the United States, most Banks and Mortgage companies require Title Insurance prior to granting a loan.
It is equally important when purchasing property in Mexico. A Fideicomiso (Living Trust) DOES NOT take the place of or exclude the need for Title Insurance. (A Fideicomiso can be dissolved in the event of Fraud, Errors and Omissions and certain Gov't and Ejido claims.) When purchasing Title Insurance in Mexico, be sure to read the master policy thoroughly and check for limitations and exclusions.
Some title insurance companies insure only the Fideicomiso (Living Trust) and exclude fraud, gov't and Ejido claims, even certain developer liens. This should not be acceptable. At Playa de Oro, First American Title Insurance excludes none of those items and offers total Title Insurance protection! If the Title Company is not willing to take those risks after thoroughly investigating the matter, NEITHER SHOULD YOU!
When purchasing title insurance in Mexico make sure that the policy is on the land not just the Fideicomiso.
Total and Comprehensive Title Insurance - Playa De Oro
Playa de Oro pays for First American Title Insurance to issue individual policies to every owner on their lot purchase.
All Title Insurance Policies are not created equal
First American Title Insurance is on the land itself.
Most other title insurance companies insuring property in Mexico insure the Fideicomiso (Bank Trust) only.
First American's Title Insurance on Playa de Oro property has no fraud nor ejido exclusions.
Most other title insurance companies insuring property in Mexico have limitations and exclusions usually on third party claims and fraud.
First American Title will defend your rights in court with their lawyers.
Most other title insurance companies insuring property in Mexico will reimburse your expenses when you defend your rights in court. (Big Difference!!)
First American Title will defend you and your heirs in case a title issue arises long after you have resold your property.
BE SURE TO READ Policies thoroughly!
Cost: Playa de Oro proudly provides, to each of its owners, a full coverage policy for the purchase price of the lot at no additional cost. Because of the original policy and costs covered by Playa de Oro, additional and/or updated coverage to insure the value of a home, and even appreciation, can be purchased very reasonably (approximately $5-$7 per thousand) and is a one-time fee.
"Playa de Oro is one of the cleanest and best properties for sale in Mexico." - First American Title Insurance.
The multi-billion dollar insurance companies Grupo Nacional Provincial, S.A. and First American Title Insurance Company guarantee your purchase and ownership at Playa de Oro even against any third party intervention including Government and Ejido claims.