TITLE INSURANCE

The wide availability of title insurance is one of the best reasons to buy real estate in the United States. Title insurance provides certainty to the owner and other parties such as the mortgage lender that their interests are protected. If any problems arise as to title (ownership), the owner and mortgagee are protected from economic harm.

In general, rates are often set by the State and policies can be paid for by the buyer or seller. For that reason you should verify with a mortgage loan officer or a real estate agent what is typical and standard to the area you are purchasing in.

One important consideration of purchasing property in the U.S. is how the foreign investor will hold title to the property being purchased. Generally, ownership is held as an individual or group of individuals or ownership through legal business entities.

The most common forms of ownership are Individually, Tenants in Common, Joint Tenancy with Right of Survivorship, Tenants by their Entirety, Corporate Entity and Trusts.

For the full article, see www.sandongroup.com/foreigntitle