Title Insurance In Mexico, Part 2.
In part 1, I pointed out the importance of title insurance when purchasing property in Mexico. It isn’t automatic like the U.S. and Canada, so you have to check. I also noted what risks should be covered. And another thing to look for is that the title insurance company will defend your rights in court, with their lawyers (which means at their expense). Some title insurance companies insuring property in Mexico will only agree to reimburse you for your expenses after you have paid to defend your rights in Mexican court. Since litigating in Mexico can be difficult to impossible that is a big difference! Don’t get burned down south – if you’re not able to research the title insurance before buying, get help from someone knowledgeable who will look after your interests.