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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
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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.
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Playa de Oro includes First
American Title Insurance policies to every owner on their lot purchase from us.
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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. Disclaimer: The clauses in your actual title insurance policy will take presidence over the text above.
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| "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.
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Title insurance 