Esteban Rada
Colombian Attorney
Website: www.lawyerscolombia.com
Email: info@lawyerscolombia.com
Telephone: 57-311-7693976
A title search is a fundamental measure to guarantee legal certainty when acquiring a property in Colombia as a US citizen. This process provides certainty about the legality of the property and prevents possible scams or future problems for the owner.
What is a title search in Colombia?
A title search is a detailed analysis and legal process that is carried out to ascertain and confirm the legal status of a property, such as a house or land, before it can be sold or purchased.
The execution of this study involves a thorough scrutiny of the property’s background, including a review of the legal documentation and records of the property. The aim is to ensure that the intended seller is, in fact, the legitimate owner and that there are no encumbrances, debts or legal restrictions that could negatively influence the value or use of the property.
Things to do as a US citizen Before buying a property:
If you are considering buying a property, it is crucial to make sure of its legitimacy and verify whether the seller is the true owner. In addition, it is important to know all the legal conditions associated with the property.
The knowledge provided by a title search prevents future legal disputes, such as the property being mortgaged without the new owner knowing about it.
Mortgaging a property:
When you want to obtain a mortgage loan, the bank or financial institution will conduct a title search to ensure that the property can support the repayment of the loan.
This involves a thorough investigation of the legal background of the property, which provides security for both the lender and the borrower.
At RADA LAW FIRM, our team of Real Estate Law specialists provides expert advice, protecting their rights and efficient dispute resolution mechanisms for potential conflicts in the future.
For further information, please don’t hesitate to contact us at:
Esteban Rada
Colombian Attorney
Website: www.lawyerscolombia.com
Email: info@lawyerscolombia.com
Telephone: 57-311-7693976
