Title Insurance in Ecuador Learn more about title insurance in Ecuador in IL Postcards. One particular danger area in real estate is the purchase of "derechos y acciones," or "rights and shares" to a property instead of "cuerpo cierto" which is an outright sale. Derechos y acciones are the rights granted to heirs when a property owner dies without a will. This is quite common in Ecuador, and makes for an extremely risky purchase. Unless you can verify that all heirs are accounted for prior to the sale (and then complete the sale cuerpo cierto), you should avoid this type of purchase, since you may subsequently be open to claims from people who believe themselves heirs. Title insurance is not available in Ecuador (although it may be in the near future). This means that a buyer must take extra precautions to ensure the validity of the title to any real estate before he purchases. That means good legal counsel. When title insurance becomes available in Ecuador, it will be through Turalu Brady Murdock at First American: First American Title Insurance Company, Sawgrass Lake Center, 13450 West Sunrise Blvd., Suite 300, Sunrise, FL 33323; tel. (954) 839 2900; fax (954) 838-9228; e-mail: tmurdock@firstam.com; website: www.firstam.com. Learn more about title insurance in Ecuador in IL Postcards.
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