As a buyer…why get title insurance? It’s protective. It speeds up completion. Attorneys give an opinion; however, title insurance companies insure, transferring the liability risk from the purchaser to the title insurance company. In the case where a problem does arise, a claim is easily filed against the title insurance company.…
When is a property considered ‘Under Contract’? The short answer: When a Purchase and Sales Agreement (PSA) has been signed by both Buyer and Seller, and a deposit has been secured. Prior to going Under Contract, it is common practice, in the Bahamas, for the Buyer’s Real Estate Agent to draft…