DUE DILIGENCE

TITLE SEARCH AND DUE DILIGENCE

At R. de la Gala & Associates we conduct the “Title search and Due Diligence” processes from a multidisciplinary approach with professionals from the financial, legal, environmental, labor and fiscal fields.

We recommend that before purchasing or selling a property, contact us to inquire about the “Title search and Due Diligence” processes. These processes will allow you to know in depth and from an objective perspective, the reality of the property object of acquisition, and will facilitate negotiation tools of the price and guarantees in the transaction. We have a great experience in processes of sale of properties and companies, frequently expose to the contingencies or risks that the buyer could go unnoticed.

Not only do we limit ourselves to an examination and extensive search in the Public Records of Property and Commerce where appropriate, to determine that there is no limitation to the right of ownership that may affect the interests of our clients. If we find any adverse situation or any circumstance or other defects that affect the title, we will make all the necessary steps to resolve them as soon as possible and before the closing of the operation, with the prior consent of our client.

When intending to acquire either a property or a business in another country, it is thought that on many occasions that the legal systems are the same as the country of origin or not knowing the laws on the subject that regulate real estate And trade, sometimes falls into situations that were not planned within the intention to acquire. Reason which is that we strongly recommend contacting a specialist of this firm for the award of the service discussed.

There are two legal provisions to protect you in case someone wants to defraud you. The first is Title Insurance, with which you ensure that your new property really belongs to you, and with it you are protected against future claims on that property related to past issues.

We take care of Title Search, Title Examination, and Title Search; Prior to transferring the Title Insurance services to our associated insurance company.

The second legal provision is the Escrow, the custody of goods by third parties.

The Escrow Service is a fund management agreement for a real estate operation by an impartial third party, who must disburse such funds in accordance with instructions previously agreed upon by the parties and delivered in writing to Escrow’s agent.

For a better understanding, the escrow agent will not release the money in his custody to the seller until the property is duly notarized and notarized, and the property transferred to the buyer or supplier of the funds According to all the requirements and formalities that the Law indicates.