Quote:
Originally Posted by Yoda
I have one more question to add.... If a foreigner (Canadian) is purchasing previously Ejido land that has been converted to private land, and is also the first name to appear on the new title, is Title Insurance still recommended? Or will the review of the title that the Notary Public performs essentially deem the title clear?
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In my personal opinion, if you (a foreigner) are buying RAW LAND that is not part of a subdevelopment or established neighborhood (by this I mean a lot in Playacar, Playa Magna, Sirenis, Sacbe, Rancho Mayab or similar), even if you have the first title, I would recommend getting the insurance. If you are purchasing beachfront property in Puerto Morelos, Tulum or in the Biosphere it is a must!! If you are buying a piece of land and you CAN'T get title insurance on it, for whatever reason, think again. Fair warning.