Safe Property Guarantee
Stratus International are now providing title insurance on all properties purchased in Spain and the Balearic islands through ourselves. Over the past few years as you will be only too well aware the Spanish property market has been awash with stories of illegal building, corrupt officials and unscrupulous lawyers and agents.
Stratus International have always carried out extensive due diligence on all the properties we offer for sale and only recommend trusted lawyers but to cover all our clients 100% we are going the extra mile by offering to underwrite each and every property purchased through ourselves for a small additional charge. Our safe purchase guarantee provides the highest level of protection available anywhere and is backed by Caser Seguros, one of Spain’s largest and longest established insurance companies.
Below are examples of some of the things covered:
- Illegal build, land grabs, Ley de Costa Rulings and all other legal claims against your property covered.
- Fraud (Document Forgery): Current technology makes it easy to forge all kinds of douments.
- Fraud (Selling your property): ID theft could lead to a third party selling your property and pocketing the proceeds.
- Fraud (Remortgaging the property): Applying for a mortgage / loan on your property.
- Marital Problems: Divorce / separation - legal ownership rights etc.
- Demolition Order: Covers illegal licence issues for demolition orders etc.
- Compulsory Purchase: Your property is subject to a compulsory purchase order, there have been cases where not only is the land compulsorily purchased but the owner has also had to pay hefty administrative fines.
- Fraud (Buying from a fraudulent owner): After many years you discover the vendor was not the owner of the property.
- Border Disputes
- Non-inscription on the Land Register
Below are a few reasons why title insurance should give you complete peace of mind:
- 20 year title insurance
- Compensation up to 360’000 euros for any monetary loss
- Immediate cover from the day you sign for your property
- Professional legal help and support in to resolve any problems
- Policy documents in Spanish and English
- Title insurance advice hotline for policy holders
- Backed by Caser Seguros, one of Spain’s largest and longest established insurance companies.
    |