International Escrow Services
When you are involved with a real property transaction
in the international market, a Title
Insurance Company can provide Escrow Services as an
independent and neutral holder of funds and Title insurance.
Most real estate sold in the U.S. includes an Escrow Officer and a Title Insurance policy. I consider this to be important part of your investment and the closing process for your purchase of property in Mexico as well. Respectfully, Monty Merrell. email: info@retiremx.com
Three U.S. based companies available for escrow and title insurance services
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Stewart Title - Tel US# Toll free 1-800-729-1900, Ext 4108 and 1-713-985-1021;
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First American Title Insurance Latin America - Tel U.S. Toll free 866-690-4639
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Fidelity National Title de Mexico Tele (+52) 559-177 0860
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Stewart Title Guaranty Company - International Group
Stewart, the first title company to bring escrow services to Mexico, is dedicated to providing the best escrow service and experience to our customers. Stewart Title Guaranty Company - International Group has earned a positive reputation with many of the real estate agencies in the Jalisco, Nayarit, Baja California, Baja California Sur and Quintana Roo areas, and I can assure you that you will find they provide you with excellent, professional and dependable services. Stewart's escrow fee is $750 for all residential transactions in Mexico, no matter the amount to be deposited into escrow. Stewart can disburse via wire - issue a check or cashier's check - when it is time to fund the transaction. Stewart does not charge: Extra for additional disbursements or a fee to issue a check or a cashier's check. If there is a need to send a FedEx® package to you or the customer with the escrow agreements or documents related to the escrow transaction. If you would like to learn more about how Stewart Title Guaranty Company - International Group can assist you contact.
Teresa Cores, Escrow Coordinator
Stewart Title Guaranty Company - International Group, 1980 Post Oak Blvd., Suite 2000, Houston, TX 77056
http://stewart.com/international-services/stewart-international
email: tcores@stewart.com
US Toll Free: (800) 729-1900, Ext. 1021, Direct: 713-985-1021, Cell: 954-258-7154, eFax: 713-513-5476
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Funds held in Trust
First American Title Insurance Company is the second largest title insurer in the
world, with revenues of $8 billion.
First American has an international escrow account arranged through a major US
bank based in Miami, Florida to securely hold deposits, proceeds from sales,
and/or purchase funds.
As an independent escrow agent, First American will only disburse funds
pursuant to your instructions.
Your funds held in trust by First American will be used as directed by you, giving
you peace of mind and security.
First American, pursuant to your instructions, will disburse the funds to pay
mortgages, real estate commissions, taxes due at closings, closing fees, notary
fees, and/or the purchase price.
A secure placement of your funds in Escrow with First American
allows both the seller and the buyer to know that the cash will be
available at the time of closing.
First American Title Insurance Company can act as:
• Custodian of funds
• Disbursement agent
• Neutral third party guaranteeing the availability of funds
Frequently Asked Questions
Q. What do I need to open an Escrow?
A. For First American to act as escrow agent on a real property
transaction, the Company requires an Escrow Agreement signed
by both Buyer and Seller.
Q. How much does the Escrow service cost?
A. Our Escrow fee is a one-time fee of $550 USD and includes up
to 10 disbursements. This is a non-refundable fee.
Q. How long can we have Escrow open?
A. The Escrow remains open until the transaction closes and all
funds are disbursed.
Q. How are the funds disbursed?
A. At closing, First American is provided with a letter of
disbursement itemizing amounts and names of payees signed by
all parties to the Escrow, along with satisfaction of all
contingencies of the Escrow. First American requests wiring
instructions on the letter of disbursement in order to expedite
payments. The payments may be completed by wire transfer,
certified check, and/or First American check.
Q. Do I receive interest?
A. No, the account is non-interest bearing. However, an interest
bearing account may be available at an additional cost.
First American Title Insurance Company
13450 W, Sunrise Boulevard, Suite 300 Sunrise, Fl 33323
toll free 877-601-6767 (954) 839-2900 FAX (954) 838-9228.
http://firstam.com
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FIDELITY NATIONAL DE MEXICO INTERNATIONAL
Pablo Martí
Director de Ventas y Nuevos Negocios
FNT de Mexico
Phone: +52 55 9177 0860
Fax: +52 55 5257 1268
email: Pablo.Marti@fnf.com
http://www.fnf-title.com/mexico_home/
