2 ms·
Probably not universal, but it does seem developing countries do not have reliavle title searches or title insurance. Source: tried to buy property for many mo
by IG_Semmelweiss 5y ago
Probably not universal, but it does seem developing countries do not have reliavle title searches or title insurance.
Source: tried to buy property for many months in 2 different foreign countries. Havent been able to do so yet mostly due to challenges around title and very poor broker listings / knowledge
- freddie_mercury 5y agoJust because it works differently than you're used to doesn't make it "hard", though. It might be "risky", which is what it sounds like you're talking about. But in many ways it is easier than in the west, since you don't need to deal with: inspections, appraisals, mortgage contingency, closing periods, CCRs, escrow, etc. I own two pieces of property in a developing country and in both cases it took about a day. I gave them cash and they handed over the title.