Title Insurance & Escrow
Safety and excellence cannot be improvised.
Reliable safeguards are essential for realtors and buyers to engage confidently in cross-border transactions.
In the US, title insurance and escrow are standard practices that protect both parties-title insurance covers losses due to defects in property ownership, while escrow ensures funds are only released when agreed conditions are met.
FIABCI is Safe Negotiations
In countries where these mechanisms are not standard, a well-structured security bond can provide equivalent protection. While a surety bond cannot fully replace title insurance, a rigorous developer pre-approval process can uncover and address title defects.
In addition, surety bonds can offer protections similar to escrow, guaranteeing performance without requiring funds to be held by a third party. For presale projects, surety bonds can also ensure that the developer fulfills contractual obligations such as project completion and construction quality.
FIABCI is partnering with a leading insurance provider to offer an exclusive, FIABCI-approved surety bond solution to safeguard international real estate transactions.