Title Insurance - Information About Property Titles in Los Cabos Mexico
In the early 1980s the real estate market in Los Cabos was in it infancy. There weren’t many condominiums available for sale and very little improved or subdivided property. Many of the properties were still held in the name of the very first title holder and there wasn’t much confusion or doubt about who owned the land and who had legal authority to transfer the title. At closing the sellers would present themselves to the Notary Public to sign the Trust Deed to the foreigner. It was simple then.
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The business of real estate in Los Cabos changed as the properties were subdivided, master plans designed and condominiums built. They were bought and resold quickly, usually before any titles could transfer from seller to buyer. But with all those subdivisions, properties were getting more complicated. Subdivisions had to be completed, most of them changed in the process and legal transfers of title became much more intensive and the municipality had a heck of time without modern computers trying to keep up on the registered transactions not to mention the unregistered transfers.
