M
Mr. Din
New Member
I was just in Nicaragua looking at a few beach front lots that are for sale. We have been working with a local real estate agent out of Leon. My questions are the real estate agent says he can have someone do research on the land back till 1986 and title insurance would cost around $5000. The lot we are looking cost only 70,000$. Does the price of the title insurance sound about right for that piece of land? From what I have been seeing on the internet people say title insurance cost $2000 or less. Also they say when they do the research on the land it is up till year 1986 and everything is free and clear ,would it be a problem? From what the real estate agent told me is in 1986 the GOVT gave the land to the owner and now the owner wants to sell. If the title search comes back free and clear would it be even worth it to spend money on title insurance? Thanks in advance.