Buying land and developing properties presents a series of legal risks. First, is title to the land clear? Are there any claims against the title, or liens or charges on the land? Second, are all the permissions and permits in order for the development?
Title insurance can cover these risks, and also consequential damages which might result from the risks, such as construction delay costs, and for completed projects, loss of rental income.
These risks matter to the developer, and they also matter to the bank financing the project. Title insurance can protect both the developer’s investment and the bank’s mortgage loan.
Contact us for more information on how we can customize a product around your needs and discuss any questions or concerns that you might have surrounding your transaction.