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Our
attorneys provide our clients with a complete service for
real estate title searches. Real estate title searches in
Panama are completed by carefully researching the various
governmental and private institutions to ensure that there
are no claims, liens or encumbrances that could hinder the
title transfer process.
The
main areas that are researched are the following;
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Public
Registry of Panama – Here the attorneys check to
ensure that the property is registered to the name of
the seller, or the sellers entity (corporation, foundation,
or trust) and that there are no pending liens or encumbrances
on the property. A copy of the public deed and all amendments
to the public deed are extracted from the Public Registry,
which are then researched and confirmed to be valid and
authentic.
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Utility
Companies – The attorneys check with the various
utility companies to ensure that the property has all
water utilities, electrical utilities, etc. paid up to
date so that there are no future claims from the utility
companies.
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Agricultural
Reform Department – In the event that the property
is not titled property, rather it is what is referred
to as “Possession Rights” property (Propiedad
de Derecho Possessorio), the attorneys research and confirm
the Possession Rights Certification at the Agricultural
Reform Department (the department that regulates government
lands in rural areas that are granted ownership rights
to those citizens or entities who have proven use of the
land through a Possession Rights Certification).
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