International Title Insurance & Title Indemnity
Through its Title Insurance underwriters, including Lawyers Title Insurance Corporation, LandAmerica provides Title Insurance and, in certain markets, title indemnity policies to provide international coverage against financial loss for buyers and owners of real estate, mortgage lenders and issuers of mortgage — backed securities.
International Owner’s Policy
Issued to the owner, upon the acquisition of the property, for a one-time premium, and effective for the life of the investment, the policy covers losses — including legal expenses — arising out of claims relating to:
- Legal title
- Defects, liens, encumbrances on legal title
- Right of access
- Additional endorsements, which may include zoning
International Loan Policy
Issued to the mortgage lender, at loan closing, for a one-time premium, and effective until maturity, the policy covers losses — including legal expenses — arising out of claims relating to:
- Legal title
- Defects, liens, encumbrances on legal title
- Right of access
- Invalidity or unenforceability of the mortgage
- Prior liens or encumbrances
- Invalidity or unenforceability of any mortgage assignment
- Additional endorsements, which may include zoning
International Mortgage Pool Policy
Issued to the Trustee of an issue of Commercial Mortgage Backed Securities, for a one-time premium and effective until maturity of the securities, the policy covers losses – including legal expenses – arising out of claims relating to the underlying mortgages in the pool including:
- Legal title
- Invalidity or unenforceability of the mortgages
- Prior liens
Technical and Environmental Assessment Services
LandAmerica Commercial Services offers full-service environmental and technical due diligence services associated with commercial real estate acquisition and finance through LandAmerica Assessment Corporation (LAC). LAC’s Professional Associates are located around the world and include specialists in engineering, architecture, environmental analysis, and more. Through an established international presence, LAC brings a thorough understanding of global real estate transactions and the technical and environmental due diligence services that are required.
- Property Condition Assessments
- Data Room Review/Third Party Peer Review
- Environmental Assessments
LAC performs over 15,000 assignments each year and has earned a reputation for providing timely and accurate information to help clients manage their risks. And with established offices across Europe and North America, LAC’s clients no longer need to search for a local consultant to meet their due diligence requirements — LAC already has a presence and actively works within most international markets.
LAC has over 1,000 field professionals located around the world who make the most of operational synergy, speed of action, and their ability to profitably apply a global perspective to local situations. Through seamless integration of LAC’s proprietary web-based data management systems, the perfect platform is provided for its clients’ assessment needs. But LAC promotes one thing above all — their clients’ success.
For more information, please email us or call +1 (212) 973-6200.