Claims

Render Title as Insured

 •       Fidelity National Title de Mexico issued an $11 million owner’s policy to a major retailer, insuring title to land being purchased for development.  Expert counsel had been retained to conduct detailed due diligence on the property; counsel rendered a clean opinion as to title; and the official Notario certified title and issued the new deed at the closing. 

•       Days later, the retailer learned that the seller previously had transferred a portion of the property to a public utility.  That conveyance was missed both by counsel and the Notario. 

•       Fidelity’s Claims Department worked diligently with the retailer, the seller and the utility to resolve the matter, in order to “Render title as insured”.

•       At its cost, Fidelity was able to arrange for the utility to exchange the subject parcel for land in a different location, and within six weeks, the insured had good title to its entire site and was able to proceed with its development, opening its store on time.

Mailing address:

Bosque de Radiatas 50 Piso 4
Col Bosques de las Lomas, Delegación Miguel Hidalgo
05120, Cuajimapla, México D.F
FNT de México
Phone: +52 55 9177 0860
Fax: +52 55 5257 1268
Juan.Arroyuel@fnf.com