URGENT SURVEY: What should a R.E. title inspection and corporate review cost?

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dr_sol_123

New member
Oct 7, 2005
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0
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Hi,
this is an urgent survey:

Please post what a real estate title inspection and a review of a corporation (that holds the property) should cost in the DR? (Cabarete)

Also, what exactly should be reviewed with the corporation...and where? (what government department)?...if all taxes are current?...no former employee claims?...any lawsuits?...etc, etc???...what else should be reviewed???

Please posts a Dollar amount if possible, if you have purchased any property in the DR.

Any other tips are also welcome!

Also please post any links or email addresses to any lawyers that you could recommend.

You can also email me at dr_sol_123@yahoo.com

Thanks so much for your response and help! :classic:
 
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Fabio J. Guzman

DR1 Expert
Jan 1, 2002
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252
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www.drlawyer.com
Title inspection and review of the seller's corporation are usually part of the package to purchase the property. The standard attorney fee is 1% of the purchase price. Reductions in this fee are possible if the purchase price is high (more than $500,000). On the other hand, if the purchase price is low (less than $50,000), the attorney may have a minimum fee.

Some firms, including Guzman Ariza, are willing to bill on an hourly basis instead of based on a fixed fee, if the client so desires.
 
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