THE DOMINICAN REPUBLIC TITLE SYSTEM
Unlike many Caribbean countries, the title system in the DR is similar to what people are used to in Europe and North America. Titles are registered to the purchaser(s) of any property, on both the land and building, or in the case of a condo, on the individual unit. There are no "bank trusts" or "leases" on properties, you are the registered owner.
TITLE INSURANCE GUARANTEE
Defined broadly as a contract of indemnity that, for a single premium, protects the insured, up to a sum, against defects, liens or encumbrances on a real estate title. These include risks like fraud, forgery or identity fraud, alteration or loss of title documentation, local planning issues and clerical and typographical errors affecting title.
Title insurance in the Dominican Republic is provided by Stewart Title, the world's most repsected title insurer. In addition, Stewart Title can also handle a client's legal repsonsibilities (in place of a local lawyer), and client's can use Stewart Title's account for deposits on property as well. You can visit their website at: http://www.stewart.com.