Archive for August, 2007

FINANCIAL REPORT - PANAMA PAYING CLOSE ATTENTION TO THE US MORTGAGE CRISIS

Monday, August 20th, 2007

The experts do not see major incidences in the performance of the economy and the local credit
The mortgage markets of the EU and Panama are very different, and for that reason there is little risk of this situation becoming contagious.
Panama follows closely the crisis of the American credit market. Although, analysts [...]

US AND PANAMANIAN BANKS REQUIRE FIRE INSURANCE FOR MORTGAGE

Friday, August 10th, 2007

Home Owner’s Multi Risk or Fire Insurance
Fire Insurance covers the structure of a property - roof, walls, and ceiling. Rates depend on the material used for construction (cement, mixture of cement/wood, or wood) and the location of the property (urban or rural areas). Fire protection covers you for catastrophic damage such as earthquake, hurricane/windstorm, lightning, [...]

TITLE INSURANCE FOR INDIVIDUAL REAL ESTATE BUYER OR OWNER

Sunday, August 5th, 2007

You don’t need to search anymore; FORLACOL has the right Title Insurance Company for you!
When you include the Title Insurance FORLACOL offers in your transaction, you pay for peace of mind. Since there was no Title Insurance industry in Panama before January 2006, there is currently no standard among law firms, as there is [...]