Kortor Kamara asked:


Launch? ABSTRACTThe a policy of title insurance coverage? (TIP), specifically designed for the real estate market of Sierra Leone in December 2006, by & medical, General Insurance Company and saddle with anticlinale (USA) all'introdotto a significant milestone and a seismic shift, as in private companies Sierra Leone was finally beginning to participate in dynamic reach the market-based solutions to some of our challenges relating to the development of? s? the country?. During his remarks at the launch ceremony held at the offices of the Insurance Commission Sierra Leone (SLICOM) in Freetown, the author representing the interests of the saddle anticlinale with reference to (the USA), while encouraging the participation of dynamic Heads of business felt that? of? of? the combination of saddle anticlinale with reference to and the doctor &; General Insurance Company (MAGIC) in designing and introducing the first policy of title insurance? was intended to invoke the currently endemic acute problems in the real estate market in Sierra Leone through the use of risk management based on the conclusion of the market? . CONSTRUCTION BOOMThe that of? of the tools? civil war in Sierra Leone has announced an auction to purchase potential, the transfer of land and construction of property? private and commercial buildings in major population centers of the country. This movement is mainly from supplying thousands of Sierra Leoneans, some who have fled overseas during the civil war and is returning to the case of reconstruction, to commerce and to the infrastructure while the peace and tranquility? hours prevails throughout the country. ? full capacity? of this economic boom nell'aquisizione and construction of earth will? inevitably stymied and impedetto, if the country fails to come to undertake the reforms expressive in its system of land ownership. I come to fail to generate reforms in public land records system. Be lost to reform its laws and procedures of real estate, andFails to provide the required legal protection for land and real estate buyers, sellers and lenders. THE MINISTRY of? ? ? ? LAND while the Government with the Ministry of lands,? responsible for generation and facilitation of trade and ordered the legislature, together with procedures and methodology for the sale and transfer of immovable property, the tools used by successive governments and officials of the Ministry so far have not faced uncontrolled corruption, to fake, fraud and defects in the title in the prevailing system. Consequently, the artists of deception and some corrupt government officials are inclined to seek potential buyers of the land under the titles of ownership? fraudulent, sometimes selling the same piece of land in most a buyer. This situation? even more? acute in the city? Freetown, the BO and Kenema and Koidu, Port-Loko and Makeni where the availability? of land and houses for sale, coupled with the absence of a transparent system that documents and transfers of title insurance caused several transactions unscrupulous real estate, mostly disastrous to the financial interests of land or future home buyers. JUDICIAL prominent lawyer of overwhelmed? A reported in Freetown? recently that more than fifty percent of all cases pending in the courts are the topics of real estate title / of land that can sull'introito average between 5 – 10 years from contesting. The courts are flooded with cases where the land and property? ? been sold to multiple buyers searched without license or insurance that could provide adequate security required against loss from defective titles, liens and from space. The status quo of the above? were allowed to fester largely as a result of apathy and inertia on the part of both the executive policy, in judicial and officials in the Ministry of lands, whose inability? to innovate and meet the challenges of modernizing the antiquated and deplorable management of records of land involved as a singular monumental impediment to development that compares the current method of country.NEW? The efforts of management and particularly the minister of lands, Mr. Benjamin Davis Research back this trend by introducing policies and progressive innovations of Directors of the earth especially in track and field automation of GIS should be praised. However, only by introducing technological innovations in land administration and systems of records of the Ministry of land without a policy and a concomitant displacement regulator requiring proof of title insurance for all legal approvals and transfer of land, essentially fails a great and important tool in the recall of the risks inherent in the sale of the property. The tooth in the entire policy of modernization of land reform must ask what? as a central requirement for the purchase of title insurance is intended to protect and ensure rights of ownership? purchasers and providers of land and the preservation of investments.WHY TITLE? The title insurance differs significantly from other forms of insurance because, while most other forms of insurance as a function of entities? assumption of risk with the meeting of the risks, the primary function of title insurance? the elimination of the risks and prevention of losses caused by defects in the title. The insurance license? the response? s? of today? to introduce the transfer of property-land and real mortgages in Sierra Leone, in the twenty-first century with greater security and orderliness. As a buyer, a bank, a seller and communities? at large, the acquisition of the guarantees of insurance against title defects as possible: errors or omissions in the deedsLiens &; encumbrancesMistakes in the heirs recordsForgeryUndisclosed. The principle of the center? ? ? ? A policy of title insurance? the duty to defend against lawsuits. The title insurance protects the title of? s? of the insured? against all the controversy and in case of problems compenser? insured up to policy limit. Ci? follows that oversees insurance license? currently available through physician &; General Insurance Company in Freetown and on standard contact Policy? ? ? ? CONCLUSIONIt of PolicySellers license PolicyLenders license holder of a bill of title to land and Saddlebackre.com.Th admin @? expected that with the participation of business private company by company? insurance, offering policies of title in the property market, we can be reassuring for the elimination of most of the problems inherent in the direct system of government only. For diasporas interested in participating in the housing market in Sierra Leone, the title insurance provide? added security of insurance not only to protect their interests and investments but to search for the most importance? eliminate all foreseeable risks and prevent losses due to defects in title, in the fraud, the false and unmarketability License. is? he hoped that the current land reforms that are undertaken by the government include a central tooth filling the need for assurance of title to all the parties to a transaction of the property before the title could be transferred to law in Sierra Leone. ? ?

Clint Jhonson asked:


If you are accustomed in financial assets, particularly loans, for sure, you are very familiar about mortgages or real estate loans. Mortgages are very common. In fact, have their own industry not just in Africa but also throughout the world. But in the condition of California's financial professionals have a different system for mortgages. In fact, they have a different name for these loans. The legal documents of trust in California or the California legal documents of the trust refer to simply as instruments of mortgage? s? the stateâ. The legal documents of trust are generally originated in Scotland as a system in which loans are insured. As you see, everywhere, people normally borrow money for various purposes. Financial experts in Scotland have found a way to protect investors and lenders from borrowers who can not ever repay the debts and commitments. Apparently, many financial professionals have been inspired by the Scottish legal system of trust. In the developed and rich nation in the United States, California is the pioneer of this practice in approving the loan. Then, there are legal documents of trust in California, or legal documents in confidence. What is the difference in legal documents of trust in California or the California legal documents of the trust mortgages? The legal documents of trust in California are loans using homes or lands as collaterals or security. That means, when the borrower fails to repay the loan on time or in full during a period agreed on, he would have the option to take ownership of the loan. The legal documents of trust in California are like that, but there are more relevant characteristics. The legal documents of the California legal documents of confidence or trust California retains the titles of collaterals. The property names in the titles is not changed, but there is an agreement that in case the borrower fails to repay the loan on the date of maturity, the legal documents of trust in California or the California legal documents of the trust would have the right immediately realize foreclosure. The legal documents of confidence even in California differ in through the condition. There are parts of the condition requiring the preparation of notes to document legal advisor while in some, these notes are not necessary. The notes of legal document of trust documents are special, more like notes, which serve as evidence that the borrower has made a settlement with the California legal documents of the trust. In case of payment or complete sedimentation of the loan, the note would be? the marked? â paid completely? of? â then that would have served as a space for the extinction of the title used as security. It is not surprising that in the near future, more of the conditions would follow suit. The legal documents of the California legal documents of trust in California or trust loan is actually a different but effective in taking the structure.