Investment Services



REQUIREMENTS FOR FORECLOSURE SERVICES

GENERAL

  • When a person defaults in the payment of a loan, the Lender (Seller) can recover the money due him through the lawful process of foreclosure. Foreclosure is the system by which a person’s right to a property is terminated due to default of payment.
  • Foreclosure involves a forced sale of the property through an auction.
  • The Borrower (Buyer) must be in default of payment for at least a month before the process of foreclosure can begin.
  • The Lender (Seller) will be able to bid at the auction.
  • Most foreclosures do not involve the courts.
REQUIREMENTS FROM LENDER
  • Full name and address of the Lender
  • Full name and address of the Borrower
  • Initial Purchase Price/Loan Amount
  • Information on Default (e.g. down payment, other deposits & final payment)
  • Lawful Description of Property
  • Copy of Title (Conveyance, Land Certificate, etc.)
  • Copy of Appraisal
  • Copy of Purchase Agreement and Mortgage and any other agreement
FEES

The fee for our foreclosure service is US $1,000.00 or 5% of loan (whichever is greater), plus general sales tax, administrative costs, transportation costs and filing/research fees which are payable in advance.

This fee does not include the Advertising Costs, Appraiser’s Fee, the Auctioneer’s Fee, Title Search, Transfer of Title or any additional service.

Any additional time other than incidentals above will be charged at US $75.00 per hour plus administrative fee and general sales tax of 12.5%.

OPTIONAL SERVICES AND FEES

Title Search for Declared LandUS $ 500.00
Title Search for Undeclared LandUS $ 700.00
Purchase AgreementUS $ 500.00
Purchase Agreement with Owner’s Financing US $ 1000.00
Escrow AgreementUS $ 250.00
Escrow ServicesUS $ 500.00  (For properties that cost US $100,000. or less)
Escrow ServicesUS $1,000.00  (For properties that cost between US $100,001. and US $200,000)
Escrow ServicesUS $2,000.00  (For properties that cost between US $200,001. and US $500,000)
Escrow Services1/2% of the value  (For properties that cost more than US $500,001.)
Charge on propertyUS $ 250.00
Discharge of Charge US $ 250.00
MortgageUS $ 1,000.00
Cancellation of MortgageUS $ 500.00
Transfer of Title for Declared Land US $ 550.00
Transfer of Title for Undeclared Land US $ 750.00
Transfer of Title with Covenants US $ 1,050.00
Strata Title for CondominiumsUS $ 1,000.00per unit
First Registration for declared land US $350.00 (does not include title search and survey fee)
Payment of property taxes US $100.00per lot per year
Review of contract for recommendationsUS $ 500.00 minimum or 1/2% (whichever is greater)
  
Plus General Sales Tax of 12.5%, administrative fees and filing fees.




INTERNATIONAL SERVICES LTD.
PO Box 2284, #16 Albert Hoy Avenue, Belama Phase 1,
BELIZE CITY, BELIZE, CENTRAL AMERICA

TEL: 501-223-2077/2149 E-MAIL gomezisl@btl.net
US TEL: 954-323-8314 E-MAIL gomezislbz@yahoo.com
FAX: 501-223-5313CELLULAR: 501-610-5166
Website: www.belizeoffshoreinvestors.com


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