Comment history

sdhouse says...

Well this maybe generally thought OK with legitimate attorneys and real estate agents for bona fide transactions. However, there is still land fraud in The Bahamas, particularly in the Family Islands with several parties sometimes being complicit at the expense of genuine and innocent land owners. These parties then have to revert to the courts at their expense just to keep hold of their own land! This has to stop otherwise The Bahamas will continue to have a poor reputation relating tom real estate.

The only way to stop the fraud and speed-up the transaction process (ignoring the requirement to establish source of funds etc) is to get the Land Registry into the current century and have automatic double check that stop the fraud in their tracks. UK. Europe and US have these systems - The Bahamas has to catch-up quickly.