March 6, 2007 – On February 12, 2007, Stewart Title Baja with the State of Sonora and Impulsor formed a strategic alliance and signed a Collaboration Agreement with the Governor of Sonora, MR. EDUARDO BOURS CASTELO for the Sonora Coastal Highway Project.
“This collaboration is a ground-breaking strategy that will act as a principal driver for real estate investment and development in Sonora by elevating the standards and providing the tools for a secure transaction,” said Oscar Lara, General Manager of Stewart Title Baja.
Stewart Title Baja and Governor EDUARDO BOURS CASTELO believe that the benefits of this agreement will allow Impulsor to promote, buy or sell land with higher standards, creating safer investment for foreigners and nationals. Stewart Title Baja will conduct property title investigation services on all the properties of the Sonora Coastal Highway Project managed by Impulsor.
Guests included the Mayor of Guaymas, Antonio Astiazaran; Mayor of Hermosillo, Ernesto Gándara; Mayor of Puerto Peñasco, Heriberto Renteria; Vice President of Impulsor, Ricardo Bours; and Coordinator of the Coastal Highway, Oscar Lopez.
Stewart Baja is a wholly owned subsidiary of Stewart Title Latin America. As a service provider for Stewart Title Guaranty de México S.A. de C.V., Stewart Title Baja provides a suite of services, enhancing local real estate transaction processes. Their services include real estate information, escrow services, closing coordination, online file management and other administrative services necessary for real estate closing.
“Our services have become a key driver to attract foreign direct investment to the region, which will ultimately promote much-needed growth and prosperity in these emerging markets," said Carlos Gonzalez, Chairman of Stewart Title Latin America.
About Stewart Title Latin America
Stewart Title Latin America, with offices in Mexico, Central America and the Caribbean, provides customers with a suite of services that add transparency, security and peace of mind to real estate transactions. Stewart Title Guaranty de Mexico S.A. de C.V. is the only licensed title insurer in Mexico and a wholly owned subsidiary of Stewart Title Guaranty Company of Houston, Texas. www.stewarttitlelatinamerica.com
Stewart Title Guaranty Co. is a wholly owned subsidiary of Stewart Information Services Corp. (NYSE-STC), a customer-oriented, technology-driven, strategically competitive, real estate information and transaction management company. Stewart provides title insurance and related information services required for settlement by the real estate and mortgage industries through more than 9,500 policy-issuing offices and agencies in the United States and international markets. Stewart also provides post-closing lender services, automated county clerk land records, property ownership mapping, geographic information systems, property information reports, flood certificates, document preparation, background checks and expertise in tax-deferred exchanges. More information can be found at www.stewart.com.