Crobeco, the Online Platform For International Real Estate Transactions

2/12/2014 – El Mundo

ELRA: European Land Registry Association, to which the Colegio de Registradores de España (the Spanish Registrars School) also belongs, has run a project called Crobeco (Cross Border e-Conveyancing) to facilitate online real estate transfers.

The non-profit organization said in a statement that the new online platform will use electronic signatures in processing acquisition documents. The signatures will serve for the parties’ identification purposes.

The project is financed from the EU funds. Crobeco’s manager Wim Louwman assured ‘the system streamlines the process, enhances legal security of the real estate transactions and acts in favor of free document circulation’.

 

Original article: El Mundo

Translation: AURA REE

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