A lien, including a mortgage lien, is an arrangement where one party cedes equity or a stake on a piece of property in exchange for a loan and only regains full control of said property back once their debt has been paid in full. Mortgages aren’t commonly perceived as a lien, but in essence that’s… Read more »
Mortgages are the most common lien encumbering properties in Puerto Rico. Through this video I discuss the basics of clearing a property from a mortgage lien. Yours, Santiago F. Lampón
In our real estate practice at Lampón & Associates we regularly deal with entities and individual clients, who during the course of their business become accustomed to handling real estate transactions in the United States and other countries of the world. When the time comes to perform a real estate transaction in Puerto Rico, the… Read more »
The term “clearing services” is not commonly used in Puerto Rico when referring to a real estate transaction. As a matter of fact, unless one is deeply submerge in real estate transactions which are handled in the English language, the term is not used at all. In Spanish, we do use the term “título limpio”… Read more »
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