The best way I know how to organize a closing is by stages. Nevertheless, the most important aspect of this is to establish the stage in coordination with the client and all those involved in the closing BEFORE step one is even taken. I have come to learn that a critical tool in achieving a… Read more »
Buying a home in Puerto Rico is a unique experience, to say the least. Every facet of the transaction brings with it some small wrinkle or curveball that you may not see coming. Don’t get me wrong, you’re still jumping through the same hoops and meeting the same requirements if you were to buy a… Read more »
Inheritance law can be a little bit of a tricky subject almost no matter where you are in the world. That would be fair to say of Puerto Rico as well. When it comes to bequeathing property, particularly as a foreigner living in Puerto Rico who is receiving or leaving behind real estate, there are… Read more »
Purchasing a property through an LLC has benefits and also a few implications. The purpose of this post is not to discourage anyone from using an LLC, but rather to provide information on some of its implications. First and perhaps foremost, the Puerto Rico Power Authority (“PREPA”) will want to charge your electricity at commercial… Read more »
Yesterday, I was listening to a radio show on my way home and the subject was the financial issues being faced by the Government of Puerto Rico. Of course, any subject enjoys a gama of points of view and plenty of people willing to share their opinion with the rest of us. I am doing… Read more »
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 »
You don’t have to look too hard to find reasons why purchasing a vacation home or even a primary residence in Puerto Rico is a great idea. This island nation offers up the beautiful beaches, abundant greenery, and balmy temperatures (around 80 degrees Fahrenheit year-round) that one would expect from a tropical locale. However, there… Read more »
Puerto Rico is a beautiful Caribbean island that boasts a tropical climate, lush vegetation, and a rich history and culture. It’s no surprise, then, that people from all over the world not only want to visit, but choose to purchase property in Puerto Rico, either as a primary residence or for vacation purposes. But what… Read more »
A constant challenge for my practice as a real estate lawyer, has been explaining to a non-resident of Puerto Rico how a real estate transaction in Puerto Rico works. My biggest “enemy” in doing this task, are the misconceptions some individuals have on the subject. To help you have the answers that you need, here… Read more »
hi
