Common Challenges to Obtaining a Mortgage in Puerto Rico

Posted by & filed under Mortgages.

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 »

How Does Probate Work in Puerto Rico?

Posted by & filed under Inheritance Law.

Probate works differently in every country, but if you have family or property in Puerto Rico, then you'll want to understand local laws.

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 »

Puerto Rico 2016 – A current state of affairs

Posted by & filed under News.

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.

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 »

Mortgage Lien Releases in Puerto Rico

Posted by & filed under Lien Release.

If you own, or are considering to purchase, property in Puerto Rico then it is in your best interest to understand a mortgage lien release.

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 »

Common Puerto Rican Inheritance Law Questions

Posted by & filed under Inheritance Law.

To help you better understand Puerto Rican inheritance law, we go over the most common questions asked regarding this process.

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 »

Real Estate Transactions in Puerto Rico – Some Common Misconceptions

Posted by & filed under Mortgages, Real Estate Transactions, Title Clearing.

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 »