Home > Corporations and the Real Estate Market, The Property Registry > OWNER’S FINANCE – MORTGAGES IN PUERTO RICO

OWNER’S FINANCE – MORTGAGES IN PUERTO RICO

September 5, 2012 Leave a comment Go to comments

In my real estate practice, I have found a recurring problem regarding the cancellation of a mortgage once it has been paid in full.  These issues affect both the lender and the borrower and usually present themselves towards the end of the relationship.

Surprisingly enough, I recently participated in a closing involving a major US bank which made the same mistake I discuss in the video in reference to owners providing finance to the borrowers.   I then realized it was the bank’s lack of knowledge on the subject of how mortgages are cancelled in Puerto Rico.

Through this video I discuss these issues and the simple solutions which can avoid headaches, difficulties and save money to both parties.

  1. October 9, 2012 at 1:43 am

    Nice blog…thanks for sharing information about real estate…keep posting..
    Jeffrey T. Angley

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