TITLE SEARCH A title search is a document prepared after a research is performed at the Property Registry by a duly qualified professional that is trained to perform these specialized searches and that will contain the following information: The legal description of the property (with its Area and boundaries) The name of the owner as [...]
Archive for the ‘(Ba) Real Estate Articles & News’ Category
October 06, 2010 | 13 Comments
10-06-2010 UPDATE-PR Economic Recovery Plan
UPDATE- HOUSING INCENTIVE PROGRAM The Nuevo Día newspaper, published on 10/2/10 on its business section an article by R. Banuchi that states that Puerto Rico’s Governor, Hon. Luis Fortuño has confirmed that on its first month the new “Law for Incentives in the Selling and Purchasing of Real Estate Properties” has already been responsible for: [...]
September 12, 2010 | 14 Comments
REAL ESTATE CONTRACTS AND THE REQUIREMENTS OF A PUBLIC DEED IN PUERTO RICO
REAL ESTATE CONTRACTS AND THE REQUIREMENTS OF A PUBLIC DEED IN PUERTO RICO The basic fact is that in Puerto Rico, as in other jurisdictions within the USA, a contract is formalized or enforceable between the parties when the basic requirements or elements of a contract exist. Although the specific requirements may vary from one [...]
September 06, 2010 | 185 Comments
The Power of Attorney at a Mortgage Closing!
“THE POWER OF ATTORNEY AT A MORTGAGE CLOSING” The power of attorney is an official authorization to act on someone else’s behalf in a legal or business matter. The person authorizing the other to act is the principal of the power, and the one authorized to act is the agent. In the case of a [...]
August 29, 2010 | 115 Comments
Puerto Rico’s “Property Tax Abstract”, Read All About It, “Could it help your State?” …
Real Estate Taxes in Puerto Rico; Real Estate taxes in Puerto Rico are established by the different municipalities (Counties), but once the individual municipalities establish the tax rates to be charged it is the responsibility of the …
August 24, 2010 | 34 Comments
The Benefit of Working Through a Real Estate Broker ….
Why the #*+^@? Do I need a Real Estate Broker! …”This is the most common comment we hear, specially now in the 21st century when all the information is on the web (By The Owner!)”. Please allow us to give you some basic information, and let you consider it, so that you will be able [...]
August 20, 2010 | 62 Comments
PR In First Row With Robust Economic Recovery Plan!…Read all about it! …
PR In First Row With Robust Economic Recovery Plan!…
August 19, 2010 | 116 Comments
Changes in F.H.A. Rulings – Imp!
CHICAGO (MarketWatch) — Consumers looking for home loans backed by the Federal Housing Administration will face tougher hurdles and higher costs under new legislation and new rules that could take effect as soon as this month. Higher monthly fees, larger down payments and better credit scores are among the new initiatives intended to insure that [...]
August 07, 2010 | 52 Comments
P.R. Economic Outlook! ….
Economic outlook for the 2010-2011 fiscal year, as per J.L. Carmona article at page 8, of Caribbean Business article of 8/5/2010 is confusing, to say the least. The article indicates the following: Economists from Scotiabank Group said the Puerto Rican economy is on the path toward a “dramatic turnaround and a 2.5% growth for fiscal [...]
August 03, 2010 | 138 Comments
R.E. Properties Drop in Value!, Should you Sell Now? ….
LAST MINUTE NEWS! “El Nuevo Dia” published on August 2, this year, an article titled “Properties Loose Value”. In said article they indicate the following: Residential Properties in PR have dropped 25% of their values, Experts believe that market has not yet touched bottom, That time table for market recuperation is estimated to be 10 to [...]
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