Mantua, NJ asked in Real Estate Law for Puerto Rico

Q: My father has a property in Puerto Rico and died in January 2017. My father lived in New Jersey and left a will.

What steps do I need to take now to sell the house and what are the fees associated with this?

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1 Lawyer Answer
Ramon Olivencia, Esq.
Ramon Olivencia, Esq.
Answered
  • San Juan, PR
  • Licensed in Puerto Rico

A: It´s difficult to offer an estimate without first looking at the details of your case, particularly the will and the details of the real estate. There are a number of steps to take by the attorney, which, in a nutshell, are: 1) validation of the will, 2) Inheritance Estate Form with the PR Treasury Department, 3) transfer of ownership at the Property Registry and, finally, 4) at the "CRIM" (property tax agency). Some attorneys charge a percentage, others a flat fee and some go by the hour. After the inheritance is done, then a whole new process needs to be done for the sale.

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