answered on Jul 6, 2023
The 33% legal fees arise from Act 9 of August 8, 1974, 4 L.P.R.A. § 742, which establishes that an attorney may not charge more than 25% in the case of minors or legally incapacitated adults, and no more than 33% legal fees in the rest of the personal injury cases. Nevertheless, in Coop de Ahorro... View More 
answered on Jul 6, 2023
My first stop would be with the Property Registry. Request a registry certification with tract history for the property. You'll need the lot ("finca") number and the demarcation (where the property is located), and it'll let you know if the property has been foreclosed and... View More
My father who was a resident of Puerto Rico passed away. He had a house where the mortgage was more than the value of the house. The house is going into foreclosure and will likely not bring much money. Am I responsible for that debt or does the debt stop with the value of the estate?
answered on Jul 6, 2023
The Rule of Law in Puerto Rico for hereditary estates is that the heirs, having accepted their inheritance, subrogate themselves in the deceased place regarding the estate's assets and liabilities. If an estate is more debt than assets, the heirs may repudiate their inheritance. Be advised... View More
bank hasnt been able to help. I need this letter asap. The home is located in Puerto rico
answered on Jun 9, 2019
Hello and thank you for using JUSTIA. A foreclouser letter is sent by the financial institution. The foreclosure process is done by a financial institution against the borrower in the Superior Court of the location of the Property. As part of the claim, the foreclosure letter needs to be included... View More
The bank is saying the five living sister's are responsible for the bank note even though no one lives there or wants the home.
answered on Jun 11, 2018
Good evening and thank you for using JUSTIA. Yes the bank can file suit against all the inheritors. However the inheritors can contact the bank and inform them that the inheritors do not accept the inheritance thus they will not be responsible for the note. The bank will then inform you on how to... View More
answered on Jan 11, 2017
No, you can work the modification directly with the financial institution.
But we strongly recommend that before you sign the papers, consult with a lawyer to make sure you are in the right path.
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