Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Mortgage Brokers & Lenders
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

7
Posts
1
Votes
Enrique Caceres Jr
  • Flushing, NY
1
Votes |
7
Posts

Real Estate help in Puerto Rico

Enrique Caceres Jr
  • Flushing, NY
Posted

Hello everyone, I was wondering if you could refer me to a good real estate lawyer in Puerto Rico. (a little background) I recently became interested in real estate investing and have been doing a lot of self education. Shortly after this I asked my mother how she was fairing in her home. She retired from the US postal service to her hometown of Gurabo, PR in 2009. She was never a home owner and new nothing about the process and I myself was in the military at the time and could provide no help. She began to tell me a horror story where she seems to have fallen victim to some shady dealings. The house appraised for 180k in 2005. She paid 245k. She didn't find this out until recently, it wasn't disclosed to her that the home appraised so low. Doral bank (the original mortgage bank) went under and she received a letter from Banco Popular saying they now have the note. She hasn't missed a payment and had great credit (809). But she then found out her mortgage rate was 6%. My heart is breaking and I want to put her in touch with a trustworthy lawyer in her area which I would gladly pay for. At a minimum maybe the attorney could explain what happened and what recourse she has, if any. Even if her best bet is for me to purchase the home or let t go into foreclosure. I thankful for any help I get with this.

Loading replies...