Description
- After a divorce, if there is real estate in common, it is necessary to make its liquidation or transfer.
- It is also known as "liquidation of community property" or "assignment of rights".
Steps to follow
Divorce Judgment
- Send us a copy of the divorce decree by completing the form at the bottom of this page.
- If you do not have the copy, we can request a certified copy for you. The process takes approximately 30 days.
Title Study
- We will verify the title at the Property Registry to ensure that everything is in order.
Mortgages
- The mortgage is not automatically transferred.
- You must follow the procedures indicated by your financial institution.
- Send us the instructions received from the financial institution to evaluate your case.
Document Preparation
- Based on the Judgment, we will determine if a new deed is needed or if an "Instancia" should simply be filed with the Land Registry.
Change of Ownership at CRIM
- We will file the change of ownership application at the Municipal Revenue Collection Center (CRIM).
- If a new deed is prepared, the attorney will also file a "Form Real Estate Transfer Information" with the Department of Revenue.
Costs
- They vary on a case-by-case basis and are charged at a flat rate, not on an hourly basis.
- Customers know the total cost in advance.
Online Procedures
- Being an online law firm, we work all the preparation through email.
- Customers outside of Puerto Rico save on travel and lodging expenses.
Conclusion
- At Abogado Notario Online, we take care of the entire process.
FORM FOR EVALUATION OF LIQUIDATION OF COMMUNITY PROPERTY:
