Puerto Rico Foreclosure Law and Procedure

Here is a summary of foreclosure laws and rules for the Commonwealth of Puerto Rico:

  • Lenders typically use a mortgage and foreclose judicially.
  • Homeowner must be given 20 days to cure the default before the foreclosure process may begin.
  • After the time to cure the default expires, the lender files a brief in court which gives the homeowner an additional 30 days to pay claims and costs.
  • The homeowner is given 20 days to file objections, and the lender has 10 days to respond.
  • After the period to file objections and respond has passed the property is sold at auction.
  • There is no statutory right of redemption. The sale must be confirmed by the court
If you are interested in reading the actual statutes relevant to mortgage and foreclosure in Puerto Rico those laws are available online.
Learn more about what the above procedures and rules mean. Review the homeowner foreclosure guide on this website.

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