Workout, Foreclosures & Transfers
Real Estate Acquisitions
Real Estate Sales
Our Real Estate and Notarial Practice focuses on representing financial institutions, creditors, private equity funds, purchasers and sellers in a myriad of transactions including workouts and restructurings, foreclosures, transfers, purchases and sales across the full spectrum of real estate assets. We also draw on the knowledge and experience of attorneys throughout our firm to meet our clients’ business objectives, including lawyers from diverse practice areas such as insolvency, bankruptcy, securities and commercial litigation, intellectual property, and financial institutions. Where appropriate, we include as members of our client teams our colleagues with focused industry knowledge.
Workout, Foreclosures, and Transfers
The economy has changed dramatically in Puerto Rico over the last ten years with a marked increase in the number of defaults, workouts, bankruptcies, and foreclosures in the commercial real estate market.
Our team interacts closely and effectively with our other practice teams in the pertinent phases of distressed commercial bankruptcies, litigation, and workouts. Our team provides deep knowledge and advise on real estate and title issues through the negotiations and resolutions of forbearance agreements, bankruptcy transactions, judicial foreclosures and receiverships. On the transactional side, our representation encompasses all aspects of insolvency proceedings including forbearance agreements, structured settlements, deeds “in lieu”, deeded judicial sales and acquisitions, lien priority and cancellation. We also regularly represent and advise purchasers and sellers in the purchase and sale of secured or REO property.
Real Estate Acquisitions and Sales
Our real estate attorneys provide thorough analysis of all real property transactions to find and create solutions to clear tract and title issues in the Registry of the Property, as well as to perfect collateral through the evaluation, constitution, and cancellation of liens and encumbrances affecting the property. Our team counsels both purchasers and sellers on key aspects of real estate acquisition and disposition including representation and advise on transfer title and constitution of mortgages, easements, restrictive covenants, leasehold estates, and/or surface rights.