Tag Archives: bank

Phone call with Carlos, the lawyer in PR

I called Carlos. 

 

Basically he doesn’t know how long it will take for the department of natural resources to do their part. (all the rest is hear-say)

 Carlos hasn’t told Alwilda yet.  Then he went off on “he doesn’t know how long she can wait”. 

BK: well she doesn’t really have a choice does she?

Carlos: They may need to sell it to someone who has the cash upfront.

BK: Why would someone buy a property that isn’t titled correctly?

Carlos: It would be the same kind of deal that it was when she bought it.

BK: What kind of deal is that?

Carlos: A cash deal

BK: Well I don’t know many people that have that much cash, is there someone else waiting to buy an un-titled/not properly titled property?

Carlos: You would be surprised, that is how we do things in the rural parts

 

Which comes back to, if a bank can’t buy it because it is missing something or there is a problem with the title I don’t see how anyone would want to buy it (unless of course they didn’t know).  Makes me wonder if Alwilda even ‘owns’ it!?!

 

I suggested that we could talk to Alwilda and maybe work something out until the bank financing goes thru and he said that is something that “she would have to decide”.
It’s tough working on something like this that you have no idea how to influence from 2000 miles away.  

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