[Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Receiver's Name] [Receiver's Address] [City, State, ZIP Code] Subject: Cancellation of Deed of Trust for Property in Puerto Rico Dear [Receiver's Name], I hope this letter finds you in good health and high spirits. I am writing to formally request the cancellation of the subject Deed of Trust for the property located in Puerto Rico, as per the terms and conditions agreed upon in the aforementioned agreement. This request is in accordance with the applicable laws and regulations governing the cancellation process of a Deed of Trust in Puerto Rico. [If there are different types, you can specify them. However, it is important to research and ensure accuracy in mentioning specific types of Puerto Rico Sample Letters for Cancellation of Subject Deed of Trust.] The details related to the Deed of Trust are as follows: — Property Address: [Full address of the property in Puerto Rico] — Deed of Trust Document Number: [Document number as stated in the agreement] Please be informed that all obligations, debts, and liabilities pertaining to the subject Deed of Trust have been fully satisfied and discharged. As a result, there are now pending payments or outstanding balances associated with this agreement. To initiate the process of canceling the Deed of Trust, I have enclosed all the necessary supporting documents, which include: 1. Copy of Deed of Trust: Enclosed is a copy of the original Deed of Trust between the mortgagee and mortgagor, which was recorded in the official records of Puerto Rico. 2. Proof of Satisfaction: Attached is evidence of full payment and satisfaction of all financial obligations stated in the Deed of Trust, as well as any other relevant supporting documentation confirming the cleared status. 3. Valid Identification: I have included a copy of my valid identification card or passport for verification purposes. I kindly request that you review and process this request promptly. Upon the successful cancellation of the Deed of Trust, I kindly ask that you provide me with a written confirmation acknowledging the cancellation within ten (10) business days. If there are any additional documents, fees, or prerequisites necessary for the completion of this process, please inform me promptly so that I may fulfill them accordingly. Should you require any further information or have any questions concerning this request, please do not hesitate to contact me at [Your Phone Number] or via email at [Your Email Address]. Thank you for your prompt attention to this matter. I am grateful for your assistance in facilitating the cancellation of the Deed of Trust as efficiently as possible. Yours sincerely, [Your Name]
Puerto Rico Sample Letter for Cancellation of Subject Deed of Trust
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FAQ
Notary Law is very important because unlike many places in the U.S., Puerto Rico uses notary attorneys to execute all deeds that transfer property. All public documents, affidavit, and sworn statements must be drafted by and signed by a notary attorney.
Having the right Real Estate lawyer in Puerto Rico will help you maneuver the regulations and requirements with greater ease and will allow you to move into your island home faster.
In PR, only a notary attorney (unique position for PR attorney) who originally recorded the document(s) will have the originals and can provide copies to interested parties at an additional fee. The attorney typically charges anywhere from $25.00 to $50.00.
Attention all property owners in Puerto Rico! Don't forget that your property tax bills are due at the end of this month, January 2023. As a reminder, property taxes in Puerto Rico are paid twice a year, with the first installment due at the end of June and the second at the end of January.
By visiting the Land Registry, you can verify who owns it and if the property has any charges or encumbrances.
