Legal Update Volume 2016, Number 4

Cooperativa de Ahorro y Crédito Oriental v. Consejo de Titulares Cond. Beach Village; Palmas del Mar Homeowners Association, Inc.;,   2016 TSPR 79 ; 195 DPR ____  

In one of it’s latest decisions, the Puerto Rico Supreme Court has decided that a mortgage creditor who gains possession of a property through a nonrecourse debt, should be considered as voluntary title holder under Puerto Rico’s Condominium Law and or under the Puerto Rico’s Control Access Law; and as such is solitarily responsible for any maintenance debt and or common property debt that said property has at the time of the property acquisition.

For more information, feel free to contact Ignacio Gorrin Maldonado, Esq.

Leave a comment

Your email address will not be published. Required fields are marked *