Deslinde Panic

[Hooley]

This is a follow on question on other question.

I signed a land purchase contract in April 2007.

In April 2008 the contact was rejected when I went to file for title as the spouse of the lawyer on title had not signed the contract.

I am now encouraging the spouse of the lawyer to sign an appendix of the orginial contract.

Should I be in a panic to get her to sign before April 1 , 2009 when the new laws come in to effect?

[NotLurking]

Originally Posted by Hooley

Should I be in a panic to get her to sign before April 1 , 2009 when the new laws come in to effect?

I think you should be! The new Property Registry Law (Law #108-05) does not provide for any exception to the law and appears to be retroactive after the grace period has expired.

Originally Posted by Fabio J. Guzman

As mentioned, beginning April 4, 2009, real estate transaction of non-“deslinded” properties will be prohibited. Our recommendation, therefore, is for you to check if you own any property without a deslinde, and if you do, or are not sure if you do or not, contact your real estate attorney in order to assist you in this matter.

Source: Deslindes will be mandatory beginning April 2009

NotLurking