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If the debtor issues mortgage letters (“letras hipotecarias”), the mortgagee may realise it by private procedure without the contribution of the debtor. The mortgagee may: a) request directly to the register the issuance of a second copy of the deed; or b) require the payment of the debts that exist on the property regarding ordinary expenses, taxes and fees that weigh on the property.
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Important Real Estate Update for Property Owners: U.S. Senate Passes Mortgage Debt Forgiveness Congress has extended the mortgage forgiveness debt act, which protects forgiven debt in short UPDATE: Congress has adjourned for 2016 without extending the Mortgage Forgiveness Debt Act Originally passed in 2007, the act protects underwater homeowners from incurring tax bills on the.
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