I am selling a condo to someone and agreed to finance him.
His lawyer is suggesting I get a "Privilegio del Vendedor No Pagado". My lawyer thinks I should get a mortgage.
The Buyer is threatening not to go throught with the deal if he as to pay the fees to register the mortgage !
What are the disadvantages of the "Privilegio del Vendedor No Pagado" compared to an "Hypoteca"???
Thanks guys...
His lawyer is suggesting I get a "Privilegio del Vendedor No Pagado". My lawyer thinks I should get a mortgage.
The Buyer is threatening not to go throught with the deal if he as to pay the fees to register the mortgage !
What are the disadvantages of the "Privilegio del Vendedor No Pagado" compared to an "Hypoteca"???
Thanks guys...