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Showing posts from March, 2021

How to buy or sell a property when you are outside of Nicaragua?

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  How to buy or sell a property when you are outside of Nicaragua? To sell or buy real estate when you are outside of Nicaragua you can do it through a Power of Attorney (POA). This POA has to be granted to the person you trust and who will carry out the sale / purchase process. The POA must be signed by you personally before a Nicaraguan Notary Public in the Spanish language. What happens if you are outside of Nicaragua to grant the POA? When you are outside Nicaraguan territory, you have to grant the POA in one of these two ways: 1. In the Nicaraguan Consulate or before the Ambassador with consular functions of the country in which you are. Then the POA has to be sent to Nicaragua for its due legalization. 2. The POA can be made by a Notary of the country in which you are residing and then it must be Apostilled by the Secretary of State, depending on the State you are in the US and in other countries such as FRANCE it must be apostilled by the Court of Appeals, but in...

NICARAGUA Why is it important to verify the measurements and boundaries of a Real Estate before buying it?

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  NICARAGUA Why is it important to verify the measurements and boundaries of a Real Estate before buying it? It is important for: 1. Avoid legal problems with neighbors. 2. Find out if there are already legal problems with the neighbors. 3. To be able to register and legalize the purchase title, otherwise it will be rejected by the competent authorities. 4. Avoid additional expenses. What institutions are visited to verify the measurements and boundaries? Once we obtain the information on the property that you want to buy, you must review the seller's title and compare the information reflected in the following offices: 1. At the National Land Registry office. 2. In the Municipal Land Registry Office of the Mayor's Office. 3. At the Real Estate Registry office. What is the procedure to follow in the event of finding inconsistencies in the area and boundaries? In the case of finding inconsistencies in the measures and / or boundaries, these can be resolve...