We called Alwilda who is the current owner of the property in Puerto Rico. She said that her lawyer received some papers back from the government / title company (I am not entirely sure how it all works down there yet). Apparently this is the last paper that needs to be signed for the property to be registered/titled correctly. I sure hope so.
When we asked Cassie’s uncle about purchasing property in Puerto Rico he wasn’t entirely sure because he was licensed in particular states, his advice was to make sure you go thru the larger well known companies. I would have to say that after our first attempt at the purchase this was true. The bank has lawyers and they checked out all the property access requirements and survey/appraisal which is wonderful. They are the ones who found out that the title wasn’t setup properly.
We are getting closer to re-applying for the loan. Hopefully this time it will go thru; we asked for more time intitally (in January) and boy did we get it!
Satellite Image of PR
I was thinking about this summer / fall because I think that is when Hurricane season starts. I actually am kind of excited to experience one. People here are somewhat proud that we don’t have such disasters. But less than 10 miles away we had a pretty large tornado roll thru here, so even we aren’t ‘safe’.
Greeley/Windsor Tornado
There is also one other thing that I find really interesting and dangerous about PR. The trench to the north of the island. Well that AND the fault line.
http://en.wikipedia.org/wiki/Puerto_Rico_Trench
PR Trench
“The island of Puerto Rico lies immediately to the south of the fault zone and the trench. The trench is 800 kilometers (500 mi) long and has a maximum a depth of 8,605 meters (28,232 ft) at Milwaukee Deep, which is the deepest point in the Atlantic Ocean.”
Which is also why I am ok with not being on the beach front. If an earthquake hits apparently from what I’ve read the trench can have underwater avalanches that cause tsunamis. Although here in the mainland we have the ‘economy’ which could be way worse than any tsunami. Look at our trench!
US Trench
I dont know which is deeper? I guess I will take the one that only crashes once every hundred years (PR Trench) not every 30 (stock market).
Here and PR there are many earthquakes every day, there have been a bunch that are 3.something since we have been here. Most are in the Arecibo area. It is very common. Can’t feel them. Not at all like growing up in California! katrina
Wow, that’s crazy. I’ve never felt them either when we were down there. Of course, I’ve never been in an Earthquake like the ones you see on TV. I think if I saw stuff falling off the walls and shaking, I’d be pretty scared. Katrina and Jeff- Have you ever scuba’d down the trench at all?
http://temblor.uprm.edu/recenteqs/index.htm Check out how many there have been this week and last…katrina
That site is pretty cool that shows how many quakes there have been. Man…From what I’ve read they are just waiting for an underwater avalanche to happen in the trench. If its large enough it could cause some problems on the north side of the island.
I want my earthquake. Living in So Cal for more then 2 years I expected at least one good one by now.
Reading all your reasons for wanting to move to Puerto Rico makes me want to move out there (even though I’ve never been). In addition to great weather and food, Puerto Rico is also big on boxing – at least I think it is, they’ve had a lot of great fighters come out of there – and I’m a boxing fan.
Hey Lorena,
You should move out there too! Especially with speaking Spanish… Puerto Rico is known more for rum than tequila, but I think we could still have fun 🙂 Or if you don’t want to move, you could at least come out there and stay at our place! I don’t know about boxing, but I do know about salsa music and dancing. That will be fun too! We could do that here as well…for practice you know
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