Best Mortgage Lawyers in Panama

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PANAMA LEGAL BUSINESS (PANLEB)

PANAMA LEGAL BUSINESS (PANLEB)

1 hour Free Consultation
Panama City, Panama

Founded in 2012
15 people in their team
Spanish
English
French
Chinese
Italian
Welcome to Panama Legal Business, your legal ally in Panama.With over a decade of unwavering commitment, our law firm has diligently assisted numerous high net worth individuals and corporations in navigating the complexities of immigration and corporate law.Specializing in the meticulous...

Founded in 2000
10 people in their team
Spanish
English
Kovalenko & Vera is a Panamanian law firm that stands out for its commitment and dedication to providing a personalized service to all its national and international clients, in terms of legal representation and advice.Kovalenko & Vera offers a range of legal services in Panama with the...
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Kraemer and Kraemer
Panama City, Panama

Founded in 2008
30 people in their team
Spanish
English
Portuguese
Kraemer & Kraemer is a law firm in the Republic of Panama, assisting companies and individual investors with establishing commercial operations in Panama, from basic to regulated activities, as well as general legal affairs within Immigration, Taxation, Business, Real Estate, Trademarks,...
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PGS ATTORNEYS

PGS ATTORNEYS

15 minutes Free Consultation
Panama City, Panama

Founded in 2008
25 people in their team
English
Spanish
PGS Attorneys is a full-service law firm. The firm specializes in corporate and commercial legal services, immigration, real estate, litigation, estate planning, protection, and tax law. Their group also includes a realty company. Our legal practice includes areas such as: Real Estate Legal...
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Molina & Co
Panama City, Panama

Founded in 1980
8 people in their team
English
Molina & Co. Law and Business Strategy ConsultantsAt Molina & Co., we stand at the forefront of law and business strategy in the Republic of Panama, renowned for our leadership in corporate and legal consultancy. Our expertise is rooted in the comprehensive development and management of...
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Panama City, Panama

Founded in 1940
English
Vallarino, Vallarino & Garcรญa-Maritano (VV&GM) is a distinguished law firm based in Panama, offering a comprehensive range of legal services with a focus on commercial and international law. The firm's practice areas encompass trusts and foundations, ship registration and finance, real estate law,...
Studio Panama Italia
Panama City, Panama

Founded in 1989
56 people in their team
English
Studio Panama Italia stands as a beacon of comprehensive legal expertise in Panama, specializing in a wide array of services that include administrative law, business management consulting, immigration, real estate, and tax consulting. The firm's seasoned attorneys and consultants bring a wealth of...
Lamboglia Law
Panama City, Panama

Founded in 2022
50 people in their team
Spanish
English
Attorneys in panama with more than 30 years of experience. Specialized in immigration, civil, labor, environmental, corporate and real estate law.Attorneys in panama with more than 30 years of experience. Specialized in immigration, civil, labor, environmental, corporate and real estate...
Attorneys-at-law Lombardi Aguilar Group

Attorneys-at-law Lombardi Aguilar Group

30 minutes Free Consultation
Panama City, Panama

Founded in 2006
5 people in their team
Spanish
English
German
French
Italian
Lombardi Aguilar Group is an international business law firm in Panama. The attorneys at our firm provide their clients fast, innovative and effective solutions to their business challenges. The firm provides services to individual and corporate clients in Panama as well as in the Americas, Europe,...
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About Mortgage Law in Panama:

Mortgage law in Panama is regulated by the Panamanian Civil Code and the Mortgage Law of 1970. In Panama, a mortgage is a form of security interest in real property granted to a lender to secure the repayment of a loan. This means that if the borrower fails to repay the loan, the lender has the right to foreclose on the property and sell it to recover the amount owed.

Why You May Need a Lawyer:

You may need a lawyer for various reasons related to mortgages in Panama. Some common situations where legal assistance may be necessary include negotiating mortgage terms, reviewing loan agreements, resolving disputes with the lender, and handling foreclosure proceedings.

Local Laws Overview:

Some key aspects of local laws that are particularly relevant to mortgages in Panama include the registration of mortgages with the Public Registry, the requirement for notarization of mortgage documents, the timeframe for foreclosure proceedings, and the rights and obligations of both borrowers and lenders.

Frequently Asked Questions:

1. Can foreigners get a mortgage in Panama?

Yes, foreigners can get a mortgage in Panama, but they may be subject to certain restrictions depending on their residency status.

2. What is the typical interest rate for mortgages in Panama?

The interest rate for mortgages in Panama can vary, but it typically ranges from 4% to 8%.

3. How long does it take to complete a mortgage transaction in Panama?

The time to complete a mortgage transaction in Panama can vary, but it typically takes around 30 to 60 days.

4. What are the requirements for obtaining a mortgage in Panama?

Some requirements for obtaining a mortgage in Panama include proof of income, a good credit score, and a down payment.

5. Can I refinance my mortgage in Panama?

Yes, you can refinance your mortgage in Panama, but you may need to meet certain criteria set by the lender.

6. What is the maximum loan-to-value ratio for mortgages in Panama?

The maximum loan-to-value ratio for mortgages in Panama is typically around 70% to 80% of the property's appraised value.

7. What happens if I default on my mortgage in Panama?

If you default on your mortgage in Panama, the lender has the right to initiate foreclosure proceedings to recover the amount owed.

8. Are there any tax implications associated with mortgages in Panama?

Yes, there are tax implications associated with mortgages in Panama, including property taxes and stamp duty on mortgage documents.

9. Can I pay off my mortgage early in Panama?

Yes, you can pay off your mortgage early in Panama, but you may be subject to prepayment penalties set by the lender.

10. What are the steps involved in the foreclosure process in Panama?

The foreclosure process in Panama typically involves the initiation of legal proceedings, notification to the borrower, and eventually the sale of the property to recover the amount owed.

Additional Resources:

For more information on mortgages in Panama, you can contact the Panama Banking Association or consult with a local real estate attorney.

Next Steps:

If you need legal assistance with a mortgage in Panama, it is advisable to contact a qualified attorney who specializes in real estate law. They can guide you through the process, ensure that your rights are protected, and help you achieve a favorable outcome.

Lawzana helps you find the best lawyers and law firms in Panama through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Mortgage, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Panama - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.