P.R. Laws tit. 21, § 5944
(a) The person who owned the real property sold at auction, his/her heirs or assigns, can redeem the same within the term of thirty (30) days from the date of receipt of the notice of the results of the auction by paying the purchaser, his/her heirs or assigns, the total amount of the price paid, plus the cost of improvements and expenses incurred by the purchaser, if any, together with the fees accrued and taxes due up to the date of the redemption, to which twenty percent (20%) of all of the above shall be added as compensation to the purchaser.
(b) In order to redeem any property, the interested person must send a notice by certified mail, return receipt requested, to the owner of the certificate of purchase as stated in the notice sent pursuant to § 5940 of this title. The price of redemption shall be paid up within fifteen (15) days from the date the redemption notice was sent. If the owner of the certificate of purchase is not found, or if he/she should refuse to accept the redemption, the person interested in redeeming the property shall consign the price of redemption with the court before the expiration of said term, pursuant to the procedure for consignment provided in §§ 3180–3185 of this title.
(c) Once the price of the redemption has been paid, the person who redeems the property shall be entitled to receive from the purchaser, his heirs or assigns, the certificate of purchase mentioned in § 5943 of this title. The back of the purchase certificate shall contain a statement before a notary public indicating that the price of redemption was received. The person who redeems the property shall pay the notary public’s fee.
(d) The endorsement on the back of the certificate of purchase shall have the effect of a receipt of payment for all the claims of the owner of the certificate of purchase on the title of the real property. The person who redeems the property shall present the endorsed certificate of purchase at the Property Registry to be registered after paying the corresponding fees.
(e) The property thus redeemed shall be subject to all burdens, encumbrances, and legal claims against it, except for the credits for tax debts transferred to the same degree and form as if said property had not been sold.
History —June 26, 1997, No. 21, § 26.