Arecibo · Hato Debajo · Los Mirasoles

Banco Popular is foreclosing on a single-family home in Urbanización Los Mirasoles, Arecibo, originally owned by the late Lydia Olivero Mercado. The estate involves two deceased heirs and multiple successors, including surviving spouses, children, and unknown heirs. The balance owed is $41,927.57 in principal plus 6.5% annual interest from February 1, 2018, along with $5,541.90 in costs and attorney fees, plus ongoing monthly charges. The property carries a subordinate $15,000 lien from the Puerto Rico Housing Finance Authority, which was postponed in favor of the enforcing mortgage. Title status involves complex succession issues across multiple generations. Investors should conduct thorough title and heirship diligence, verify occupancy and possession risk given the estate context, confirm tax and municipal lien status, and assess the property's physical condition. The auction requires cash, postal money order, or certified check payable to the court marshal at the time of sale.