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This foreclosure auction involves a residential property in Villa Los Santos, Arecibo, originally financed through a reverse mortgage held by HUD for $117,000. The estate of William Gonzalez Gonzalez, including five named heirs and unknown heirs, is being foreclosed upon by LLACG Community Investment Fund. The estate owes $151,672.17 in principal plus $4,807.14 in accrued interest at 7% annually, plus attorney fees of $11,700. A prior HUD reverse mortgage lien of $117,000 appears on title and will survive the sale as a preferred lien. The minimum bid at the first auction is set at $117,000, matching the original reverse mortgage amount. Bidders accept all prior liens and step into the borrower's obligations. The property is a concrete structure on a 373.85 m² rural parcel. Investors should verify the reverse mortgage status, estate administration, tax liens, occupancy, and title priority before bidding.
URB. VILLA LOS SANTOS, R1 CALLE 13 · 00612 · Puerto Rico
Rural parcel R-1 in the Villa Los Santos Cooperative Housing Project, Barrio Hato Abajo, Arecibo. The 373.85 m² lot is bounded north by Calle #13, south by Extensión Villa Los Santos, east by lot R-2, and west by Calle #9. A concrete structure sits on the parcel. Registered as Finca 37,219 in Arecibo Registry Section I.
| Round | Date | Time | Price | Status |
|---|---|---|---|---|
First auction | Aug 12, 2026 | 9:00 AM | $117,000 | passed |
Second auction | Aug 19, 2026 | 9:00 AM | $78,000 | passed |
Third auction | Aug 26, 2026 | 9:00 AM | $58,500 | passed |
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View pricingThis sample combines multiple recorded sources, including any likely auction transfer inferred from a public record dated within nine months after a scheduled auction. Transactions below $25,000 are excluded from market statistics. Directional confidence. Use this sample as market context. It is not a complete sales ledger. Sample refreshed Jul 2026.