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This is a reverse mortgage foreclosure auction on a ninth-floor condominium apartment in Carolina. Federal National Mortgage Association is foreclosing to collect $149,393.11 in principal plus accrued interest, mortgage insurance premiums, property taxes, hazard insurance, maintenance fees, and attorney costs. The balance owed includes $87,405.49 in interest as of October 2025, continuing at 3.526% annually, plus $11,400.63 mortgage insurance, $6,825 servicing charges, $5,647.21 taxes, $984.37 hazard insurance, $825 appraisals, $1,775 inspections, $750 maintenance, and $7,073.90 attorney fee advances. The original reverse mortgage was for $322,500, maturing February 2092, and appears as a subordinate lien on the property. Investors should confirm title, possession status, estate administration status for both decedents, lien priority, maintenance arrears, and occupancy before bidding.
This is not the first auction round. Bidicua may not know whether the property was already sold at an earlier round. Confirm directly with the court before bidding.
1 Calle Hermanos Rodriguez Ema, Apt. 901 · 00979 · Puerto Rico
Ninth-floor condominium apartment 901 in Mundo Feliz Tower No. 1 (Baldorioty Terraces Towers No. 1), Hato Cangrejos Arriba ward, facing Baldorioty de Castro Avenue, Carolina. The unit measures 1,367.20 square feet (127.02 square meters) with three bedrooms (master with walk-in closet and bathroom, two with closets), two additional bathrooms, living-dining room, hall, linen closet, kitchen, and balcony. Includes assigned parking space 67. Boundaries: north 55'3" exterior space via exterior wall and balcony railing; south 55'3" apartment 902, ventilation shafts, and common corridor via bearing wall and entrance door; east 32'8" exterior space via bearing walls and balcony railing; west 32'8" apartment 903 via bearing wall and common corridor.
| Round | Date | Time | Price | Status |
|---|---|---|---|---|
First auction | Sep 2, 2026 | 9:45 AM | $322,500 | passed |
Second auction | Sep 10, 2026 | 9:45 AM | $215,000 | passed |
Third auction | Sep 17, 2026 | 9:45 AM | $161,250 | current round |
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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 May 2026.