This reverse mortgage foreclosure involves a 314.98 m² urban lot with improvements on Calle Muñoz Rivera in Carolina Pueblo. The property is encumbered by a reverse mortgage held by the U.S. Department of Housing and Urban Development for $120,000.00, maturing in 2100, which is senior to the foreclosing lien. The plaintiff, Carrington Mortgage Services LLC, is pursuing $45,590.57 in principal plus accrued interest at 4.205%, mortgage insurance premiums, hazard insurance, inspection fees, and attorney fees totaling approximately $75,000. Investors should note that HUD's reverse mortgage is a prior lien that will survive the sale, meaning the winning bidder takes the property subject to that $120,000 obligation. Title diligence, possession status, condition assessment, and confirmation of all surviving liens are essential.
Radicado en la Calle Muñoz Rivera del Municipio de Carolina,, Puerto Rico · 00985
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Urban lot on Calle Muñoz Rivera in Carolina municipality, 314.98 m². Bounded north by Bienvenido Flores, Esther Guanil, and Raúl Díaz Olivero (multiple segments totaling approx. 41.35 m); south by Sucesión de Esteban Vargas (19.48 m) and Licenciado Carlos Ribvera (10.27 m); east by Raúl Díaz Olivero (8.84 m) and Sucesión de Esteban Vargas (4.80 m); west by Calle Luis Muñoz Rivera (14.81 m). Registry: finca 62921, folio 136, tomo 1500, Carolina Sur, Carolina II.
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