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This is a mortgage foreclosure for a single-family home in Sabana Gardens, Carolina. Franklin Credit Management Corporation as Servicer of Bosco IX Overseas, LLC is enforcing a $42,500 mortgage from April 2007. The balance owed is $29,411.96 principal plus 7.95% interest, costs, and 10% attorney fees. The property previously carried a 1996 mortgage to R G Mortgage Corporation for $69,939 at 7.5% interest, which was modified in 2017 to reduce the principal to $29,706.33 at 3.625% interest, maturing in 2047. The plaintiff's mortgage was then subordinated to that modified loan. The property was designated as a "hogar seguro" (protected homestead) in 2014. Investors should verify lien priority and assess title carefully, as the modified first mortgage remains in place and takes precedence over the mortgage being foreclosed. The home is on a 348 m² lot. No physical condition, occupancy, or tax details are provided.
URBANIZACIÓN SABANA GARDENS DE CAROLINA NORTE. SOLAR: 17 DE LA MANZANA 5 · 00983 · Puerto Rico
Single-family concrete home in Sabana Gardens development, Carolina Norte. Lot 17, Block 5. 348 square meters. Bounded north by public walkway (14.50 m), south by Calle 9 (14.50 m), east by Lot 18 (24 m), west by Lot 16 (24 m). Registered as finca 31,252, folio 95, tomo 587, Carolina Second Section Registry.
| Round | Date | Time | Price | vs last sale | Status |
|---|---|---|---|---|---|
First auction | Jun 10, 2026 | 11:00 AM | $42,500 | −35% | passed |
Second auction | Jun 17, 2026 | 11:00 AM | $28,333 | −56% | passed |
Third auction | Jun 25, 2026 | 11:00 AM | $21,250 | −67% | 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 Aug 2026.