Carolina · Canovanillas · Chalets de San Fernando

Fannie Mae is foreclosing on a three-bedroom condo in Chalets de San Fernando after the borrower defaulted on a $145,500 mortgage originated with Banco Popular in 2013 at 4.25% annual interest. The estate owes $109,180.75 in principal plus accrued interest, escrow advances, late charges, and attorney fees. The property is subject to a Ley del Hogar Seguro annotation that predates the mortgage, and the court confirmed that it does not qualify as the defendants' principal residence. Compulsory mediation failed due to the absence of all heirs. The winning bidder takes the property free of junior liens but assumes the senior Hogar Seguro charge. The sale requires cash, postal money order, or certified check payable to the marshal.