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This is a mortgage foreclosure and debt collection action by Banco Popular against the estate of Jesús Manuel Rivera Verdejo and co-owner Emilia Alamo Aguayo. The property is a three-bedroom condominium apartment in Portales de Carolina, unit 437. The balance owed is $20,014.50 principal plus 7% annual interest from May 1, 2025, plus $6,510.00 in attorney fees and costs. Investors should note two significant encumbrances: a prior municipal mortgage to the Municipality of Carolina for $16,420.00 (inscription 2) with a deed restriction prohibiting sale without municipal written consent, and a condominium lien for $3,425.74 plus interest (annotation of embargo, inscription 4). These prior liens will survive the foreclosure sale. The successful bidder assumes responsibility for these encumbrances and must satisfy the municipal consent requirement before any future transfer.
Cond Portales de Carolina Apt 437 · 00985 · Puerto Rico
Apartment 437, two-story unit on the 4th and 5th floors of Condominio Portales del Parque Escorial in Carolina. Irregular shape, 1,166.14 sq ft (108.34 m2). First floor bounded north by exterior common area (17 ft max), south by hallway/exterior common area (17 ft max), east by apartment 438 (30 ft 6 in max), west by apartment 436 (30 ft 6 in max). Second floor bounded north and south by exterior common areas (17 ft max each), east by apartment 438 (35 ft max), west by apartment 436 (35 ft max). Entry on south side. Includes living-dining, kitchen, balcony, 3 bedrooms, 1.5 baths, and one parking space. 0.7814% interest in common elements. Finca 52741, folio 126, tomo 1229, Carolina Sur, Carolina II registry.
| Round | Date | Time | Price | Status |
|---|---|---|---|---|
First auction | Jul 9, 2026 | 10:00 AM | $65,100 | passed |
Second auction | Jul 16, 2026 | 10:00 AM | $43,400 | passed |
Third auction | Jul 23, 2026 | 10:00 AM | $32,550 | 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 May 2026.