Loíza · Palmarenas

This foreclosure auction stems from a 1988 mortgage originated with the USDA Rural Development program. The borrowers defaulted in October 2014, owing $6,350.25 in principal plus 9.5% annual interest, $3,900 in attorney fees, subsidies, and costs. The property is a single-family concrete home on a 399.813 m² lot in Urbanización Palmarenas, Loíza. The appraised value is $39,000. According to the registry study, there are no prior or preferred liens, but there is a pending litigation annotation (Anotación A) related to this same foreclosure case. The sale is subject to standard Puerto Rico judicial auction terms: cash or manager's check payable to the marshal, court confirmation, and the buyer assumes responsibility for any surviving liens. Investors should verify title status, property condition, occupancy, and access before bidding.