Loíza

This is a mortgage foreclosure auction on a 10.57-cuerda rural parcel in Lomas Ward, Loíza (listed address Canóvanas). The property is being foreclosed by GITSIT Solutions as trustee for GV Trust 2025-1. The borrower, Juan Bautista Luquis Santiago (under multiple name variations), has died and the estate is in succession with unknown heirs. The balance owed is $464,436.63 plus 5.06% interest from April 2019, plus servicing charges, insurance premiums, costs, and $39,000 in attorney fees. The mortgage was originated in 2012. A prior foreclosure action was filed in 2014 by Urban Financial of America LLC on the same mortgage with a principal of $390,000. The property includes a concrete house (20x30 feet), water tank, and a wooden/zinc shed. Title shows two subsequent litigation annotations. The auction will proceed free of junior liens, but bidders accept responsibility for any senior or preferred encumbrances, though the registry indicates none exist prior to the mortgage.