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This foreclosure involves a reverse mortgage on a 974-square-foot condo in Caguas Tower. The estate of the original borrower and heirs are named defendants. The lender claims $68,953 principal, $151,300 accrued interest at 7% annually through September 2025, plus escrow balances, HOA violation advances, property inspection costs, and attorney fees totaling approximately $258,000. The Department of Housing and Urban Development holds a prior reverse mortgage lien for $172,500 maturing in 2081, which survives the sale. Investors should confirm reverse mortgage mechanics, survivorship rules, occupancy status, and heir claims. The first auction opens at $115,000, below the amount owed and the HUD lien balance. Payment is cash or certified funds at closing.
Apartamento número Mil Seiscientos Uno (1601) del Edificio Caguas Tower, ubicado en la Calle “Z”, esquina Ciprés de la Urbanización Bonneville y Villa Turabo del término municipal de Caguas,, Puerto Rico · 00725
Apartment 1601 in Caguas Tower building, located at the corner of Calle Z and Cipres Street in Urbanizacion Bonneville and Villa Turabo, Caguas. The unit is on the east side of the 16th floor, facing the parking area. It has 974.82 square feet and includes a numbered parking space. The apartment represents 0.65228% of the condominium.
| Round | Date | Time | Price | vs last sale | Status |
|---|---|---|---|---|---|
First auction | Jun 1, 2026 | 9:45 AM | $115,000 | passed | |
Second auction | Jun 8, 2026 | 9:45 AM | $76,667 | passed | |
Third auction | Jun 15, 2026 | 9:45 AM | $57,500 | −39% | passed |
Recorded sale | Jun 12, 2026 | Time not recorded | $95,000 | Likely auction sale |
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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 Mar 2026.