This is a mortgage foreclosure auction enforced by Phalanx Capital Series 5 Real Estate LLC against married defendants Alexander Rivera Figueroa and Nitza Milagros Bonilla Zea. The property is a residential lot with a house in Urbanización Vista Lago, Gurabo, measuring 550 square meters. The principal balance owed is $249,197.31 plus accrued interest. The property is encumbered by the mortgage being foreclosed (originally $262,120.00 at 6.375% annually, originated with Doral Mortgage LLC, maturing July 1, 2038). Three subordinate liens exist: a second Doral mortgage for $64,890.00, a third mortgage to Banco de Desarrollo Económico de Puerto Rico for $56,000.00 at 2% interest, and a lis pendens from a 2013 lawsuit. Investors should confirm lien priority, title status, occupancy, taxes, and whether subordinate creditors or prior liens survive the sale.
Lot 78 Calle 4, Urb. Vistalago · 00778 · Puerto Rico
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Property registered in the Gurabo Registry, Karibe volume, finca number 21,574. No street address or development name provided in the edicto.
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