Corozal · Palmarito

This is a judicial foreclosure sale brought by the mortgage lender to collect on a judgment for a principal of $298,300 plus agreed interest. Four rural parcels in Barrio Palmarito, Corozal, will be sold together ("en bloque") because the debtors subdivided the original mortgaged parcel without the lender's consent; the notice says the mortgages continue to encumber each resulting parcel. The parcels include a remainder tract with four buildings, a lot with a wood-and-concrete house, and two small strips. The notice states no preferential (prior) liens on any parcel. The two mortgages being foreclosed ($100,000 and $120,000) set the minimum bid. A later $257,000 mortgage and the lis pendens notice on parcel 1 are listed as subsequent and would be cancelled by the sale. Payment is due at the auction in cash, certified check or money order. The notice includes the standard clause that prior or preferential liens, if any, continue. Investors should verify occupancy, title and the condition of the buildings.