Río Grande · Zarzal · Villa Realidad

This is a mortgage foreclosure action by Oriental Bank against the estates of two deceased property owners who failed to maintain payments on a residential mortgage. The property is a 356.25 m² rural parcel in Villa Realidad, Río Grande, originally financed in 2011 by Scotiabank de Puerto Rico (now held by Oriental Bank) for $73,831 at 4% interest. The court judgment establishes an outstanding debt of $51,030.26 in principal plus accrued interest, late charges, costs, and attorney fees. The property will be sold at public auction with a minimum bid of $78,831 (appraised value). Investors should note that the property is part of a rural community development, title passes through two estates which may require succession proceedings, and any prior or preferred liens will survive the sale. The successful bidder must pay in cash or certified funds and may request judicial possession within twenty days of confirmation.