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This auction enforces a leasehold mortgage following a debt collection and foreclosure action. The property is a 10.542-cuerda rural parcel in Barrio Emajagua, Maunabo, leased from the Municipality of Maunabo under a 2009 lease agreement executed by Juan López Molina and María del Carmen Rodríguez Correa. The original $795,600 leasehold mortgage, issued by Banco de Desarrollo Económico, was assigned twice and is now held by plaintiff OSP Consortium, LLC. The auction sells all rights and interests in the leasehold agreement, not fee-simple ownership. Investors should verify lease terms, remaining lease duration (original expiration August 2, 2033), municipal landlord obligations, and whether the lease is transferable or subject to municipal consent. The property is improved and located on State Road 901 near Road 9911 in Bo. Camino Nuevo, Yabucoa. Title due diligence should confirm lease status, subordinate liens, occupancy, and physical access.
Carretera 901, Intersección 9911 Interior · 00767 · Puerto Rico
Parcel DD1 in Barrio Emajagua, Maunabo municipality, bounded north by State Road 901, south by the Caribbean Sea maritime zone and land owned by Carmelo Rodríguez Cruz, east by a paved access road and land owned by Carmelo Rodríguez Cruz, and west by land owned by the Rural Housing Administration. Registered as Finca 6526, folio 220, volume 74 of Maunabo, Property Registry Section of Guayama. Physical address is Carretera 901, Intersección 9911 Interior, Bo. Camino Nuevo, Yabucoa, PR 00767.
| Round | Date | Time | Price | Status |
|---|---|---|---|---|
First auction | Aug 27, 2026 | 10:30 AM | $795,600 | passed |
Second auction | Sep 3, 2026 | 10:30 AM | $530,400 | passed |
Third auction | Sep 10, 2026 | 10:30 AM | $397,800 | passed |
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View pricingThis sample uses recorded transfers; transfer context may not indicate an open-market sale. 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 Jul 2022.