Banco Popular is foreclosing on a 25-cuerda rural property in Barrio Vayas/Bucaná, Ponce, owned by Easy Rental Holdings, Inc. The executed mortgage secures $500,000, but the total debt exceeds $5.6 million in principal and accrued interest, plus $360,000 in attorney fees. The property is heavily encumbered by three additional mortgages to Banco Popular totaling $3.1 million (all modified to mature in 2033 at 7.5% fixed interest), plus a notice of lis pendens from this case, a $167,385 state tax lien, and a $4.8 million municipal CRIM lien. The property carries a preferential right-of-way easement. Investors face substantial prior and pari passu liens, and the sale proceeds will likely be insufficient to satisfy all claims. Title complexities and lien priority require careful due diligence.
Solar #4, Calle #1 · Puerto Rico
Rural parcel labeled as lot 4 in a subdivision plan of the Sucesión Subirá estate, located in Barrios Vayas and Bucaná, Ponce. The 25.0534-cuerda (98,469.595 m²) property is bounded northwest (470.508 m) by parcel 3 (Carlos López Somolinos), southeast (467.743 m) by Hacienda La Esperanza lands, northeast (210.759 m) by Camino Vayas Torres, and southwest (212.388 m) by parcel 5.
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