This is a mortgage foreclosure and debt collection action filed by Banco Popular de Puerto Rico against multiple defendants including a corporation and individual co-owners. A consent judgment entered in December 2006 ordered payment of $480,000. The property securing this debt is a three-bedroom condominium apartment in the Piedrahita Condominium in Condado, Santurce. The mortgage was originated in March 1991 for $175,200 at a floating rate tied to New York Prime plus 2%. The court has ordered foreclosure sale of the condominium unit to satisfy the debt. Investors should note this is a horizontal property regime unit with assigned parking, common elements, and potential homeowner obligations. Prior or preferred liens will survive the sale, and the buyer accepts all responsibility for them. Title should be carefully examined given the age of the mortgage and the passage of time since judgment.
69 Cll Santiago Iglesias, Apt. 1A · 00907 · Puerto Rico
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Apartment 1A in Piedrahita Condominium, 69 Santiago Iglesias Street, Condado, Santurce. Located on the second floor immediately north of the stair and elevator area. The unit has 141.59 square meters of net floor area and includes assigned parking space 1A. It borders communal facilities on the south (passenger lobby, elevator, and main stairway) and the exterior building walls on the north, east, and west. Contains living room with porch, dining room, three bedrooms, three bathrooms, hall, kitchen, laundry, and general storage. Separated from mother parcel Finca 11,436 recorded at folio 29, volume 436 of Santurce Norte.
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