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This is a mortgage foreclosure and debt collection action where Franklin Credit Management Corporation, acting as agent for a securitized trust, is enforcing a 2003 mortgage originated by Doral Mortgage Corporation. The property is a 1,000 square meter rural parcel in Barrio Tierras Nuevas, Manatí, accessed via PR-685 at kilometer 4.2. The plaintiff seeks to collect $126,431.55 in principal plus accrued interest at 5.25% annual rate on a loan originally for $164,080.00, due January 1, 2034. The notice states no prior liens affect the property, but a subsequent legal action notice from June 1, 2016 in Manatí court is noted without detail. Investors should verify title status, any tax or municipal liens, access rights via the public road mentioned, zoning for the rural parcel, physical condition, and whether the property is occupied. The auction requires cash payment, certified check, or money order.
Bo. Tierras Nuevas, PR 685 Km 4.2 · 00674 · Puerto Rico
Property registered as finca 17,173 in the Manatí Property Registry, inscribed at folio 165, volume 561 of Manatí.
| Round | Date | Time | Price | Status |
|---|---|---|---|---|
First auction | Aug 13, 2026 | 9:00 AM | $164,080 | passed |
Second auction | Aug 20, 2026 | 9:00 AM | $109,387 | passed |
Third auction | Aug 27, 2026 | 9:00 AM | $82,040 | passed |
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View pricingThis sample combines multiple recorded sources, including any likely auction transfer inferred from a public record dated within nine months after a scheduled auction. 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 Jun 2026.